Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Dole plc sells off fresh vegetables division for $293M
In a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Montecito Bank & Trust closes out 2022 strong
Despite total assets dropping from the end of last year, Montecito Bank & Trust reported an overall strong growth in income and loans to close out fiscal year 2022, the financial institution reported Jan. 30. Montecito Bank & Trust, the biggest bank in the tri-county region, reported income grew to $18.27 million for the year Read More →
Amgen to lay off 300 U.S. workers
Technology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
Community Memorial rebrands to signal a new era
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Teledyne caps off strong year with record-breaking fourth quarter
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Diablo Canyon extension process hindered by federal regulators
The plan to extend the life of the Diablo Canyon Power Plant may have been put on hold, pending the filing of a revised application with federal regulators. On Jan. 24, the U.S. Nuclear Regulatory Commission denied a request to renew a review of an operating license application from Pacific Gas & Electric, operators of Read More →
