Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public CompaniesThousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Heritage Oaks Q2 profits jump 25%
Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County EconomyPaso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →
Community West Bank profits fall 19.8 percent
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesGoleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.
Teledyne revenues dip as profits, outlook rise
Earnings, Latest news, Technology, Tri-County Public CompaniesThough Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
Announcing the 2014 Spirit of Small Business winners
Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County, Women Inc.The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.
Deckers shares jump as firm raises full-year outlook on higher Q1 sales
Banking & Finance, Top Stories, Tri-County Public CompaniesShares of Deckers Outdoor Corp. hopped 5.6 percent in after-hours trading on July 24 as the footwear firm reported better-than-expected sales and raised its outlook for the full year. The firm’s loss widened to $37.1 million, or $1.07 per share, compared to a loss of $29.3 million in the same period a year earlier. Read More →
New Yorker faces SEC charges over Clean Diesel trades
Latest news, Law & Goverment, Technology, Tri-County Public Companies, West Ventura CountyA New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.
