Limoneira predicts bumper lemon and avocado crop
Santa Paula-based Limoneira Co. told shareholders on March 26 that it expects a 25 percent jump in lemon sales and a record avocado crop in 2013. CEO Harold Edwards said avocados could hit 18 million pounds this year — up 50 percent from 2012. But because of strong production and higher volumes, avocado prices will Read More →
FCAL shareholders vote in favor of merger with PacWest
Shareholders in First California Financial Group voted overwhelmingly in favor of merging the bank into rival PacWest Bancorp at a March 20 meeting. Investors in the Westlake Village bank cast 23.4 million votes in favor of the $233 million deal, with 212,252 shares voting against the proposal and 5,865 abstaining. The deal still requires regulatory Read More →
North American Oil and Gas bets on drilling deeper
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FCAL execs grab hold of golden parachutes
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Dole to appeal $59M fine
Westlake Village-based Dole Food Co. said it will appeal to Europe’s highest court after a lower-court decision that upholds a $59.8 million fine levied by the European Union over allegations that the fresh fruit company colluded with German banana importers to fix prices. The decision, issued by the E.U.’s General Court, upheld the fine of Read More →
Smaller Dole reports Q4 loss
A much-smaller Dole Food Co. reported a fourth-quarter loss and lower profits in 2012. The Westlake Village-based produce giant sold its worldwide packaged foods and Asian fresh foods business to Itochu Corp. out of Japan for $1.7 billion in cash earlier this year. With its packaged-foods business sold, the new Dole has a much smaller Read More →
Limoneira lost $3.1M in Q1
Limoneira Co., a Santa Paula-based lemon grower and land developer, reported a wider first-quarter loss on March 12 despite higher revenue. Limoneira lost $3.1 million in the first quarter of 2013, compared to a $2.8 million loss a year earlier. The company pinned the wider loss on lower lemon prices and the seasonality of its Read More →
