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By Henry Dubroff / Friday, October 30th, 2015 / Columns, Latest news / Comments Off on Dubroff: Obama administration’s anti-trust efforts failing in Tri-Counties
Monopoly is a fun game — as long as you’re the winner. And so it is in the actual game of business, where monopoly has become the all-too-frequent outcome of mergers and acquisitions. It happened just a few months ago in the grocery business. Office supplies and pharmacies could be next. The grocery saga is Read More →
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By Staff Report / Thursday, October 29th, 2015 / Banking & Finance, Banking Industry, Earnings, Latest news / Comments Off on Heritage Oaks Bancorp increases third quarter earnings
Paso Robles-based Heritage Oaks Bancorp reported $4 million in net income, or 12 cents per share, for the third quarter of 2015. That was up from $3.4 million, or 10 cents per share, recorded in the third quarter of last year. Loans grew 4.8 percent, or $55.2 million, to $1.21 billion in the third quarter Read More →
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By Staff Report / Thursday, October 29th, 2015 / Latest news, Real Estate, South Coast, Top Stories, Tourism / Comments Off on New managers to renovate Paseo Nuevo shopping center
New managers of the Paseo Nuevo Shops & Restaurants in downtown Santa Barbara plan to renovate the open-air shopping center. El Segundo-based Pacific Retail Capital Partners and New York-based Silverpeak Real Estate Partners announced on Oct. 29 a joint venture with Paseo’s owner, J.P. Morgan Asset Management. Los Angeles-based BMW Realty Advisors, led by co-founder Read More →
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By Staff Report / Thursday, October 29th, 2015 / Earnings, Latest news, Technology, Tri-County Public Companies / Comments Off on Teledyne sales dropped in third quarter
Sales slumped once again for Teledyne Technologies in the third quarter. The Thousand Oaks-based industrial conglomerate said it saw sales decline for the third straight quarter when it released third quarter earnings on Oct. 29. Sales fell 7.6 percent from $601.1 million during the third quarter of 2014 to $555.4 million this year. Because of Read More →
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By Staff Report / Thursday, October 29th, 2015 / Earnings, Latest news, Tri-County Public Companies / Comments Off on Deckers Outdoor beats Wall Street expectations
Deckers Outdoor nearly hit Wall Street expectations on the nose with second quarter earnings released by the company Oct. 29. Sales jumped 1.4 percent during the second quarter from $480.3 million last year to $ 486.9 million for the Goleta-based manufacturer of outdoor footwear apparel and accessories. Analysts expected revenues of about $486.8 million. Deckers Read More →
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By Staff Report / Wednesday, October 28th, 2015 / Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies / Comments Off on Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger
American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →
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By Philip Joens / Wednesday, October 28th, 2015 / Health Care & Life Science, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Amgen’s third quarter earnings beat Wall Street expectations
Thousand Oaks biotech giant Amgen blew Wall Street away when it released third quarter earnings on Oct. 28. Amgen beat analyst revenue estimates by posting revenues of $5.72 billion, compared to the $5.23 billion analysts expected. That’s up from about $5 billion during last year’s third quarter. Net income increased to $1.86 billion during the Read More →
