Vasquez: Navy’s pivot to Pacific benefits Ventura County
An additional 700 military personnel will come to Naval Base Ventura County to operate a unit of the Navy’s first large drone system, the base commander told a gathering of business leaders in Thousand Oaks on Thursday. Capt. Lawrence Vasquez talked about the economic impact of the naval base at a Corporate Leaders Breakfast at Read More →
Dole reports Q1 loss after spinning off packaged food business
Dole Food Co. reported a first-quarter loss of $65.6 million, largely due to its packaged foods operations, which have since been discontinued and sold to a Japanese firm for $1.7 billion in cash. The Westlake Village-based produce giant sold its global packaged foods and Asia fresh produce businesses to Itochu Corp. in a deal that Read More →
Camarillo blaze forces home evacuations; CSUCI class cancellations
Hundreds of homes in Ventura County are being evacuated after a massive brush fire ignited early Thursday morning near the 101 freeway in Camarillo. Fire authorities have ordered evacuations for neighborhoods in Camarillo and Newbury Park and nearby areas after the so-called Springs Fire erupted at around 6:30 a.m. on May 2 and quickly consumed Read More →
Former Energy Secretary calls for manufacturing renaissance
In his first speech since stepping down as U.S. Secretary of Energy in late April, Steven Chu said American needs to actually produce the things it invents or risk losing competitiveness on the global stage. Speaking at the 2013 Summit on Energy Efficiency in Santa Barbara, he pressed scientists from UC Santa Barbara and elsewhere Read More →
PennyMac prices IPO at $17 to $19
Moorpark-based PennyMac Financial Services has priced its initial public offering of stock at $17 to $19 per share, indicating plans to raise as much as $211.1 million in its launch on the New York Stock Exchange. PennyMac, headed by former Countrywide Financial Corp. President Stanford Kurland, employs more than 600 people in Moorpark and more Read More →
K-Swiss sale to Korean firm closes
E.Land World Limited of Korea closed its $170 million buyout of Westlake Village-based athletic shoe company K-Swiss on April 30, after shareholders of the footwear company overwhelmingly approved the merger. Under the terms of the sale, K-Swiss shareholders will receive $4.75 per share in cash, marking the high point of the company’s 52-week stock price Read More →
Local Market Launch raises $1.5M
Santa Barbara-based Local Market Launch, a firm that helps small businesses create and maintain an online presence, has raised $1.5 million in venture capital, bringing its total raised to date to $2.7 million. The company was founded last year by Brian Coryat, the founder of digital advertising firm ValueClick. The funding came from Santa Barbara-based Read More →
