Mission pays off TARP
Mission Community Bancorp has repaid the $5.1 million in federal bank rescue funds it took at the height of the financial crisis. The San Luis Obispo-based company said Jan. 4 that it had paid $5.1 million from the Troubled Asset Relief Program to the U.S. Treasury, including $30,554 in accrued and unpaid dividends. “The capital Read More →
Yardi buys health record firm
Yardi Systems, a Goleta-based property management software firm, has acquired a company that makes electronic health record software for nursing homes and other facilities. Yardi said it bought Eagle, Idaho-based ALMSA Corp., which makes software for both electronic health records and electronic prescriptions. The companies did not disclose terms of the deal, but said ALMSA Read More →
Phone firm pushes back against FTC
A Newbury Park-based company is vowing to fight charges by the Federal Trade Commission that it broke telemarketing rules by helping clients make so-called “robocalls,” violate the national “Do Not Call” registry and mask caller IDs. The FTC alleges the calls generated thousands of complaints from consumers. Peter Turpel, the founder of Phone On-Hold Marketing Read More →
Amgen CEO to step down
Kevin Sharer, chairman and CEO of Amgen, is set to retire in May, the Thousand Oaks-based company said on Dec. 15. Current president and chief operating officer Robert Bradway will become the company’s new CEO. Sharer led Amgen, the largest private-sector employer in Ventura County, for 11 years. He oversaw the company’s transition from the Read More →
Superconductor to move HQ to Austin
Superconductor Technologies, a company that produces high temperature superconducting materials for cell phones, is moving its corporate headquarters from Santa Barbara to Austin, Texas, the company said in a news release on Monday. The company’s Conductus superconducting wire manufacturing center will also be based in Austin. Superconducter will continue to house some of its research Read More →
Kavli talks philanthropy at CCC event
Fifty years after Fred Kavli immigrated to the United States from Norway, he started the journey from entrepreneurship to philanthropy by establishing the Kavli Foundation in 2000 to support scientific research and education. In the 11 years since, the foundation has handed out millions of dollars in prizes recognizing research excellence in three types of Read More →
