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Tri-county stocks fall after Britain votes to exit EU

By   /  Friday, June 24th, 2016  /  Latest news, Tri-County Public Companies  /  No Comments

brexit-shutterstock2

Stock prices for many companies headquartered in the Tri-Counties fell June 24 as investors reacted to Britain’s vote to leave the European Union. Thousand Oaks-based biotech giant Amgen dropped $5.82 or 3.82 percent. Two other companies based in Thousand Oaks, Teledyne and Inphi, saw stock prices decline $5.72 or 5.66 percent and $3.44 or 10.52 Read More →

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Limoneira announces cash dividend of 5 cents per share

By   /  Friday, June 24th, 2016  /  Latest news, Tri-County Public Companies  /  No Comments

A Limoneira lemon orchard in Santa Paula is just one example of agriculture in Ventura County.

Limoneira has announced a quarterly cash dividend of 5 cents per common share payable on July 15 to stockholders of record on July 5. Limoneira is a 124-year-old agribusiness headquartered in Santa Paula. The company owns approximately 10,700 acres of agricultural land, real estate properties and water rights in California and Arizona. Limoneira is a Read More →

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Citizens Business Bank to pay 107th consecutive quarterly cash dividend

By   /  Friday, June 24th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  No Comments

Citizens Business Bank

CVB Financial Corp., the holding company for Citizens Business Bank, announced a 12 cents per share cash dividend for the second quarter of 2016. The dividend will be payable on or about July 21 to shareholders of record as of July 7. “Our board of directors is pleased to pay our 107th consecutive cash dividend to our shareholders,” said President and CEO Christopher Read More →

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700 barrels of oil leak from Ventura pipeline

By   /  Thursday, June 23rd, 2016  /  Latest news  /  No Comments

oilspilll

Updated at 12:30 p.m. June 23: About 700 barrels of crude oil leaked from a pipeline in Ventura on June 23 but Ventura County firefighters were able to stop the oil from reaching the ocean, officials said. The oil belongs to Aera Energy, among other producers, and the pipeline is owned by Crimson Pipeline, which Read More →

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Review blasts Ventura County Community Foundation’s fiscal management

By   /  Wednesday, June 22nd, 2016  /  Latest news, Nonprofits  /  No Comments

16 VCCF web

Updated on June 22 at 4 p.m.: An independent fiduciary review found that the Ventura County Community Foundation undervalued donor-restricted funds due to improper fund management, VCCF announced on June 22. The seven-month report by auditor KPMG found that the foundation invested permanent funds in money-market accounts, over-allocated interest income to VCCF’s unrestricted funds and charged Read More →

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PG&E to close Diablo Canyon Power Plant by 2025

By   /  Tuesday, June 21st, 2016  /  Energy, Latest news  /  No Comments

Diablo Canyon Nuclear Plant near San Luis Obispo County’s Avila Beach is the last operating nuclear plant on the West Coast. (photo courtesy of PG&E Corp.)

Pacific Gas and Electric plans to close the Diablo Canyon Power Plant near Avila Beach by 2025, the company announced June 21. The nuclear power plant has been controversial since starting operations in 1985 because fault lines run under and near the plant. PG&E said in a news release that it has plans to replace Read More →

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Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million

By   /  Friday, June 17th, 2016  /  East Ventura County, Latest news, Tri-County Public Companies  /  No Comments

15345 Rancho Conejo Blvd
Thousand Oaks, CA 91320

Land O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →

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