EDC suing California Resources for alleged contamination of Ventura waterways
The Environmental Defense Center is suing the California Resources Corporation for allegedly contaminating Ventura waterways with polluted storm water runoff. The suit, filed in U.S. District Court on April 5, claims CRC violated the Clean Water Act at its 5,757-acre South Mountain oil field, where it conducts oil exploration and development activities near the city Read More →
Art teacher sues SBCC for wrongful termination
A former Santa Barbara City College art teacher has sued the school for wrongful termination, claiming that the department is “ushering out an old era,” but some of his assertions do not check out based on Business Times research. William Durham filed a suit in Santa Barbara Superior Court on March 23. The former 20-year Read More →
Limoneira to pay dividend of 5 cents per share
Santa Paula agribusiness Limoneira declared a dividend of 5 cents per share March 24. The dividend will be paid April 15 to all common stockholders at the close of business April 4. Limoneira badly missed analyst estimates when it reported a first quarter net loss of $3.9 million, or 29 cents per share March 11. Read More →
Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
Calavo Growers beats per share estimates but misses on revenue
Calavo Growers beat per share analyst expectations but missed revenue estimates when the company reported fiscal year 2016 first quarter earnings March 8. The Santa Paula-based avocado grower reported earnings per share of 37 cents, 2 cents better than estimates compiled by financial information provider S&P Capital IQ. Revenues increased 5 percent from $194.8 million Read More →
Oxnard needs to get financial house in order
A Feb. 23 city council meeting in Oxnard underscores the fact that the region’s largest city still has some cleanup work to do after the financial scandal that engulfed the city several years ago. The accounting firm Eadie and Payne said that it needed until at least March 29 to prepare a schedule for the Read More →
Artisan winemakers star at Solvang Garagiste Festival
The winemakers who gathered to pour at the Garagiste Festival in Solvang on Feb. 13-14 are mostly unknown in the marketplace, have limited equipment of their own and produce in such small quantities that financially, as one artisan told me, “it’s not for the faint of heart, to put it mildly.” This is the world Read More →
