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Author Archives: Greg Gerber

Foreign operations boost Bank of America’s second quarter profit

(Aug. 10, 2009) -- In its quarterly report filed with the Securities and Exchange Commission, the Charlotte, N.C.-based bank said it lost $255 million in the United States, as losses from failed loans continued to rise. Nearly all the bank's earnings of $2.42 billion after preferred dividends came from Asia, thanks to a $3.5 billion after-tax gain from Bank of America's sale of part of its sake in China Construction Bank Corp. Read More »

Monaco appoints new board member

(Aug. 11, 2009) -- Monaco Coach Corporation announced that John F. Cogan, an Ely senior fellow at the Hoover Institute and professor in the public policy program at Stanford University, was elected to the company's board of directors. Read More »

Allied Capital extends losses in second quarter

(Aug. 11, 2009) -- For the quarter ended June 30, net investment income was $18.2 million or $0.10 per share compared to net investment income of $63.9 million or $0.37 per share for the quarter ended June 30, 2008. For the quarter ended June 30, 2009, the company had net realized losses of $126.1 million or $0.71 per share, compared to net realized losses of $17.9 million or $0.10 per share for the quarter ended June 30, 2008. Read More »

Venice residents sue California commission over homeless RV parking rules

(Aug. 11, 2009) -- "The coastal commission has a legal mandate to protect coastal waters," said Mark Ryavec, a longtime coastal activist and an officer of the Venice Stakesholders Assn., which filed the suit. "However, despite hearing of repeated instances of the owners of recreational vehicles leaking and/or dumping their sewage directly into yards, streets and storm drains, which drain directly to the ocean, the commission failed to act to protect the coastal water." Read More »

Clayton Homes puts in bid for Fleetwood’s manufactured housing operation

(Aug. 11, 2009) -- CMH Manufacturing Inc., a Maryville, Tenn.-based company that is a part of Clayton Homes was the only other company to submit a bid before the 11 p.m. deadline Saturday, besting the original $28.9 million bid by Phoenix-based Cavco Industries, according to the source, who requested anonymity because he was not authorized to comment. According to the bidding procedures approved by the court, Clayton would have needed to bid at least $29.9 million. Read More »

Thetford eliminates CEO position

(Aug. 11, 2009) -- The economy has impacted the RV industry quite dramatically with production figures down more than 50 percent in the United States and more than 30 percent in Europe, the company noted in a press release. This is the fourth restructuring in the last twelve months as Thetford has aligned itself with industry dynamics. Read More »

“Wheel estate”

(August 11, 2009) -- RV owner remembers family trips in an RV and turns to RV living full-time. She says the RV may seem cramped, but it's a lot simpler. Read More »

Outdoor family camping program set at Texas state park

(August 11, 2009) -- Families that would like to enjoy the outdoors, but aren’t sure they have the necessary skills, will want to mark the weekend of Oct. 17-18 on their calendars. That’s the date the Texas Outdoor Family Program will be held at the Lake Brownwood State Park. Read More »