Lumps of coal for employers’ holiday stockings
By Jonathan Light There is great uncertainty about whether proposed federal wage and hour laws are going to be implemented in 2017, but there are plenty of other things to worry about on the employment law front in California. Regardless of the federal implementation, we won’t see much federal effect in California. Here are just Read More →
PennyMac changes roles of several executives
PennyMac Mortgage Investment Trust in Westlake Village on Dec. 13 announced changes in the roles of several executive officers in conjunction with organizational changes announced by PennyMac Financial Services. Stanford L. Kurland, currently chairman and CEO, will assume the role of executive chairman. David A. Spector, currently executive managing director, president and chief operating officer, Read More →
Heritage Oaks Bancorp merging with Pacific Premier
Story updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →
Chumash bill to annex land stalls, to be reintroduced
The federal legislation that would’ve expanded the Santa Ynez Band of Chumash Indians’ reservation did not move through Congress, but the tribe plans to submit a similar bill in the next session. The tribe aims to build 143 houses for its tribal members on 1,390 acres in Santa Ynez known as Camp 4. Yet, Congress Read More →
QAD software streamlines Yamaha Motor’s data analysis
Manufacturing software provider QAD announced Yamaha Motor Manufacturing Corporation USA as a customer Dec. 7, using its Cloud QMS software at its Newnan, Georgia facility. The recreational and all-terrain vehicle manufacturer deployed the software for purchasing and data analysis, reducing time on requests information, Wayne Pierce, senior division manager of purchasing for YMMC, said in Read More →
Inphi completes acquisition of ClariPhy Communications
Inphi’s acquisition of ClariPhy Communications, valued at $277 million in addition to the assumption of some liabilities, was completed Dec. 12. The deal, announced Nov. 1, gives the semiconductor producer with operations in Westlake Village access to products that are complimentary to its own, providing high-performance but low-power platforms for its customers, President and CEO Read More →
Teledyne acquires e2v Technologies
Thousand Oaks-based Teledyne Technologies acquired the British high performance image sensor manufacturer e2v Technologies in an all-cash deal, the companies announced on Dec. 12. Under the terms of the deal, e2v’s ordinary shareholders will receive 275 pence in cash for each e2v share valuing the ordinary share capital of e2v at approximately 620 million British Read More →
