Dubroff: Zodiac Aerospace acquisition may be good for Central Coast
A deal hatched in France in late January will reshape the future of one of the region’s largest manufacturing enterprises. Zodiac Aerospace’s sprawling Santa Maria operation, which builds fold-down seating for business class for Airbus and Boeing, will get a new owner later this year — at least if regulators approve. Its Paris-based parent company Read More →
Regional economy expected to grow under Trump
The regional economy will continue to rally around the positive momentum stemming from the election of President Donald Trump, Director of the California Economic Forecast Mark Schniepp said Feb. 2. Schniepp expects modest economic growth to continue through 2017. The “Trump bump” may even delay a recession, speakers said at the 2017 Los Angeles County Read More →
PennyMac Financial beats Wall Street’s earnings estimates
Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →
OCB Bancorp reports strong fourth quarter earnings
OCB Bancorp, parent company of Ojai Community Bank and its divisions — Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank – reported net income of $1.28 million in the fourth quarter of 2016, an increase of $361,000 or 39 percent over 2015. Total loans finished the year at $209 million, an Read More →
Amgen beats analyst estimates for fourth quarter revenue
Thousand Oaks-based biotech giant Amgen reported revenue of $6 billion in the fourth quarter of 2016, besting analyst estimates of $5.74 billion and increasing 8 percent from the fourth quarter of 2015. The world’s largest biotech drug maker posted total revenues of $23 billion on the year, up 6 percent from 2015. Revenue gains were Read More →