Venoco restructuring approved by bankruptcy court
Venoco’s restructuring plan was approved July 13, enabling it to get out from under $1 billion of debt it incurred following the shutdown of Plains All American Pipeline’s Line 901 after the May 2015 Refugio oil spill. Under the proposal, approved by the U.S. Bankruptcy Court for the District of Delaware, the company expects to Read More →
More residential units approved for Thousand Oaks Boulevard
The Thousand Oaks City Council unanimously approved on July 12 an amendment to a 2011 plan that allows the addition of 206 residential units on Thousand Oaks Boulevard. More than 26 people spoke during about two hours of debate about the amendment and 42 more wrote letters in support. The proposal will allow the development Read More →
Thousand Oaks names interim city manager
The Thousand Oaks City Council chose Assistant City Manager Andrew Powers to be interim city manager July 12. Former City Manager Scott Mitnick was fired July 7 after using his work email address to solicit donations for his sons’ high school baseball team. The council voted 5-0 to put Powers in charge while a search is conducted for a Read More →
FDA panel recommends Amgen biosimilar drug for approval
A Food and Drug Administration panel recommended an Amgen biosimilar drug for approval July 12, just days after it said the biosimilar performed like a drug it mimicked. ABP 501, made by Thousand Oaks biotech giant Amgen, replicates the effects of Humira, which is approved to treat nine conditions including rheumatoid arthritis, skin disorders and Read More →
Museum of Ventura County CEO leaving to run Make-A-Wish Tri-Counties
Museum of Ventura County CEO Pattie Mullins announced July 11 that she has accepted the position of CEO at Make-A-Wish Tri-Counties. Describing herself as a “serial volunteer” and a lifelong learner, Mullins owned her own home-based business prior to joining the museum in April of 2015. She has previously worked with the Girl Scouts of Read More →
Bank of the Sierra completes acquisition of Coast National Bank
Sierra Bancorp, holding company of Bank of the Sierra, has completed its acquisition of Coast Bancorp of San Luis Obispo County. Coast Bancorp shareholders received approximately $13.5 million — $3.3 million in cash and the balance in Sierra Bancorp stock. Coast Bancorp’s wholly-owned subsidiary, Coast National Bank, was merged into Sierra Bancorp’s wholly-owned subsidiary, Bank Read More →
Brownley, Capps object to time limit for comment on importing citrus from Argentina
The public comment period on a U.S. Department of Agriculture proposal to allow the importation of citrus from Argentina was extended July 11, but members of Congress continued to express dissatisfaction with the time restrictions for analysis. On May 10, the USDA Animal and Plant Health Inspection Service published its proposed new rule with a Read More →
