AG’s report details improper use of funds by Ventura County Community Foundation
Story updated at 11:16 p.m. March 24: The Ventura County Community Foundation improperly used $3.8 million of endowment funds earmarked to support VCCF’s operations and made improper, over-investment of permanent funds into money market accounts, according to the California Attorney General’s office. The VCCF voluntarily released the information on March 23. “Though the AG did Read More →
Teledyne to provide electronics for mission to Jupiter
A French space agency awarded nearly $10 million to a subsidiary of Thousand Oaks-based Teledyne Technologies to provide infrared detectors and electronics for a mission to Jupiter. The Centre National d’Études Spatiales, or CNES, contracted with Teledyne Scientific & Imaging for the products, which are planned to equip a 2022 European Space Agency launch. Over Read More →
Regulators back Pacific Premier acquisition of Heritage Oaks
The board of governors of the Federal Reserve System and the California Department of Business Oversight approved Irvine-based Pacific Premier Bancorp’s acquisition of Heritage Oaks Bancorp in Paso Robles, the company announced in a news release March 21. The all-stock deal, announced Dec. 13, is valued at $405.6 million or $11.68 per share. It combines the Read More →
East Ventura County startups carve out phone case niche
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Workforce trends challenge for tri-county employers
By Vlad Vaiman To formulate and implement a meaningful talent management strategy in an organization, its top leaders need to understand current workforce trends. These include a rapidly aging population, increased workplace diversity, significant skill deficiencies and employees’ changing attitudes. The rapidly aging U.S. population is felt in virtually all occupations. Even though the overall Read More →