Semtech’s earnings rise
[wikichart align=”right” ticker=”NASDAQ:SMTC” showannotations=”true” livequote=”true” startdate=”30-05-2011″ enddate=”30-11-2011″ width=”300″ height=”245″] Camarillo-based Semtech, a chip design firm, posted 67 percent increase in quarterly earnings on a slight increase in sales for the most recent quarter. Semtech, which is in its 2012 fiscal year, said third quarter net income came to $27 million, compared with $16.1 million a Read More →
Amgen kicks off debt offering
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”30-05-2011″ enddate=”30-11-2011″ width=”300″ height=”245″] Amgen has priced more than $1 billion in debt offerings as it loads up on cash for its massive stock buyback and dividend program. The company said it had priced $550 million of senior notes due 2018 and an additional $475 million in senior notes due Read More →
Dobyns named Mission Community Bank CEO
Tom Dobyns is the new CEO of San Luis Obispo-based Mission Community Bank. He was most recently president and CEO of American Security Bank in Newport Beach, prior to which he was with First Interstate Bank of California, Great Western Bank and Home Savings of America. His career started with Bank of America Corp., where Read More →
BofA lays off 140 in Conejo Valley
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Knight named Santa Clara Valley Bank chief exec
Bank insider Cheryl Knight is the new CEO and president of Santa Clara Valley Bank, the firm said Nov. 17. Knight joined the Santa Paula-based bank in October 2010 as a chief credit officer and senior vice president. She also held the position of chief operating officer when she was named CEO. Before joining Santa Read More →
Amgen launches $5B buyback
Amgen said Nov. 7 that it plans to buy back $5 billion of its shares as part of a push to return profit to stockholders. Shares of the Thousand Oaks-based drugmaker jumped 4.5 percent in morning trading. Moody’s Investors Service and Fitch Ratings lowered their ratings on Amgen debt after the announcement because the biotech Read More →
Earnings roundup: Profits return for most area banks
Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
