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Monthly Archives: June 2008
Skyrocketing prices force CA to burn less gas
Out-of-control gas prices are all the hype. Few may realize, though, that California is running on less fuel than it was a year ago. That’s according to a State Board of Equalization report published on Monday, which also says … Continue reading
Event aims to draw attention to local businesses
When Jack Ritoli showed up at Family Fun Day in Chino Hills on Saturday, he did more than just watch kids have their faces painted and vie for raffle prizes. He was networking. It’s been one year since Ritoli … Continue reading
Manufactured steel making comeback in IE?
The dollar’s value might be dropping, but that’s good news for companies like Tamco Steel Mini-Mill in Rancho Cucamonga. Tamco is exporting steel “for the first time in a long time,” according to Jim Mengler, safety facilitator at Tamco … Continue reading
EMRISE hopes to dodge delisting on NYSE
Rancho Cucamonga-based EMRISE Corp. said on Thursday that its England subsidiary, Pascall Electronics Ltd, will purchase $2.2 million of in-flight aerospace entertainment devices. The aerospace and defense electrical device manufacturer could probably use all the new orders it can get. … Continue reading
Commercial brokers experiencing both good and bad times
Good times and bad times — commercial brokers doing business in the Inland Empire are experiencing both phenomenons right now. At least that’s John Magness’s opinion. The senior vice president of Hillwood Investment Properties is helping moderate Thursday’s mid-year market … Continue reading
Bank write-offs are mainstay for now
Write-offs. It’s an all-too familiar and dreaded term in today’s economy. Banks hate em’ and consumers keep getting astounded by their numbers. According to Chapman University experts, there’s been $300 billion in write-offs over the past few years and … Continue reading
Mountain tourism striving for comeback
Mountain businesses are still feeling the brutal effects of the Slide and Grass Valley fires that scorched communities last October and reaked economic havoc on retail shops, hotels and cozy bed-and-breakfast lodgings. But with Wednesday’s 2nd annual Mountain Lakes … Continue reading
PFF Bancorp’s numbers tell its troubled story
Several customers and shareholders are well aware that PFF Bancorp, the parent of PFF Bank & Trust, is in a world of hurt because it made risky loans to home developers. But the story isn’t done justice without numbers. … Continue reading
County unemployment rising to 1997 levels
The job front in Riverside County has already taken a beating this year, but the monthly unemployment rate in San Bernardino County is rising to levels unseen since 1997. Preliminary data released by the state’s Employment Development Department on … Continue reading
Expert: phase 3 of housing-market downturn coming soon
The depressing California real-estate market could be seeing “the first flickers of a light at the end of a tunnel,” according to Ryan Ratcliff’s prediction. Ratcliff is one of four economists with UCLA’s Anderson Forecast team that says the … Continue reading