Citizens Business Bank hits new highs in 2022
CVB Financial Corp., the parent company of Citizens Business Bank, reported a net income of $66.2 million for the quarter ending Dec. 31, representing a 38% increase from $47.7 million in the same quarter in 2021. Diluted earnings per share hit 47 cents in the fourth quarter, compared to 35 cents for the same period Read More →
Teledyne caps off strong year with record-breaking fourth quarter
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Diablo Canyon extension process hindered by federal regulators
The plan to extend the life of the Diablo Canyon Power Plant may have been put on hold, pending the filing of a revised application with federal regulators. On Jan. 24, the U.S. Nuclear Regulatory Commission denied a request to renew a review of an operating license application from Pacific Gas & Electric, operators of Read More →
Housing projects in Ventura are well-funded but need to happen quicker
The Housing Trust Fund of Ventura County has made impressive progress over the last year in its move to develop affordable housing units throughout the county. At its annual meeting on Jan. 18, HTFVC described the steps they’ve taken to ensure future housing projects as well as the state of current projects. Alexander Russell, HTFVC’s Read More →
Sientra announces reverse stock split to boost shares
Sientra, a medical aesthetics company focused on breast augmentation, announced on Jan. 20 that its board of directors approved a 1-for-10 reverse stock split of the company’s issued and outstanding common stock. The reverse stock split was effective as of 1 p.m. on Jan. 19 while the company’s common stock began trading on the Nasdaq Read More →
Region’s unemployment rate dips back below 3%
The unemployment rate across all three counties along the Central Coast dipped in the month of December, according to data released on Jan. 20 by the California Employment Development Department. Combined, the tri-county area had an unemployment rate of 2.9% in the month of December, down from 3.2% in the month of November. It is Read More →
Venture capital spending to keep cooling in ’23 amid economic concerns
By Mike Harris, Special to the Business Times This year will be a cautious one for venture capital investors, panelists at a round table discussion in Westlake Village said on Jan. 18. “I think it will be slow and cautious,” said moderator Scott Alderton, managing partner of Los Angeles-based law firm Stubbs, Alderton and Markiles, Read More →
