Deckers counters activist investor in letter to shareholders
Earnings, Latest news, Tri-County Public CompaniesDeckers Brands’ board of directors released a letter to shareholders, highlighting improvements to its costs, sales and stock performance and urging shareholders to vote for its nominees over those of activist investor Marcato Capital Management. In the Nov. 2 letter, the Goleta-based footwear and apparel company said it had made headway toward its $100 million Read More →
Amgen launches second trial for Alzheimer’s product
Health Care & Life Science, Latest newsAmgen and Novartis launched a second trial for a product intended to delay or prevent Alzheimer’s disease, in partnership with the Banner Alzheimer’s Institute. The biotech giant based in Thousand Oaks had previously collaborated on the first study in the Alzhiemer’s Prevention Initiative Generation program, which enrolled participants who had two copies of the apolipoprotein Read More →
Yardi acquires coworking platform Wun Systems
Latest news, Real Estate, TechnologyGoleta real estate management company Yardi Systems announced that it has acquired Wun Systems, a coworking and workspace management platform based in Los Angeles. Wun provides software, hardware and support services for more than 80,000 members, the two companies said in a news release Nov. 1. Its management, engineering and programming team will operate out Read More →
PG&E’s net income climbs despite wildfire liability questions
Earnings, Energy, Latest news, Tri-County Public CompaniesDespite questions raised about the company’s liability for the fires in Northern California and a slight drop in operating revenues, net income for Pacific Gas and Electric Co. rose 41 percent for the quarter ended Sept. 30. In an earnings release Nov. 2, the company brought down its full-year earnings guidance, citing the reinstatement of Read More →
Net income rises at Community West Bank
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesCommunity West Bancshares, parent company of Goleta-based Community West Bank, reported a net income of $1.6 million, or 18 cents per diluted share, for the quarter ended Sept 30 — an increase of 4.9 percent from $1.5 million in the third quarter of 2016. The bank’s net interest margin for Q3 2017 was 4.27 percent. Read More →
Increased sales at Teledyne boost net income
Earnings, Latest news, Technology, Tri-County Public CompaniesSales for Thousand Oaks-based Teledyne rose more than 25 percent for the third quarter of 2017, boosting net income up 32.7 percent to $69 million, or $1.90 per diluted share. Aerospace and defense electronics sales rose 7.6 percent for the company, and engineered systems sales increased nearly 10 percent to $73.1 million. Sales in the Read More →
Available retail space on State Street growing
Latest news, Real Estate, Tri-County EconomyThere are twice as many available retail spaces on State Street than there were in 2015 and available retail square footage has almost tripled since 2016, according to speakers at the 10th annual Radius Real Estate and Economic Forecast at the Fess Parker — A Doubletree by Hilton Resort on Nov 1. The event featured Read More →
