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By Staff Report / Thursday, January 26th, 2012 / Technology, Top Stories, Tri-County Public Companies / Comments Off on Amgen to pay $1.2B for cancer drug firm
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Thousand Oaks-based Amgen is buying a leukemia drug maker for $1.2 billion in a bid to boost its blockbuster drug lineup. Amgen, the world’s largest biotech company, said Jan. 26 that it will purchase Maryland-based Micromet, maker of an experimental leukemia drug. Investors of Microment will Read More →
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By Staff Report / Friday, January 20th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on Coast National snatches former Mission CEO
Anita Robinson, the former CEO of Mission Community Bank, has moved to San Luis Obispo-based Coast Bancorp, parent of Coast National Bank. Her move comes two months after Mission announced that Robinson, the founding CEO of that bank, would be reassigned to head up its community development subsidiary. Coast is a four-branch bank with $135.6 Read More →
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By Staff Report / Tuesday, January 17th, 2012 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Venoco’s board agrees to CEO buyout
[Editor’s Note: This story was updated on Jan. 18] Venoco CEO Tim Marquez has agreed to pay $12.50 per share to take his Denver and Carpinteria-based oil and gas company private. In a deal announced shortly before the markets opened on Jan. 17, Venoco said the company had agreed to accept an offer that Marquez, Read More →
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By Stephen Nellis / Friday, January 13th, 2012 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Bank moves to seize Saabs at port
A bank backed by Uncle Sam is suing to seize a stash of Saab vehicles at the Port of Hueneme as the iconic Swedish car brand heads for the sunset. Ally Financial, a bank three-quarters owned by the U.S. Treasury, wants court approval to take control of 151 vehicles being stored at the port by Read More →
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By Staff Report / Thursday, January 12th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on California Republic buys Westlake bank branch
Newport Beach-based California Republic Bank has purchased the Westlake Village branch of National Bank of California, saying it wants to use the new location as a foothold for expanding into the Ventura County market. Terms of the sale were not disclosed, but the two banks previously said the deal would include the branch and $16.2 Read More →
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By Marlize van Romburgh / Friday, January 6th, 2012 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy / Comments Off on Forecast: Businesses, banks look for new models
The Tri-Counties starts 2012 with six fewer local banks than it had before the start of the financial crisis, and the local economy continues to stutter through a broader recovery. But area economists and finance insiders say the region is doing better than the rest of California, boosted by its tourism and technology sectors, and Read More →
