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Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows

By   /  Friday, August 1st, 2014  /  East Ventura County, Technology, Top Stories, Tri-County Economy  /  No Comments

A scientist works in a lab at Thousand Oaks-based Amgen. (courtesy photo).

  Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that […]

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A deep dive into real estate: Sandpiper slated to close first investment pool

By   /  Friday, August 1st, 2014  /  East Ventura County, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

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OCB Bancorp taps Ortega to open Santa Barbara branch

By   /  Friday, August 1st, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

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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  /  3 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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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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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

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  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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