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 →
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 →
Deckers profits jump 48% on Ugg sales
Deckers Outdoor Corp. said profits jumped 48 percent in the third quarter after getting a big leg-up from Ugg brand sales. The Goleta-based shoe company increased its full-year outlook after the better-than-expected third quarter. Deckers company earned $62.3 million, or $1.59 per share as sales jumped 49.1 percent to $414.4 million in the third-quarter. Ugg Read More →
PCBC posts $20.5M profit year after recap deal
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
Amgen takes $780M hit to settle kickback charges
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