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Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

By   /  Tuesday, July 29th, 2014  /  Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies  /  2 Comments

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

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 […]

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Heritage Oaks Q2 profits jump 25%

By   /  Tuesday, July 29th, 2014  /  Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County Economy  /  No Comments

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to […]

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agriculture, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central […]

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Allergan’s South Coast exit reshapes breast implant industry

By   /  Friday, July 25th, 2014  /  Health Care, South Coast, Technology, Top Stories, Tri-County Economy  /  No Comments

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.

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Announcing the 2014 Spirit of Small Business winners

By   /  Friday, July 25th, 2014  /  Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County, Women Inc.  /  No Comments

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

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Keeping Score: Nonprofit business advisers celebrate 50 years

By   /  Friday, July 25th, 2014  /  Central Coast, East Ventura County, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  No Comments


  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the […]

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GoBiz director calls on communities to invest in workforce development

By   /  Thursday, July 24th, 2014  /  Central Coast, South Coast, Top Stories, Tri-County Economy  /  No Comments

GoBiz director Kish Rajan (courtesy photo)

California’s sometimes inward-looking cities need to make economic and business development a key part of their plans. And they will probably have more success if they can think regionally about workforce and business issues. That was the message that Kish Rajan, director of the Governor’s Office of Business & Economic Development, or GoBiz, brought to […]

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