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Complaint filed in bid to block Chumash development

By   /  Tuesday, October 24th, 2017  /  Latest news, Law & Goverment, Real Estate  /  Comments Off on Complaint filed in bid to block Chumash development

A complaint has been filed against the County of Santa Barbara to stop it from allowing the Santa Ynez Band of Chumash Indians to develop more than 1,400 acres of agricultural land in the Santa Ynez Valley, which has also been called Camp 4. The complaint outlines an assertion that the county cannot agree to Read More →

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Ventura County economic development plan approved

By   /  Tuesday, October 24th, 2017  /  East Ventura County, Latest news, Tri-County Economy, West Ventura County  /  Comments Off on Ventura County economic development plan approved

Ventura County’s Board of Supervisors has approved the first economic development plan in the history of the county. The board voted 5-0 to approve the countywide “Economic Vitality Strategic Plan” at its board meeting on Oct. 24. Officials said the plan was the product of four public sessions and was designed to “foster economic growth Read More →

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American Riviera Bank assets pass half-billion dollar mark

By   /  Tuesday, October 24th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank assets pass half-billion dollar mark

American Riviera Bank, headquartered in Santa Barbara, had an unaudited net income of $1,383,000, or 31 cents per share, for the third quarter of 2017, the company announced in its earnings report on Oct. 24. The bank reported $518 million in total assets as of the third quarter of 2017. The growth was driven by Read More →

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Third quarter net income rises at Pacific Premier Bank

By   /  Tuesday, October 24th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Third quarter net income rises at Pacific Premier Bank

Pacific Premier Bancorp, parent company of Pacific Premier Bank, had diluted earnings per share of 50 cents for the third quarter of 2017, the company announced its earnings report on Oct. 23. The company said it had net income of $20.2 million for the third quarter of 2017 that reflected an increase of $6.1 million, Read More →

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Biotech giant Amgen to pay dividend on Dec. 8

By   /  Tuesday, October 24th, 2017  /  Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Biotech giant Amgen to pay dividend on Dec. 8

Biotech giant Amgen announced Oct. 24 that it would pay a $1.15 dividend for its fourth quarter of fiscal 2017. Stockholders of record for the Thousand Oaks-based company at the end of day on Nov. 17 will receive the dividend on Dec. 8.

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Lockheed Martin sales up but net income drops

By   /  Tuesday, October 24th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Lockheed Martin sales up but net income drops

Lockheed Martin, an aerospace and defense contractor with operations in San Luis Obispo, Santa Maria and Goleta, reported a 5 percent increase in net sales but a steep drop in net income for the quarter ended Sept. 24. Sales rose to nearly $12.2 billion, primarily from the aeronautics and space systems segments, but net earnings Read More →

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Westlake Village biotech company MannKind restructures debt

By   /  Monday, October 23rd, 2017  /  Health Care & Life Science, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Westlake Village biotech company MannKind restructures debt

MannKind announced Oct. 23 that it had restructured debt due in 2018, exchanging $27.7 million in convertible notes for $23.7 million due in October of 2021 and nearly 1 million shares of its common stock. The new convertible senior subordinated exchange notes have a rate of 5.75 percent, the Westlake Village-based biotech company said in Read More →