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Developers back out of deal to buy Santa Maria parcels from Limoneira

By   /  Friday, March 7th, 2014  /  Banking & Finance, Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Developers back out of deal to buy Santa Maria parcels from Limoneira

Two housing developments in Santa Maria are back on the market after a potential buyer backed out of an $8.3 million deal with Limoneira Co.

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Heritage Oaks to cut 60 jobs as Mission Community deal closes

By   /  Friday, March 7th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes

With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.

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Amgen to cut 252 jobs

By   /  Thursday, March 6th, 2014  /  Top Stories, Tri-County Public Companies  /  Comments Off on Amgen to cut 252 jobs

Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.

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Semtech meets Street expectations after layoffs

By   /  Wednesday, March 5th, 2014  /  Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Semtech meets Street expectations after layoffs

Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.

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LTC earnings jump 14.7%

By   /  Friday, February 21st, 2014  /  Banking & Finance, Earnings, Latest news, Real Estate  /  Comments Off on LTC earnings jump 14.7%

LTC Properties’ fourth-quarter profits jumped 14.7 percent to $13.7 million, or 40 cents per diluted share, it said on Feb. 20.

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Inogen shares stumble after $70.5M initial public offering

By   /  Friday, February 21st, 2014  /  Banking & Finance, Health Care & Life Science, Technology, Top Stories, Tri-County Public Companies  /  2 Comments

Shares of Goleta-based Inogen settled into the low $15 range as the Business Times went to press Feb. 19 after the company raised $70.5 million in an initial public offering that priced at $16, the low end of its expected range. In addition to selling shares, the company changed some of the disclosures it made to investors, pointing out its steep reliance on government and private insurance programs for 41 percent of its total revenue in 2012.

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Vitesse makes play for Internet of things in turnaround tactic

By   /  Friday, February 14th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Vitesse makes play for Internet of things in turnaround tactic

Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.