September 28, 2024
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With Newsom’s proposal, oil industry’s clock starts ticking

By   /  Friday, April 30th, 2021  /  Central Coast, Energy, Green Coast, Latest news, left, South Coast, Subscriber content, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on With Newsom’s proposal, oil industry’s clock starts ticking

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Thousand Oaks biotech firm closes $140M funding round

By   /  Thursday, April 29th, 2021  /  East Ventura County, Health Care & Life Science, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on Thousand Oaks biotech firm closes $140M funding round

Capsida Biotherapeutics, a biotechnology startup based in Thousand Oaks, announced April 29 that it is emerging from “stealth mode” with a $140 million funding round led by Westlake Village BioPartners and Versant Ventures. The Series A round includes $50 million from Westlake Village BioPartners, a venture capital firm in Thousand Oaks focused on biotech startups Read More →

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Bookkeeper sentenced in embezzlement cases

By   /  Thursday, April 29th, 2021  /  Latest news, Law & Goverment, Nonprofits, Small Business  /  Comments Off on Bookkeeper sentenced in embezzlement cases

Laura Leonard, a Simi Valley office manager and bookkeeper who was convicted of grand theft and embezzlement, was sentenced April 28 to three years and eight months in prison and ordered to pay restitution. Leonard was an office manager for Simi Valley-based Protek CNC Sales. The company discovered she was embezzling funds in 2019, and Read More →

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Cal Poly to get $5M in federal funds for drone project

By   /  Wednesday, April 28th, 2021  /  Central Coast, Higher Education, Latest news, Technology, Tri-County Economy  /  Comments Off on Cal Poly to get $5M in federal funds for drone project

Cal Poly San Luis Obispo will get $5 million in federal funds to form a partnership with the Air Force Research Laboratory to study drone technology. U.S. Rep. Salud Carbajal, D-Santa Barbara, was one of three reps who helped direct $10 million to Cal Poly SLO and Cal Poly Pomona in the Consolidated Appropriations Act Read More →

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Teledyne shares up on earnings news as Flir acquisition draws nearer

By   /  Wednesday, April 28th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne shares up on earnings news as Flir acquisition draws nearer

Teledyne Technologies saw growth in nearly all markets during the first quarter of 2021, helping the company beat expectations and deliver positive results on its first earnings report of the year. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported an adjusted earnings per share of $3.02 for the first quarter of 2021, beating Zacks’ Read More →

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Amgen stock tumbles after earnings report

By   /  Tuesday, April 27th, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, middle, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen stock tumbles after earnings report

Editor’s note: This article was updated at 8:35 a.m. on April 28 with up-to-date information on Amgen’s stock price. Amgen’s shares fell nearly 8% following the company’s April 27 release of its first quarter 2021 earnings, which saw a decline in both revenue and net income compared to a year earlier. Amgen is headquartered in Read More →

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Earnings up at Pacific Premier Bank

By   /  Tuesday, April 27th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Earnings up at Pacific Premier Bank

Pacific Premier Bancorp saw its net income more than double in the past year when it reported its first quarter financial earnings on April 27. The Irvine-based bank, which has 11 branches in the tri-county region, had a net income of $68.7 million, or 72 cents per share, for the first quarter of 2021. In Read More →