April 17, 2024

		

			
				

				   	

				    
				    
				    

					
 

				    

				    				    	
				    

				


			

		

		
		
 
			

				
												


								
								

								
																
								
 | Monday, May 14th, 2012

								
Shareholder threatens to oust board after First California rejects offer

								Banking & Finance, Banking Industry, Top Stories								
An aggressive major shareholder in First California Financial Group has threatened to move to oust the company’s board after the bank rejected a buyout offer from PacWest Bancorp. New York-based Basswood Capital Management, which said in a regulatory filing that it owns 5.2 percent of the common stock of First California, issued the sternly worded Read More →

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Monday, May 14th, 2012

								
Ergomotion pens year’s largest lease in Santa Barbara

								Latest news, Real Estate								
Ergomotion, a company that makes adjustable bed bases, has signed the largest commercial lease in Santa Barbara so far this year. Year-to-date, the 9,656-square-foot lease at 203 Chapala St. is the largest in Santa Barbara in terms of square footage, according to Hayes Commercial Group. The commercial real estate firm brokered both sides of the Read More →

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Friday, May 11th, 2012

								
NiMin reports $1.5M loss

								Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies								
NiMin Energy Corp., the Carpinteria-based oil and gas producer that is disbanding, said it narrowed its first-quarter loss to $1.5 million, compared to a loss of $8.5 million a year ago. The company said in late April that poor stock-price performance prompted it to start dismantling the business and selling its assets. The move came Read More →

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Friday, May 11th, 2012

								
Making change: Penny Revolution’s offbeat economic stimulus plan

								Features, Small Business								
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Wednesday, May 9th, 2012

								
First California rejects PacWest takeover bid

								Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies								
Westlake Village-based First California Financial Group has spurned an unsolicited takeover offer from Los Angeles-based PacWest Bancorp. First California, a $2 billion bank whose profits dropped drastically in the first quarter, is under pressure from three major shareholders to sell itself and has hired an investment banking firm to help evaluate its options. The company Read More →

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Tuesday, May 8th, 2012

								
Vitesse widens loss

								Latest news								
Vitesse Semiconductor Corp., a Camarillo-based company that makes chips for carrier and enterprise networks, reported a second-quarter net loss of $6.2 million, or 25 cents per share on May 8. The generally accepted accounting principles, or GAAP, numbers were lower than the 7 cent per share loss predicted by analysts. On a non-GAAP basis, the Read More →

							

						        

							


							

							


					        

					     

							
					       


					     


												


								
								

								
																
								
 | Tuesday, May 8th, 2012

								
CalAmp signs $25M contract

								Banking & Finance, Latest news, Technology, Tri-County Public Companies								
Oxnard-based wireless products maker CalAmp Corp. has signed a $25 million contract with Navman Wireless for fleet-tracking products. CalAmp said May 7 that under the five-year deal, it has purchased several products and technologies from Navman and set up a research and development center in New Zealand that is staffed by 14 employees brought over Read More →