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By Austen Hufford / Thursday, June 12th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Vitesse plans $23.2M stock offering
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
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By Austen Hufford / Tuesday, June 10th, 2014 / Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies / Comments Off on Limoneira operating income jumps 35% on higher lemon prices
Santa Paula-based fruit grower Limoneira Co.’s second-quarter profits fell 16.7 percent to $2 million despite higher revenue and operating income. The earnings decrease was affected by Limoneira’s sale last year of 165,000 shares of Santa Paula-based Calavo Growers, a transaction that netted a $3.1 million gain in the second quarter of 2013. Limoneira’s earnings per Read More →
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By Staff Report / Monday, June 9th, 2014 / Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on Amgen hires former 3M exec as CFO
Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →
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By Staff Report / Friday, May 30th, 2014 / Banking & Finance, South Coast, Technology, Tri-County Public Companies / Comments Off on QAD shares soar on narrower Q1 loss
Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →
