Final withdrawal: Behind the scenes of San Luis Trust seizure
By Marlize van Romburgh / Friday, March 25th, 2011 / Banking & Finance, Top Stories / Comments Off on Final withdrawal: Behind the scenes of San Luis Trust seizure
A team of about 60 FDIC staff members worked late into the night and through the weekend to wind San Luis Trust down and transfer its assets to First California.
Liftoff for Space Center: Ground-breaking expected this year near Lompoc
By Stephen Nellis / Friday, January 21st, 2011 / Top Stories / Comments Off on Liftoff for Space Center: Ground-breaking expected this year near Lompoc
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Oxnard firm lands $93M defense contract
By Marlize van Romburgh / Friday, January 21st, 2011 / Top Stories / Comments Off on Oxnard firm lands $93M defense contract
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Bringing light to the world
By Stephen Nellis / Friday, January 21st, 2011 / Technology, Top Stories / Comments Off on Bringing light to the world
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Dealing a new card at First California
By Marlize van Romburgh / Friday, January 14th, 2011 / Banking & Finance, Banking Industry, Personal Finance, Top Stories / Comments Off on Dealing a new card at First California
First California Financial Group’s foray into the prepaid debit card market is a potentially lucrative moneymaker for the banking firm, but also a step into a riskier, increasingly regulated business.
Postal cutbacks signal crunch in public sector
By Tony Biasotti / Friday, January 14th, 2011 / Top Stories, Tri-County Economy / Comments Off on Postal cutbacks signal crunch in public sector
Between the rise of e-mail and the Great Recession, the U.S. Postal Service hasn’t had an easy decade. Mail volume is down 20 percent since 2006 and the agency has even discussed eliminating Saturday delivery.
Unloading a recovery: Port of Hueneme expects more gains in ship traffic
By Stephen Nellis / Friday, January 14th, 2011 / Top Stories / Comments Off on Unloading a recovery: Port of Hueneme expects more gains in ship traffic
The port was hit hard by the recession but has notched some gains in recent months. In November, automobile imports were up 43 percent year-over-year, to 19,753 revenue tons, the measure the port uses for tracking activity.