Citizens Business Bank to pay 107th consecutive quarterly cash dividend
Banking & Finance, Banking Industry, Latest newsCVB Financial Corp., the holding company for Citizens Business Bank, announced a 12 cents per share cash dividend for the second quarter of 2016. The dividend will be payable on or about July 21 to shareholders of record as of July 7. “Our board of directors is pleased to pay our 107th consecutive cash dividend to our shareholders,” said President and CEO Christopher Read More →
700 barrels of oil leak from Ventura pipeline
Latest newsUpdated at 12:30 p.m. June 23: About 700 barrels of crude oil leaked from a pipeline in Ventura on June 23 but Ventura County firefighters were able to stop the oil from reaching the ocean, officials said. The oil belongs to Aera Energy, among other producers, and the pipeline is owned by Crimson Pipeline, which Read More →
Review blasts Ventura County Community Foundation’s fiscal management
Latest news, NonprofitsUpdated on June 22 at 4 p.m.: An independent fiduciary review found that the Ventura County Community Foundation undervalued donor-restricted funds due to improper fund management, VCCF announced on June 22. The seven-month report by auditor KPMG found that the foundation invested permanent funds in money-market accounts, over-allocated interest income to VCCF’s unrestricted funds and charged Read More →
PG&E to close Diablo Canyon Power Plant by 2025
Energy, Latest newsPacific Gas and Electric plans to close the Diablo Canyon Power Plant near Avila Beach by 2025, the company announced June 21. The nuclear power plant has been controversial since starting operations in 1985 because fault lines run under and near the plant. PG&E said in a news release that it has plans to replace Read More →
Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million
East Ventura County, Latest news, Tri-County Public CompaniesLand O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →
2016 Latino Business Awards winners announced
Latest newsThe Business Times is pleased to announce our 2016 class of Latino Business Awards winners. Now in its fifth year, this annual special section published with the June 17 print edition. The award winners will be honored at an evening reception Thursday, July 14 at the Crowne Plaza Ventura Beach hotel. [For tickets, call (805) Read More →
Initiative to help startups at UC campuses included in state budget bill
Higher Education, Latest news, Law & Goverment, TechnologyCalifornia lawmakers included an initiative to help startups at UC campuses throughout California in a $122.5 billion budget passed by the legislature June 15. Assemblywoman Jacqui Irwin, D-Thousand Oaks, proposed the initiative, which will give $2 million every year to each UC campus and the Lawrence Berkeley National Laboratory to start or expand business incubators. Read More →
