Bloomberg: Amgen targeted in lawmakers’ probe
Latest news, TechnologyThousand Oaks-based Amgen is among a handful of drugmakers being probed for more information about a deal it reached with the Obama administration to support the health care overhaul Democrats passed in 2010, according to Bloomberg News. The news agency reported on May 4 that a group of Republicans on the House Energy and Commerce Read More →
Power-One predicts European solar revival in Q2
Banking & Finance, Earnings, Technology, Tri-County Public CompaniesSigns of a resurgence in its European market prompted Power-One to project better-than-expected second-quarter profits on May 3 even as it said that first-quarter income dropped 84.1 percent to $4.9 million, or 3 cents per diluted share. Net sales were up 8.3 percent to $225.8 million. The company’s renewable energy division contributed $149 million to Read More →
ValueClick shares drop 22% on Q2 outlook
Banking & Finance, Earnings, Latest news, Technology, Tri-County Public CompaniesShares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →
Dole reports low Q1 revenue, possible spin-off
Latest newsRevenue is down at Westlake Village-based Dole Food Co., leading executives to consider spinning off one of its produce businesses to help shareholder value bounce back, the company said in a May 3 earnings report. The fruit and vegetable giant reported revenue of $1.6 billion for the first quarter of 2012, a 4 percent drop Read More →
American Perspective reports $462K in profits ahead of PacWest deal
Banking & Finance, Banking Industry, Latest newsAmerican Perspective Bank, the San Luis Obispo-based lender being pursued by PacWest Bancorp, reported first-quarter profits of $462,000, about the same as it earned in the same period a year earlier. American Perspective is being purchased by Los Angeles-based PacWest, parent of Pacific Western Bank, in a $58.1 million deal announced April 30. The offer Read More →
$58.1M PacWest offer puts American Perspective in bidding war
Banking & Finance, Banking IndustryPacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender. The April 30 acquisition offer from Los Angeles-based PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it would buy American Perspective for $44.7 million in cash, or Read More →
Community West earned $819K in Q1
Banking & Finance, Banking Industry, Latest newsFirst-quarter profits at Community West Bancshares were up 38 percent to $819,000, the Goleta-based banking company said April 30. The parent of Community West Bank is under regulatory orders from the Federal Reserve Bank of San Francisco and Office of the Comptroller of the Currency that limit its ability to pay out dividends, sell stock Read More →
