Net earnings up 47.7 percent at Citizens Business Bank
Ontario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →
CalAmp misses on revenue but hits earnings per share estimates
CalAmp, an Oxnard-based company that makes products for the wireless sector, barely missed revenue estimates but hit earnings per share estimates when it reported fourth quarter 2016 and fiscal year-end earnings April 19. Fourth quarter revenues of $70.8 million barely missed analyst estimates of $71.05 million, according to Yahoo Finance, but that increased from $69.2 Read More →
More tri-county victims added to Ponzi scheme lawsuit
The Santa Barbara law firm Hollister & Brace added more tri-county residents to its Ponzi scheme case in which investors were allegedly bilked out of about $125 million. Joel Gillis and Edward Wishner and their Calabasas-based firm Nationwide Automated Systems Inc. allegedly sold investors on automated teller machines that often didn’t exist. Hollister & Brace’s Read More →
J.D. Power sold for $1.1 billion to XIO investment firm
McGraw Hill Financial sold its global market research business J.D. Power to XIO Group for $1.1 billion. The London-based investment firm XIO is known for purchasing North American and European businesses and helping them grow in Asia. J.D. Power employs about 200 workers in Westlake Village and there are no initial signs that the deal Read More →
Sport Chalet closing down, including 2 tri-county stores
The parent company of sporting goods retailer Sport Chalet recently announced it would be closing all of the chain’s 47 stores, including two in the Tri-Counties. Purchased in 2014 by Connecticut-based Vestis Retail Group, Sport Chalet stores will be closed as part of its Chapter 11 bankruptcy protection filing. Sport Chalet, which was founded in Read More →
Update: General Magnaplate pulling out of Ventura County
General Magnaplate California is closing its Ventura facility, the company announced on April 15. Difficult California business conditions and the settlement of a lawsuit filed by the Environmental Defense Center forced the closure, the company said. General Magnaplate has made reinforced parts used in the aerospace, transportation, medical, oil and other industries for 36 years. “After 36 successful Read More →
Settlement reached over General Magnaplate’s runoff into Santa Clara River
The Environmental Defense Center and Santa Barbara law firm Keller Rohrback reached a settlement with General Magnaplate California to address alleged Clean Water Act violations stemming from storm water runoff generated by its Ventura electroplating facility. General Magnaplate, which has made reinforced parts used in the aerospace, transportation, medical, oil and other industries for more than 30 Read More →
