Ceres faces lawsuit over sale to Land ‘O Lakes
Agribusiness, Energy, Latest newsThousand Oaks-based ag-biotech company Ceres Inc. is facing a lawsuit from shareholders angry about the company’s June 17 sale to Minneapolis-based Land ‘O Lakes. In the lawsuit, which was filed in state court in Los Angeles on July 5, three shareholders allege the company unfairly sold the company to Land ‘O Lakes for $17.6 million. Read More →
Europeans OK Amgen’s Kyprolis for multiple myeloma treatment
Health Care & Life Science, Latest newsEuropean regulators approved Amgen’s potential blockbuster drug Kyprolis on July 4 as a treatment for multiple myeloma. The European Commission approved a treatment of Kyprolis and dexamethasone in patients who’ve received at least one previous multiple myeloma treatment. In November, the commission approved a Kyprolis treatment using lenalidomide and dexamethasone for patients who’ve received at Read More →
LTC Properties announces monthly dividend of 18 cents per share
Earnings, Latest news, Tri-County Public CompaniesWestlake Village-based LTC Properties has declared a monthly cash dividend on its common stock for the third quarter of 2016. The dividend will be 18 cents per common share per month for July, August and September 2016, payable on July 29, Aug. 31 and Sept. 30, 2016, respectively, to stockholders of record on July 21, Read More →
Inphi sells memory product business for $90 million
Latest news, TechnologyInphi sold its memory product business to Rambus for $90 million in cash June 30. The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks. The sale will allow it to focus on its communications business, Inphi said in Read More →
Pennymac declares cash dividend of 47 cents per share
Latest newsPennyMac Mortgage Investment Trust has declared a cash dividend of 47 cents per common share for the second quarter of 2016. This dividend will be paid on July 28 to common shareholders of record as of July 14, 2016. Based in Moorpark, PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests Read More →
Salem Media Group launching news talk station in San Francisco
Latest newsSalem Media Group is launching a news talk station in San Francisco over the July 4th weekend. The 50,000 watt KTRB-AM covers the entire San Francisco area as well as San Jose, Sacramento and Modesto. KTRB will become 860 AM The Answer, the 26th Answer-branded talk station in the Salem family. “We are thrilled and excited Read More →
CalAmp revenues up 39 percent compared to last year
Earnings, Latest news, Tri-County Public CompaniesCalAmp revenues soared during the first quarter of fiscal year 2017 but the company lost $2.7 million as the Oxnard-based wireless parts maker completed its acquisition of LoJack, CalAmp reported June 28. Revenues shot up 39 percent during the quarter from $65.4 million in 2016 to $91.1 million during the same period in fiscal 2017. Read More →
