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Port heads to court in battle with city

By   /  Tuesday, September 30th, 2014  /  Law, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

The Oxnard Harbor District has asked the Ventura County Superior Court to intervene in an increasingly contentious battle over revamping a decades-old revenue agreement with the city of Port Hueneme. The district, which controls the Port of Hueneme, sought relief in court on Sept. 30 on a technical issue related to arbitration. The district has […]

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Governor signs gun bills introduced after Isla Vista mass shooting

By   /  Tuesday, September 30th, 2014  /  East Ventura County, Law, South Coast, Tri-County Economy  /  No Comments

Gov. Jerry Brown on Wednesday signed into law a swath of new gun-control bills introduced in the wake of a mass shooting near UC Santa Barbara.

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Clean Diesel chairman resigns, metals industry veteran steps in

By   /  Tuesday, September 30th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Shares of Clean Diesel Technologies closed down 5.5 percent on Tuesday, after the company announced that Alexander “Hap” Ellis III had resigned as chairman and that board member Charles Engles had taken over the position. Ellis resigned to focus more time on RockPort Capital, the venture capital firm of which he is a partner, Clean […]

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Qualstar shares sink on $5.6M loss

By   /  Monday, September 29th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

A year ago, the management team at Simi Valley-based Qualstar was ousted by Florida-based BKF Capital, which vowed to cut costs and executive compensation while expanding international sales.  (Stephen Nellis / Business Times photo)

Qualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal […]

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Auto exports drive record year at Port of Hueneme

By   /  Monday, September 29th, 2014  /  Agriculture, Tri-County Economy, West Ventura County  /  No Comments

The Port of Hueneme in Ventura County posted its best-ever year for international trade and its second-highest year on record for domestic and global trade combined, it said Sept. 22. Auto exports, up 30 percent year-over-year, led the surge during the port’s 2013-14 fiscal year. Total tonnage moving through the port during the year was […]

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Watkins: California jobs boom not what it seems

By   /  Friday, September 26th, 2014  /  Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura County  /  No Comments

The Golden State has been outpacing the U.S. in job creation over the last three years, but all is not well. Skyrocketing housing costs mean that with a few exceptions clustered around the tech boom, California’s coastal counties are retirement havens, not entrepreneurship hubs. That’s the view from Bill Watkins, director of the California Economic […]

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Teledyne to raise $125M in debt sale

By   /  Tuesday, September 23rd, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Tri-County Economy  /  No Comments

Thousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt. The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, […]

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