Conversant profits on track, extends buybacks
Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.
Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows
Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that Read More →
Portable power: Ojai firm makes battery systems that can go anywhere
An Ojai company’s creation that started as a way to run camera and lighting gear for on-location film shoots has evolved into a battery system that can power everything from military forces in Afghanistan to an off-grid organic vodka distillery in Hawaii.
Invested.in founder launches platform for accredited investors
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Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Teledyne revenues dip as profits, outlook rise
Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
Allergan’s South Coast exit reshapes breast implant industry
The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.
