Clean Diesel chairman resigns, metals industry veteran steps in
Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyShares of Clean Diesel Technologies closed down 5.5 percent on Tuesday, after the company announced that Alexander “Hap” Ellis III had resigned as chairman and that board member Charles Engles had taken over the position. Ellis resigned to focus more time on RockPort Capital, the venture capital firm of which he is a partner, Clean Read More →
Qualstar shares sink on $5.6M loss
Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public CompaniesQualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal Read More →
Auto exports drive record year at Port of Hueneme
Agribusiness, Tri-County Economy, West Ventura CountyThe Port of Hueneme in Ventura County posted its best-ever year for international trade and its second-highest year on record for domestic and global trade combined, it said Sept. 22. Auto exports, up 30 percent year-over-year, led the surge during the port’s 2013-14 fiscal year. Total tonnage moving through the port during the year was Read More →
Watkins: California jobs boom not what it seems
Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura CountyThe Golden State has been outpacing the U.S. in job creation over the last three years, but all is not well. Skyrocketing housing costs mean that with a few exceptions clustered around the tech boom, California’s coastal counties are retirement havens, not entrepreneurship hubs. That’s the view from Bill Watkins, director of the California Economic Read More →
Teledyne to raise $125M in debt sale
Banking & Finance, Banking Industry, East Ventura County, Tri-County EconomyThousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt. The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, Read More →
