QAD profits skyrocket
Latest newsTwo years after making deep staff cuts to combat the global manufacturing collapse, Santa Barbara-based QAD profits rebounded 300 percent to $10.7 million in fiscal 2012, the company said March 8. QAD makes software that manufacturing firms use to track materials, labor and other costs. The company counts Hewlett-Packard and other Fortune 500 firms as Read More →
Semtech breaks profit record, buys French wireless firm
Banking & Finance, Latest news, Tri-County Public CompaniesChipmaker Semtech beat analysts expectations by two cents a share and set a profit record while continuing its streak of acquisitions on March 7. Semtech broke its year-end records with profits up 23 percent to $89 million on net sales of $480 million, a 5 percent increase that was also a new high for the Read More →
Calavo Q1 earnings up 16%
Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesAvocado marketer Calavo Growers reported March 5 that first-quarter profits were up 16 percent to $2.7 million as revenues climbed almost a third to $117.4 million. The Santa Paula-based company said the first-quarter results set the stage for a potentially record-breaking year for the firm, which last year made a major acquisition of Renaissance Food Read More →
Dole buys natural snack company
Latest news, Tri-County Public CompaniesDole Food Co. has bought Mrs. May’s Naturals, a family-run company that makes natural snacks such as fruit-and-nut bars and freeze-dried fruit. Terms of the deal were not disclosed, but Westlake Village-based Dole said Mrs. May’s had 2011 revenues of about $16 million. Mrs. Mays was founded in 2002 by brothers Augustine and Michael Kim, Read More →
Op/ed: Fighting to keep Ventura County military bases open
Editorials, OpinionWith Port Hueneme and Point Mugu providing both national security and an economic benefit to the people of Ventura County, I plan to fight to ensure these bases are kept open.
Op/ed: Avoid the rush and think about gold for the long-term
Op/Eds, OpinionIs gold still the safe haven for the average investor?
FCAL to buy Riverside bank, close four branches
Banking & Finance, Banking Industry, Latest newsWhile announcing plans to buy an Inland Empire bank, First California Bank said Feb. 28 that it will close four branches, including one in Thousand Oaks. First California plans to pay $2 million in an all-stock deal to buy Riverside-based Premier Service Bank. The deal is still subject to regulatory and shareholder approval and is Read More →
