The battle for control of Simi Valley-based Qualstar Corp., a data storage and power supply maker, appears to have ended in victory for Steve Bronson and Florida-based BKF Capital Group. The investment firm started grappling with the Qualstar’s brass more than year ago, when it began a proxy contest to replace board members and executives. Read More →
Thousand Oaks-based agricultural biotech firm Ceres’ third-quarter net loss widened to $9.3 million, or 38 cents per share, on revenue of $1.4 million, it said July 11. The energy crop firm attributed the higher loss to added expenses from expanding business operations in Brazil and higher-than-expected variability in how much fuel its crops can produce. Read More →
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Investors in Ventura County Business Bank, a small commercial lender that was acquired by Royal Business Bank in 2011, are suing its new owners and former executives, alleging fraud and misrepresentation. The plaintiffs — Mark Engle, Paul Turley, Mark Ioele, Ronnie Case, Dennis McCarty, Kuen Sil Park, Holger Blank and Farihan Uwaydah — allege that Read More →
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[wikichart align=”left” ticker=”VTSS” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The markets gave Camarillo-based Vitesse Semiconductor’s turnaround strategy a vote of confidence June 25 as the company sold out a stock offering that netted it $37.5 million. The company closed an offering of 18.7 million shares at a price of $2.15 each for a gross of Read More →
The region’s credit unions, increasingly the go-to financial institutions for consumers, are seeing a broad-based surge in earnings and assets. Out of the the five consumer credit unions based in the Tri-Counties, the largest three saw their earnings jump last year compared to 2011, while all five also saw their assets increase. At Ventura County Read More →
