Calavo reports record-breaking third-quarter revenue
By Pacific Coast Business Times Staff / Friday, September 4th, 2009 / Top Stories / Comments Off on Calavo reports record-breaking third-quarter revenue
Santa Paula-based avocado distributor Calavo Growers said Sept. 3 that double-digit growth in fresh avocado sales fueled a 77 percent rise in profits to $2.5 million in the third quarter. Since the beginning of the year, Calavo’s profit has soared three-fold compared to 2008, from $3.7 million to $11.3 million. The third quarter earnings came Read More →
Dallas Fed president speaks of recovery, warns of deflation
By Pacific Coast Business Times Staff / Friday, September 4th, 2009 / Top Stories / Comments Off on Dallas Fed president speaks of recovery, warns of deflation
Speaking to a crowd at the University of California, Santa Barbara, on Sept. 3, Dallas Federal Reserve Bank President Richard Fisher said that with businesses across the country dealing with overcapacity, deflation is still a greater worry to the U.S. economy than inflation. Fisher, who was invited to speak at UCSB by the Laboratory for Read More →
Heritage Oaks defies trend, shares up 40% year-to-date
By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Heritage Oaks defies trend, shares up 40% year-to-date
Amid some of the largest shake-ups to hit the tri-county banking world, one area bank has emerged seemingly unscathed. Paso Robles-based Heritage Oaks Bancorp, holding company of Heritage Oaks Bank, which also includes Business First Bank, has seen its stock price surge by almost 40 percent year-to-date — a sharp contrast to the performance of Read More →
Scooting along
By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Scooting along
Tri-county consumers are cutting back on extravagant toys as their investments diminish and jobs grow less secure. But while big motorcycles may be experiencing a slump in sales, those looking to lower their expenses are seeking out small scooters as a pragmatic way of around-town transportation. “We’re seeing a lot of inconsistency,” said Carlin Dunne, Read More →
Court revisits financier
By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Court revisits financier
A wrongful death lawsuit unfolding in a Santa Barbara courtroom is shedding light on the final days in the life of the late Michael Klein, the fast-rising Santa Barbara hedge fund manager who died along with his daughter and a pilot in an airplane crash in Panama on Dec. 23, 2007. Kim Klein, Michael Klein’s Read More →
Trustee: Hertel assets found
By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Trustee: Hertel assets found
A U.S. Trustee has moved one step closer to recovering some of the $2.8 million that creditors to bankrupt developer R.W. Hertel & Sons say they are owed. In a document filed in bankruptcy court Aug. 31, Trustee Sandra McBeth said she’d located assets of R.W. Hertel & Sons and planned to divvy them up Read More →
State order targets PRstore sales pitch
By Stephen Nellis / Thursday, August 27th, 2009 / Top Stories / Comments Off on State order targets PRstore sales pitch
[Editor’s note: This story appeared in the Aug. 21 print edition of the Business Times. Ira Distenfield’s response, attached below, will appear in the Aug. 28 print edition. Source documents used to report this story are also attached below.] Ira Distenfield, the Santa Barbara man who built up and sold legal services franchise We the Read More →
