Community West lost $591K in Q2
Shares of Community West Bancshares soared 7.7 percent even as the Goleta-based bank reported a $591,000 second-quarter loss. The parent company of Community West Bank’s latest loss swings away from an $819,000 profit in the first quarter. Including $268,000 in dividends and accretion on preferred stock, Community West’s second-quarter net loss applicable to common stockholders Read More →
Orient-Express taps McIver for El Encanto opening
El Encanto, the historic Santa Barbara hotel that’s set to reopen in March after seven years of renovations, has appointed Laura McIver as its general manager. McIver, whose first official day on the job is Aug. 6, will lead the luxury resort through its second grand opening. She was general manager at Canary Hotel in Read More →
Clean Diesel wins Honda contract
Ventura-based Clean Diesel Technologies said July 30 that it won a contract to supply catalysts for four- and six-cylinder Honda Accords, some of the best-selling models in North America. The company, known as Catalytic Solutions before a merger in 2010, makes catalytic converters in its Oxnard factory and has about 180 employees. Its converters clean Read More →
Newsom talks business recruitment at Amgen HQ
With about 100 Ventura County leaders gathered at the sprawling Amgen campus in Thousand Oaks, Lt. Gov. Gavin Newsom made a rare appearance in the Tri-Counties on July 27 to promote a new “Gold Team” effort to recruit businesses to California. Taking a stab at bi-partisanship, he appeared at the podium with Republican Assemblyman Jeff Read More →
Amgen Q2 earnings up 8 percent
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-01-2012″ enddate=”26-07-2012″ width=”300″ height=”245″] Amgen’s earnings beat market expectations in the second quarter and rose 8.2 percent, the Thousand Oaks-based biotech giant said in a July 26 report. The company reported a profit of $1.27 billion, or $1.61 a share, up from $1.17 billion, or $1.25 a share, a year Read More →
Teledyne profits, sales up
Thousand Oaks-based Teledyne Technologies, a defense and industrial conglomerate, reported second-quarter profits of $39.5 million, or $1.06 a share, on July 26, compared with $38.7 million, or $1.04, last year. The company also said it took in $518.5 million in sales compared with $502.9 million for the second quarter of 2011. Sales increased 3.1 percent Read More →
Walmart plans two new Santa Maria stores
Walmart said on July 25 that it plans to open two of its smaller Neighborhood Market grocery stores in Santa Maria on South Blosser Road and South Bradley Road, the latest in a string of expansions in the Tri-Counties. The Blosser Road location will serve Santa Maria residents near the intersection with Boone Street. The Read More →
