Underperforming stock price prompts Dole to put asset sales on menu
Agribusiness, Banking & Finance, Earnings, Features, Tri-County Public CompaniesBy staff and wire reports on May 18, 2012 A strategic review going on at Dole Food Co. could lead to a major overhaul and asset sales at the one of the biggest companies headquartered in the Westlake Village-Thousand Oaks corporate corridor. Amid disappointing results, Dole shares have struggled to get to double-digits, a thorn Read More →
CKE to go public again in $100M offering
Banking & Finance, Latest newsLess than two years after a $1 billion buyout by Apollo Management, CKE Restaurants, the Carpinteria-based parent of burger chains Carl’s Jr. and Hardees, is preparing to go public again in a $100 million offering. The company said in a brief statement on May 17 that it had filed regulatory papers with the U.S. Securities Read More →
Yardi adds 200 employees with purchase of billing company
Latest newsYardi Systems said May 17 that it purchased Ista North America’s Multifamily Services Group, a business that provides utility billing services for owners and managers of apartment complexes. The deal brings 200 employees into Yardi’s fold. Goleta-based Yardi makes property management software for apartment complexes. With about 350 employees, it’s one of the largest private Read More →
Allegiant Air debuts flight from Santa Maria to Honolulu
Latest newsAllegiant Air is introducing a direct flight from Santa Maria to Hawaii, the airline announced May 15. Weekly nonstop flights from Santa Maria Public Airport to Honolulu International Airport will start in November. Fares for the new route start at $199 each way, the airline said in a news release. News of the route comes Read More →
NiMin reports $1.5M loss
Banking & Finance, Earnings, Latest news, Technology, Tri-County Public CompaniesNiMin Energy Corp., the Carpinteria-based oil and gas producer that is disbanding, said it narrowed its first-quarter loss to $1.5 million, compared to a loss of $8.5 million a year ago. The company said in late April that poor stock-price performance prompted it to start dismantling the business and selling its assets. The move came Read More →
