Monthly Archives: July 2008

     Are we in a recession?     Experts and politicians argue this question every day.     Meanwhile, the nation’s gross domestic product — a barometer of recession territory — is floundering like a fish out of water.     The Commerce Department revised its … Continue reading →

     Mervyn Morris isn’t surprised the company he founded in 1949 filed for bankruptcy on Tuesday.     Even more interesting: the filing was made on the same date that Mervyns opened its first store in San Lorenzo 59 years ago.     “That … Continue reading →

     With five major dealers closing stores and factories over the last year, the local RV industry is going down the tubes fast.     Will it be near dead in a couple of years?     It’s not unfathomable, given tanking sales and … Continue reading →

     Vineyard Bank announced on Monday that it is voluntarily agreeing to a federal regulator’s consent order, which says the bank must manage its financial woes by following a three-year capital plan and numerous other rules.      It’s the latest … Continue reading →

     You’ve heard the ole’ saying: One man’s junk is another man’s treasure.     It couldn’t be more true for Frank Gallardo, a Fontana-based entrepreneur that’s stumbled across a business that’s putting more than just bread on the table.     In fact, … Continue reading →

     The hammered banking industry is creating shock waves throughout San Bernardino and Riverside counties.     First it was Pasadena-based IndyMac. The failed institution’s branches drew local customers eager to yank their money out of accounts just as the federal government … Continue reading →

     From April to June, one in every 32 homeowners in the San Bernardino-Ontario-Riverside region either gave up the keys to their house, saw it auctioned off or couldn’t pay their mortgage on time, according to a report released today … Continue reading →

     Fremont Investment & Loan is slashing 243 jobs at its home loan center in Ontario, according to records filed with the state’s Employment Development Department.     The investment-lending bank snatched the regional spotlight in June when it announced that its … Continue reading →

     Ten Mervyns stores sell goods across San Bernardino and Riverside counties, and management at the Inland Center Mall in San Bernardino is promoting what’s slated to be the 11th.     But will the Hayward-based retailer still be in business by … Continue reading →

     Chino Commercial Bancorp (OTCBB: CCBC.OB) said on Monday that its earnings slid more than 50 percent for the first six months this year compared to the same period in 2007, but it still avoided red on its balance sheet … Continue reading →