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Home prices in 'free fall' locally
Friday, Sept. 5, 2008
People waiting for the housing market to recover need to hold on a little while longer, speakers at the Ventura County Real Estate and Economic Outlook conference said Thursday. Mark Schniepp, director of the California Economic Forecast, predicted county home prices would stabilize in 2009 as sales strengthen, but it is expected to take until 2010 before prices start to rise.
The drastic decline in prices and surge in foreclosures could mean the recovery will be equally quick, not dragging on as it did in the 1990s, he said.
Full story »
The drastic decline in prices and surge in foreclosures could mean the recovery will be equally quick, not dragging on as it did in the 1990s, he said.
Full story »
FDA orders stronger warnings on 4 drugs
Friday, Sept. 5, 2008
The Food and Drug Administration ordered stronger warnings Thursday on four medications widely used to treat rheumatoid arthritis and other serious illnesses, saying they can raise the risk of possibly fatal fungal infections. Full story »
New woes torpedo stocks
Friday, Sept. 5, 2008
Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. Full story »
Developer of T.O. center razing site to start anew
Saturday, Sept. 6, 2008
Demolition of a shuttered Home Depot in Thousand Oaks is under way to make way for a $40 million development that will include a Hampton Inn Suites hotel and Walgreens. Full story »
New FDA regulation allows radiation zapping for produce
Sunday, Aug. 24, 2008
The Food and Drug Administration issued a regulation Thursday allowing spinach and lettuce sellers to zap fresh spinach and iceberg lettuce with just enough radiation to kill E. coli and a few other germs, a long-awaited move amid increasing illness outbreaks from raw produce. Full story »
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Jim Medina - Business Editor
Allison Bruce - Staff Writer
Stephanie Hoops - Staff Writer
Jenni Mintz - Staff Writer
