Cal Amp stock falls after earnings forecast lowered
Latest news, Tri-County Public CompaniesShares of Oxnard-based Cal Amp, which makes products for the wireless sector, fell March 22 after the company lowered its earnings forecast for its fiscal year fourth quarter, which ended Feb. 29. On March 21, Cal Amp lowered its revenue estimates for the quarter from an estimated range of $73 million to $78 million to Read More →
Study results positive for drug Amgen developing to treat osteoporosis
Health Care & Life Science, Latest newsThousand Oaks-based biotech giant Amgen and Brussels, Belgium-based UCB announced positive results in a Phase 3 trial of romosozumab, an antibody designed to treat osteoporosis. The drug works by inhibiting a protein which results in increased bone formation and decreased bone breakdown. However, the drug is not approved by any regulatory authority for use to Read More →
Haas Automation’s Formula 1 racing team does well in debut
Latest newsOxnard-based Haas Automation’s new Formula 1 racing team had a nice showing in its inaugural race on the open-wheel circuit. French driver Romain Grosjean finished near the front with a surprising sixth place finish in the Australian Grand Prix on March 20. New Formula 1 teams traditionally serve apprenticeships at the back of the pack Read More →
Venoco files for Chapter 11 bankruptcy
Energy, Latest newsVenoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →