Banc of California closes merger with PacWest, raises $400M
Los Angeles-based Banc of California announced the completion of its all-stock merger with PacWest Bancorp, which will take effect Dec. 1. Announced on Nov. 30, Pacific Western Bank, a subsidiary of PacWest Bancorp, has now merged into Banc of California meaning the combined bank will operate under the Banc of California name and brand. The Read More →
Acelyrin shares decline after programming error disclosure
Conejo Valley-based Acelyrin saw shares plummet more than 30% on Nov. 28 after the biotechnology startup announced an error in one of its trials for its main treatment. Acelyrin, which is a part of Westlake Village BioPartners investing portfolio, disclosed there was a programming error in a drug trial of izokibep, a treatment for psoriatic Read More →
Deckers shares skyrocket in month after earnings excitement
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New product possibilities excite Sonos analysts, stock
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Tri-county unemployment remains the same in October
California’s unemployment rose for the second straight month, but on the Central Coast, the unemployment rate was unchanged from September to October while also adding a slew of non-farming jobs during the month. According to the data released Nov. 17 from the California Employment Development Department, the unemployment rate of the tri-counties was 3.9% compared Read More →
Inogen hopes new CEO can bring better results
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LA Rams leave CLU for Woodland Hills
Formalizing a long-planned move, the Los Angeles Rams announced Nov. 14 that they will be leaving their practice facility at California Lutheran University in Thousand Oaks for a new one in a neighboring section of Los Angeles. The move will take place ahead of the 2024 NFL season, the team said in a press release. Read More →
