Charges filed in largest retail theft case in Home Depot’s history
Ventura County District Attorney Erik Nasarenko on Aug. 26 announced the filing of felony charges against nine defendants accused of participating in the largest organized retail theft case in Home Depot’s history, a multi-county operation responsible for millions of dollars in losses. “This case demonstrates the scale, scope, and sophistication of organized retail theft,” Nasarenko Read More →
CRE: Bombardier chooses Moorpark for manufacturing facility
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Freedom Designs to shut down Simi location, lay off 70 employees
Freedom Designs, a medical supply store with a location in Simi Valley, will be shuttering its doors by June 1, 2026. In a filing with the state’s Worker Adjustment and Retraining Notification, Freedom Designs said it will be closing its operation at 2241 Madera Rd. on or around June 2026 and laying off 70 employees Read More →
Charge reduced to misdemeanor against CSUCI prof arrested during federal raid
A felony charge has been reduced to a misdemeanor against a CSU Channel Island professor who was arrested during a July 10 immigration raid at Glass House Farms’ cannabis facility in Camarillo. Jonathan Caravello, a lecturer in the university’s math department, was taken into custody for allegedly throwing a tear gas canister at U.S. Border Read More →
MannKind expands pipeline with $350M acquisition
Westlake Village-based MannKind Corporation is expanding its pipeline by acquiring scPharmaceuticals, a Massachusetts-based biotech company that specializes in cardiorenal medicine, for $360 million, or $5.35 per share. Announced before the markets opened Aug. 25, MannKind shares ticked up about 1% in pre-market trading. Shares ultimately settled at $3.90 on Aug. 25, about 3.1% down. Shares Read More →
Chatsworth Products expands manufacturing facility in North Carolina
Simi Valley-based Chatsworth Products is looking to expand its manufacturing capabilities to meet the growing demand for hyperscale, AI-driven, and enterprise data center infrastructure, the company said in an Aug. 19 press release. Part of the company’s plan is to expand its manufacturing facility in New Bern, North Carolina — the first part of a Read More →
CalPrivate Bank appoints former Deckers CEO to board of directors
CalPrivate Bank, based in La Jolla but with an office in Montecito, announced that it has appointed Angel Martinez to its board of directors. Announced Aug. 21, Martinez is the former president and CEO of Goleta-based Deckers Brands from 2005 until 2016. Martinez served on multiple boards of directors for companies from footwear to consumer Read More →
