Amgen to cut 70 jobs
By Staff Report / Thursday, June 5th, 2014 / East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / 2 Comments
Thousand Oaks-based Amgen plans to lay off 70 people, primarily in its information systems department at its headquarters.
Ventura County pension reform effort collects 40K signatures
By Staff Report / Monday, June 2nd, 2014 / Top Stories / Comments Off on Ventura County pension reform effort collects 40K signatures
A grassroots effort to junk Ventura County’s defined-benefit pension plan and replace it with a 401(k)-style defined contribution plan took a step forward on June 2, when County Clerk and Recorder Mark Lunn certified that enough signatures have been collected to place the initiative on the November ballot. Advocates for the so-called Initiative for Pension Read More →
Calavo shares rally on record Q2 profits
By Austen Hufford / Monday, June 2nd, 2014 / Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies / Comments Off on Calavo shares rally on record Q2 profits
Shares of produce marketer Calavo Growers surged more than 7 percent in midday trading on Monday as the firm’s second-quarter profits surged 205 percent to $6.7 million, setting a quarterly earnings record.
FindTheBest wins patent battle costs
By Stephen Nellis / Monday, June 2nd, 2014 / Law & Goverment, South Coast, Technology, Tri-County Economy / Comments Off on FindTheBest wins patent battle costs
Summerland-based FindTheBest has won what a federal judge called a “frivolous” and “objectively unreasonable” patent lawsuit against it and will recoup its costs from its opponent. Last summer, Delaware-based Lumen View Technology sued FindTheBest over a patent on matching user preference data. That patent was invalidated late last year, and Judge Denise Cote ruled on Read More →
QAD shares soar on narrower Q1 loss
By Staff Report / Friday, May 30th, 2014 / Banking & Finance, South Coast, Technology, Tri-County Public Companies / Comments Off on QAD shares soar on narrower Q1 loss
Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →
Isla Vista tragedy shows the dark side of paradise
By Erika Martin / Friday, May 30th, 2014 / South Coast, Top Stories, Tri-County Economy / Comments Off on Isla Vista tragedy shows the dark side of paradise
The densely packed student community has been rocked by two high-profile gang rapes, drunken riots quelled with tear gas and, on May 23, a bloody killing rampage that killed six innocent people and injured 13 others.
Isla Vista shooting spree reignites gun control debate
By Marissa Wenzke / Friday, May 30th, 2014 / South Coast, Top Stories / 1 Comment
Questions about guns and the ease with which mentally ill people can obtain them have been thrust into the center of the debate about what caused Friday night’s massacre in Isla Vista.