Community West Bancshares nets record earnings
Community West Bancshares reported a record net income of $13.4 million or $1.51 per share in fiscal year 2022, the firm said in its earnings announcement on Jan. 27. The company’s board of directors also declared an increase of its quarterly cash dividend by 6.7% to $0.08 per common share, payable on Feb. 28 to Read More →
QAD sees major expansion ahead with Redzone acquisition
Santa Barbara-based QAD has secured its second acquisition in as many months, this time purchasing Florida-based Redzone for a reported $1 billion, the software company announced Feb. 1. QAD, which provides cloud software for the manufacturing industry, did not disclose how much the deal was worth. However, according to Reuters, the deal is worth about Read More →
Reflection and gratitude from Sansum medical director
January 20th marked three years since the first laboratory-confirmed case of COVID-19 was detected in the United States, followed a few short months later with the World Health Organization and CDC’s declaration of a global pandemic. At the time, none of us could have imagined how much our lives would be upended, or for how Read More →
Amgen reports drop in profit for fourth quarter
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Wine Buzz: Wine loses its way among consumers younger than 60
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Dubroff: The Central Coast has largely avoided scary tech layoffs
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Portfolio Watch
Scott Anderson at Bank of the West is warning about a “residential housing market swoon,” with home prices dropping 0.54% in November, according to the S&P CoreLogic Case-Shiller index. “Home prices have declined for five consecutive months,” he added noting that the biggest decliners included San Francisco, Phoenix and Las Vegas, with declines of more Read More →
