Editorial: Soaring worker’s comp costs threaten California
Increased costs are once again choking the California worker’s compensation system. That’s the conclusion reached by the Worker’s Compensation Action Network, a broadly based coalition of business and government groups fighting to keep employers from seeing their costs spiral out of control. The coalition includes the California Chamber, National Federation of Independent Business and a Read More →
Amgen Q2 earnings up 8 percent
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-01-2012″ enddate=”26-07-2012″ width=”300″ height=”245″] Amgen’s earnings beat market expectations in the second quarter and rose 8.2 percent, the Thousand Oaks-based biotech giant said in a July 26 report. The company reported a profit of $1.27 billion, or $1.61 a share, up from $1.17 billion, or $1.25 a share, a year Read More →
Teledyne profits, sales up
Thousand Oaks-based Teledyne Technologies, a defense and industrial conglomerate, reported second-quarter profits of $39.5 million, or $1.06 a share, on July 26, compared with $38.7 million, or $1.04, last year. The company also said it took in $518.5 million in sales compared with $502.9 million for the second quarter of 2011. Sales increased 3.1 percent Read More →
Walmart plans two new Santa Maria stores
Walmart said on July 25 that it plans to open two of its smaller Neighborhood Market grocery stores in Santa Maria on South Blosser Road and South Bradley Road, the latest in a string of expansions in the Tri-Counties. The Blosser Road location will serve Santa Maria residents near the intersection with Boone Street. The Read More →
Venoco chief gets more time to find $400M
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”25-01-2012″ enddate=”25-07-2012″ width=”300″ height=”245″] Venoco founder Tim Marquez has been given a second extension until Aug. 31 to tell shareholders how he plans to come up with as much as $400 million to take his company private. The Denver-based oil company has large operations on the South Coast and was Read More →
Twin Cities Community Hospital names new CEO
Twin Cities Community Hospital in Templeton has appointed Mark Lisa as its new CEO. As the new leader of the 122-bed acute care hospital, Lisa, whose first official day on the job is July 23, will oversee clinical, operation and clinical activities. “Mark is a seasoned healthcare executive with a proven track record of strong Read More →
