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Amid losses, Community West hit with regulatory order

By   /  Wednesday, February 1st, 2012  /  Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies  /  Comments Off on Amid losses, Community West hit with regulatory order

[wikichart align=”center” ticker=”CWBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The parent company of Goleta-based Community West Bank has reported an $8.6 million loss for the fourth quarter and disclosed a consent order from banking regulators. Community West Bancshares said Feb. 1 that its fourth-quarter performance was impacted by a $6.7 million allowance against deferred taxes Read More →

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Wineries see profits flow to bulk sales

By   /  Friday, January 27th, 2012  /  Agribusiness, Top Stories  /  Comments Off on Wineries see profits flow to bulk sales

Large Central Coast winemakers are benefiting from the global trend of selling wine in bulk rather than bottles. Over the last two decades, bulk wine — wine that’s not yet packaged for retail sale — has become a major player in the wine-selling game. Bulk wine used to make up 25 percent of the product Read More →

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Under scrutiny, First California targets South Coast

By   /  Friday, January 27th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Under scrutiny, First California targets South Coast

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Big California banks see 2011 earnings bounce

By   /  Friday, January 27th, 2012  /  Banking & Finance, Banking Industry, Personal Finance, Top Stories  /  Comments Off on Big California banks see 2011 earnings bounce

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Amgen to pay $1.2B for cancer drug firm

By   /  Thursday, January 26th, 2012  /  Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen to pay $1.2B for cancer drug firm

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Thousand Oaks-based Amgen is buying a leukemia drug maker for $1.2 billion in a bid to boost its blockbuster drug lineup. Amgen, the world’s largest biotech company, said Jan. 26 that it will purchase Maryland-based Micromet, maker of an experimental leukemia drug. Investors of Microment will Read More →

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Buyers put downtown Ventura condo project on fast track

By   /  Friday, January 20th, 2012  /  Real Estate, Top Stories, Tri-County Economy  /  1 Comment

One of the largest residential projects in downtown Ventura history has changed hands, and the city is putting the owner on the fast track for approval in a bid to infuse the urban core with new white-collar housing. Los Angeles-based developer John Ashkar already has two large-scale housing projects in Ventura in the pipeline. He Read More →

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Carone Petroleum wants to double down on drilling

By   /  Friday, January 20th, 2012  /  Top Stories  /  Comments Off on Carone Petroleum wants to double down on drilling

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