NiMin drums up $4M
NiMin Energy Corp., an independent oil company based in Carpinteria, has raised $4 million in a private placement with an Australian bank. NiMin owns and drills onshore oil fields near Bakersfield and in Wyoming and southern Louisiana. It said the money will go toward developing its assets near Bakersfield. NiMin said it sold 2.7 million Read More →
Venoco CEO offers to take firm private
[EDITOR’S NOTE: There’s an updated version of this story: “Venoco sued over CEO’s offer“] The CEO of oil and gas company Venoco wants to take the company private in a proposed buyback deal that would value the entire company at $734 million. Denver-based Venoco said Aug. 29 that CEO and Chairman Tim Marquez has offered Read More →
Semtech, QAD earnings increase
Semtech earns $27.1M, amps up repurchase program Semtech Corp. said Aug. 25 that it earned $27.1 million in second-quarter profits and that it would expand its stock repurchase plan by $36 million. The board of the Camarillo-based semiconductor firm had previously authorized $14 million as part of the plan to buy back stock. Semtech saw Read More →
Inphi shares plummet 17% in after-hours trading
Shares of Inphi Corp. soared more than 13 percent in day trading on Aug. 23, before plummeting almost 17 percent in after-hours trading as the company issued a statement saying it’s lowering its revenue outlook for the second half of the year. The semiconductor company said in a statement that it has recently become aware Read More →
Amgen expects approval for Xgeva as bone treatment in April
Thousand Oaks-based Amgen said Aug. 22 that the U.S. Food and Drug Administration will likely make a decision by April 26, 2012 on the biotech firm’s application to expand the use of its Xgeva bone treatment drug to treat advanced prostate cancer. Amgen, the largest biotech company in the world, said in a statement that Read More →
Perfect Promotional signs large lease in Camarillo
Perfect Promotional Products, a company that customizes T-shirts, mugs and other promotional products for companies, has signed an 85,000-square-foot lease in the Mission Oaks Business Park in Camarillo. The company signed a seven-year lease on the industrial space at 5217 Camino Ruiz valued at about $3.8 million, according to Lee & Associates-LA North/Ventura, which represented Read More →
Experts tackle making money off digital music and movies
How technology is reshaping the entrainment business will be the focus of a panel discussion called “Making Money Off Media: The Future of Creativity in the Digital Age” on Wednesday, Aug. 24 in Pismo Beach.
