Marvell to buy Inphi in $8B semiconductor deal
Banking & Finance, Earnings, East Ventura County, Latest news, middle, Technology, Top Stories, Tri-County Economy, Tri-County Public CompaniesMarvell Technology Group, a major semiconductor company, announced Oct. 29 it will acquire Inphi, a competitor based in Santa Clara with significant operations in Thousand Oaks, in a cash and stock deal worth about $8 billion. Under the agreement, Marvell will pay Inphi shareholders $66 for each share of Inphi stock, along with 2.323 shares Read More →
Amgen beats expectations in Q3 earnings report
Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public CompaniesAmgen, one of the biggest biopharmaceutical companies in the world, continued to see growth in the third quarter of 2020, despite the COVID-19 pandemic. The Thousand Oaks-based company saw total revenue of $6.4 billion for the quarter, up 12 percent from the third quarter of 2019. Earnings per share increased 5 percent to $3.43. Both Read More →
Port of Hueneme coming back strong from pandemic
Latest news, Tri-County Economy, West Ventura CountyBusiness at the Port of Hueneme bounced back from the COVID-19 pandemic much quicker than management expected, allowing the port to keep its focus on the environment, port officials said at their 2020 “State of the Port” address on Oct. 15. When the shutdown started in March, all 10 of the automobiles manufacturers that use Read More →
Teledyne reports earnings dip
Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesDespite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
Pandemic heats up demand for Seek Thermal’s sensors
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Port of Hueneme reports strong comeback from pandemic shutdowns
Latest news, Tri-County Economy, West Ventura CountyBusiness at the Port of Hueneme has exceeded its management’s expectations during the COVID-19 pandemic, port officials said Oct.15 at the Oxnard Chamber of Commerce’s annual “State of the Port” address. When the shutdown started in March, all 10 of the automobiles manufacturers that use the port stopped production of cars. The auto-cargo industry accounts Read More →
Cannabis lands on the ballot in Ventura County
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