Teledyne’s 2017 first quarter sales up but net income down
Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →
MindBody revenue soars but net loss continues
San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →
Frosts giving $110 million to Cal Poly San Luis Obispo
In a Wheel of Fortune-style reveal, with Dean of the College of Science and Mathematics Phil Bailey playing the part of Vanna White, Cal Poly San Luis Obispo announced that it had received $110 million from donors Bill and Linda Frost. The gift is the largest the California State University system has ever received, and Read More →
Inphi revenues grow but net loss increases
Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →
Amgen to provide rebates for Repatha patients who have heart attack or stroke
Thousand Oaks-based Amgen announced on May 2 that it has reached a “first-of-its-kind contract” with health care company Harvard Pilgrim. The contract provides Harvard Pilgrim with a rebate for the cost of Repatha for any eligible patient who has a heart attack or stroke while on Repatha. “Amgen is committed to combating cardiovascular disease, one Read More →
California Lutheran University may offer hospitality degree
California Lutheran University rounded out its annual Corporate Leadership Breakfast series in Thousand Oaks on May 2 by examining the inner workings of the hospitality industry ahead of preparations to add a new hospitality major. The timeline for rolling out the newest degree offering is yet to be announced, said Lynda Fulford, associate vice president Read More →
United Auto Workers leader Hank Lacayo dies at 85
Henry L. “Hank” Lacayo, a union leader with strong ties to political and business leaders across California and the nation, has died. The 85-year-old rose to prominence organizing aircraft workers for the United Auto Workers in the early 1950s. After leading the UAW’s western regional office, he moved to UAW national headquarters in Detroit in Read More →
