PennyMac declares dividend of 47 cents per share
Earnings, Latest news, Tri-County Public CompaniesMoorpark-based PennyMac Mortgage Investment Trust declared a cash dividend of 47 cents per common share for the third quarter of 2016, which was in line with the previous quarter. This dividend will be paid on Oct. 27 to common shareholders of record as of Oct. 7. PennyMac is a mortgage real estate investment trust that Read More →
CoastHills Credit Union opens branch in Thousand Oaks
Banking & Finance, Banking Industry, East Ventura County, Latest newsLompoc-based CoastHills Credit Union recently opened its first Ventura County branch at 125 N. Moorpark Road in Thousand Oaks. The 5,000-square-foot “branch of the future” features a virtual banking experience as well as a tech bar that offers tutorials for CoastHill’s digital products. CoastHills completed a renovation of the space that was formerly home to Read More →
Amgen paying Arrowhead for traits to develop cardiovascular drugs
Health Care & Life Science, Latest newsAmgen will license two traits from a Pasadena pharmaceutical company to develop cardiovascular drugs under a partnership announced Sept. 29. Under the agreement, Thousand Oaks-based Amgen will pay Arrowhead Pharmaceuticals $35 million up front, $21.5 million in the form of an equity investment by Amgen in Arrowhead common stock, and up to $617 million in Read More →
Amgen announces positive results for migraine drug
Health Care & Life Science, Latest newsThousand Oaks-based biotech giant Amgen announced positive data from a phase 3 study of a new migraine drug co-developed with competitor Novartis. Amgen said in a news release that, after 12 weeks, Erenumab showed a significant reduction in monthly migraine days in patients with episodic migraines treated with Erenumab compared with a placebo. In the Read More →
CalAmp misses analyst estimates for second quarter
Earnings, Latest news, Tri-County Public CompaniesCalAmp fell short of revenue and earnings per share estimates for the second quarter, the company reported Sept. 29. Net income was $521,000, which was down from $3.4 million in the second quarter of 2015. CalAmp posted revenues of $90.5 million, up from revenues of $69.8 million during the same quarter in 2015 but just Read More →
Brown signs bill lowering blood alcohol content limit for ridesharing service drivers
Latest news, Law & GovermentGov. Jerry Brown signed a bill Sept. 29 that lowers the legally allowed blood alcohol content levels for drivers hired by ride-sharing services. Rep. Katcho Achadjian, D-San Luis Obispo, authored the bill, AB 2687, which says drivers hired by ride sharing services must follow the same blood alcohol content guidelines as commercial drivers. Under current Read More →
Calavo Growers to pay 90 cent dividend per share
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesThe board of directors for Santa Paula-based Calavo Growers announced Sept. 27 that it would pay a 90 cent dividend per share of its common stock. The dividend is payable Dec. 8 to shareholders of record Nov. 17 and amounts to $15.7 million, a 12.5 percent increase over an 80 cent dividend 2015. Calavo stock Read More →
