Monthly Archives: August 2008

     1st Centennial Bancorp announced Monday that it gave the boot to two top executives last week.      On the heels of the Redlands-based financial company’s second loss in 16 years, its board of director’s fired Tom Vessey, president and … Continue reading →

     Home buyers and investors are scooping up deals as real-estate prices continue their quick journey downward.        That’s what a report released today by La Jolla-based real-estate data company DataQuick Information Systems says.      The median price for … Continue reading →

     A silver rush might blaze into the High Desert by year’s end.     International Silver, Inc. (OTCBB: ISLV), based in Tuscon, Ariz., hopes to start drilling in a few months on the Laviathan Property — a 1,300-acre piece of land … Continue reading →

     The unemployment rate is inching even higher in the San Bernardino-Ontario-Riverside region, clocking in at almost 9 percent for the month of July.     That’s according to a Friday report published by the state’s Employment Development Department.     It stood at … Continue reading →

     As Soyo Group Inc. (OTCBB: SOYO.OB) strives to increase its share price to $2, the consumer electronics manufacturer-distributor announced on Thursday that it netted a mere $30,000 in second-quarter earnings — substantially lower than the $1 million projected.     The … Continue reading →

     The sluggish economy has handed Stater Bros. Holdings Inc., the Inland Empire’s largest private employer, a 40-percent drop in earnings from one year ago.     The San Bernardino-based grocery chain said its third-quarter financial results were “affected by the downturn … Continue reading →

     Nationwide foreclosure activity jumped 8 percent in July, and the San Bernardino-Riverside-Ontario metropolitan area ranked No. 6 in the country on the foreclosure filing totem pole, according to a report released today.     One in every 91 local households received … Continue reading →

     Almost 30 Longs Drugs stores do business in the Inland Empire, but starting next year, new signs will be posted above those locations.     CVS Caremark Corp. (NYSE: CVS), parent of CVS Pharmacy, announced Tuesday evening that it is acquiring … Continue reading →

     More losses are gouging the bottom lines of two Inland Empire financial companies that are already under close watch by federal regulators.      Vineyard National Bancorp — the Corona-based parent of Vineyard Bank — said its second-quarter losses are … Continue reading →

     Gas prices nationwide fell for the 25th day in a row on Monday, bucking their usual mid-summer trend of rising steadily.     It’s welcome news for penny-pinching consumers bemoaning the high price of oil and making life-style changes to accommodate … Continue reading →