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Crop values hit $4.4B as drought parches strawberries

By   /  Wednesday, August 6th, 2014  /  Agribusiness, Central Coast, East Ventura County, Green Coast, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County, Wine & Viticulture  /  Comments Off on Crop values hit $4.4B as drought parches strawberries

Drought conditions sapped 12 percent of the value of strawberry production in Ventura County while wine grapes surged for Santa Barbara and San Luis Obispo counties to help boost the region’s crop values to $4.4 billion, according to reports on last year’s crops.

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Industry group calls Port Hueneme tax proposal ‘misleading’

By   /  Tuesday, August 5th, 2014  /  Latest news, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Industry group calls Port Hueneme tax proposal ‘misleading’

Former Congressman Elton Gallegly, two former Naval Base Ventura County commanders and key players in the shipping industry are lining up to oppose the city of Port Hueneme’s Measure M, which would impose special levies on businesses that operate at the naval base and commercial port.

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Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

By   /  Tuesday, July 29th, 2014  /  Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies  /  3 Comments

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →

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Community West Bank profits fall 19.8 percent

By   /  Friday, July 25th, 2014  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bank profits fall 19.8 percent

Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.

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Teledyne revenues dip as profits, outlook rise

By   /  Friday, July 25th, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne revenues dip as profits, outlook rise

Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.

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New Yorker faces SEC charges over Clean Diesel trades

By   /  Tuesday, July 22nd, 2014  /  Latest news, Law, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on New Yorker faces SEC charges over Clean Diesel trades

A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.

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Allergan to shutter Goleta facility, cut 300 jobs

By   /  Tuesday, July 22nd, 2014  /  Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Allergan to shutter Goleta facility, cut 300 jobs

Allergan will close its Goleta facility and eliminate about 300 positions there as part of a broader cost tightening effort as the Irvine company fends off a hostile takeover attempt. Allergan makes Botox and other cosmetic drugs and devices. The company became a major South Coast employer in 2005 when it bought breast implant maker Read More →

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