Santa Barbara-based Pensionmark Financial Group and CAPTRUST Financial Advisors have partnered to better deliver corporate retirement plans with a combined $180 billion of assets under advisement, the companies announced Sept. 10. The new jointly owned entity will operate as Pensionmark’s registered investment advisor and will take on more than 3,000 combined clients. CAPTRUST and Pensionmark Read More →
Washington-based Haggen, the West Coast regional grocer, announced late Sept. 8 that it filed for Chapter 11 bankruptcy in an effort to reorganize. The company received $215 million in debtor-in-possession financing from its lenders to maintain its existing operations, according to a news release. “After careful consideration of all alternatives, the company concluded that a Read More →
In a transformative deal, Limoneira Co. has landed a partner for its Santa Paula Gateway project, unlocking as much as $100 million in cash flow over the next 10 years. In a statement, Limoneira said it has joined with The Lewis Group of Companies, a real estate investment company based in Claremont, to develop the Read More →
Amgen, the giant biotech company based in Thousand Oaks, saw its shares drop 2 percent to $149.23 on Sept. 3 after its rival Novartis launched a drug similar to Amgen’s that costs 15 percent less. Novartis’ Zarxio and Amgen’s Neupogen both help chemotherapy patients battle infections by increasing the production of white blood cells. The Read More →
Sientra, a Goleta-based breast implant manufacturer, submitted documents to the Securities and Exchange Commission to offer an additional $75 million worth of stock on Sept. 3. Sientra raised about $77 million after paying underwriting expenses when it started trading on the Nasdaq on Oct. 29, 2014. At the time, the company said it sold 5.75 Read More →
Regional grocer Haggen filed a lawsuit against Albertsons that seeks $1 billion in damages, the company announced Sept. 1. Haggen, the chain based in Bellingham, Wash., that recently expanded into the Tri-Counties, alleged that Idaho-based Albertsons hamstrung its expansion by using confidential scheduling information to sabotage grand openings through aggressive marketing campaigns, misleading the company Read More →
The Pacific Coast Business Times would like to congratulate the 40 Under 40 Class of 2015. These 40 young men and women, all under the age of 40, are apart of a new generation of dynamic leaders who are reshaping the leadership ranks and the economy of the Tri-Counties. 40 Under 40: Read More →
