Fiduciary rule may get watered down
By Burt Williamson The Department of Labor rule that Jim Wisdom addressed in the July 8-14, 2016 issue of the Pacific Coast Business Times is an attempt by the government to weed out unscrupulous sales people who are only looking to make a commission without concern to the long-term impact on the consumer. That would Read More →
Amgen partnering with Japanese company to develop biosimilars
Thousand Oaks-based biotech giant Amgen said July 13 it will partner with a Japanese company to develop and commercialize biosimilars in Japan. Under the partnership, Amgen will develop and manufacture biosimilars while Daiichi Sankyo will obtain marketing approval, distribution and commercialization rights in Japan for the products. The deal also includes several late-stage development drugs. Read More →
Ventura County man ordered to pay $1 million to 111 victims of investment scam
A Ventura County man who pled guilty to orchestrating a sports products investment scheme was ordered to pay more than $1 million to 111 victims. Gilbert Infante admitted to 13 felony counts of securities fraud and identity theft and was sentenced to eight years in prison, the Ventura County District Attorney’s Office announced on July Read More →
California Lutheran University to launch nonprofit leadership center
Story updated at 11:45 a.m. on July 14: California Lutheran University has tapped a former Ventura County Community Foundation executive to start a nonprofit leadership center that aims to help fill the void created by the VCCF’s Center for Nonprofit Leadership closure. The Thousand Oaks-based university is launching a Center for Nonprofit Leadership in September Read More →
Chumash get House committee OK to annex land, build 143 homes
The Santa Ynez Chumash Indians can move forward with its plans to build 143 houses for its tribal members, per a House Committee on Natural Resources vote on July 13. The committee voted 29-1 to pass HR 1157, which would allow the Chumash to take 1,390 acres in Santa Ynez known as Camp 4 into Read More →
Venoco restructuring approved by bankruptcy court
Venoco’s restructuring plan was approved July 13, enabling it to get out from under $1 billion of debt it incurred following the shutdown of Plains All American Pipeline’s Line 901 after the May 2015 Refugio oil spill. Under the proposal, approved by the U.S. Bankruptcy Court for the District of Delaware, the company expects to Read More →
More residential units approved for Thousand Oaks Boulevard
The Thousand Oaks City Council unanimously approved on July 12 an amendment to a 2011 plan that allows the addition of 206 residential units on Thousand Oaks Boulevard. More than 26 people spoke during about two hours of debate about the amendment and 42 more wrote letters in support. The proposal will allow the development Read More →
