Monthly Archives: July 2008

     The real-estate meltdown’s negative effects haven’t bypassed Upland-based Lewis Operating Corp., one of the largest real-estate companies in Southern California.     Still, the Inland Empire’s iconic developer and real-estate manager announced on Tuesday that it shelved out about $57 million … Continue reading →

      Unemployment keeps shooting upward in San Bernardino and Riverside counties and now stands at 8 percent, according to June numbers released on Friday by the state’s Employment Development Department.     It stood at 5 percent in late 2006.     From May … Continue reading →

     On a year-over-year basis, San Bernardino and Riverside counties are the only counties in Southern California seeing an up-tick in home sales, according to a report published on Wednesday.     But the news out of DataQuick Information Systems, a La … Continue reading →

     Ontario-based Soyo Group Inc. (OTCBB: SOYO.OB) tried reassuring investors on Monday afternoon that its growth prospects are “solid” even though a similar Tempe, Ariz.-based high-definition TV manufacturer will probably be delisted from the Nasdaq Stock Exchange in New York … Continue reading →

     History was made on Monday when the Federal Reserve said it would lend money to the nation’s two mega mortgage holders, Fannie Mae and Freddie Mac, and the Treasury Department also said it would invest in them if needed.     Freddie … Continue reading →

     India. Poland. China.     Leaders from these countries are eager to throw more credit unions into their financial markets, and they’ve visited the California Credit Union League over the last year to learn how to do it.     But from Sunday … Continue reading →

     Rancho Cucamonga-based EMRISE Corp. said on Thursday it’s been awarded one of the largest ever production contracts in the company’s history from a “long-standing U.K. customer” for Eurofighter Typhoon aircraft electrical devices.     The aerospace-industry manufacturer’s England-based subsidiary, Xcel Power … Continue reading →

     Medina International Holdings Inc. (OTCBB: MIHI), a small boat manufacturer in San Bernardino, announced on Wednesday that it signed a five-year deal with Timothy Spooner to market Medina’s commercial and recreational boats.     The $2.5 million market-capitalized company went public … Continue reading →

     Nationwide foreclosure activity dropped 3 percent in June, but the San Bernardino-Riverside-Ontario metropolitan area still ranks No. 5 in the country on the foreclosure filing totem pole.     One in every 95 local households received a foreclosure filing, according to … Continue reading →

     Vineyard National Bancorp’s former CEO led the financial institution through risky waters from 2005 to 2007 as it made shaky loans to home developers, but now the ousted executive stated he wants to nominate a new board who can … Continue reading →