Profit not a dirty word for businesses
By Gary Wechter I must say I was outraged after reading Steven Mintz’ op-ed, “Minimum wage hike a moral issue,” in the April 8 issue. “Outraged” when at the end of the article I learn that Mintz is a professor in the Orfalea College of Business at Cal Poly San Luis Obispo. I asked Read More →
Resonant raising $6 million in stock offering
Resonant, a Goleta-based manufacturer of technology for the mobile device industry, will raise $6 million in an offering to various institutional and individual investors. The company made the announcement before markets opened April 22. The cash is a lifeline that will allow the late-stage development company to survive a little longer. On March 23, the company Read More →
CSUCI may add engineering program in fall
Retiring CSU Channel Islands President Richard Rush said April 21 an engineering program could be launched at the school this fall. Rush said he hopes to make an official announcement in two weeks. He made the surprise announcement at the CSUCI Business and Technology Partnership Leadership Dinner at the Crowne Plaza Hotel in Ventura. Last Read More →
Net earnings up 47.7 percent at Citizens Business Bank
Ontario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →
CalAmp misses on revenue but hits earnings per share estimates
CalAmp, an Oxnard-based company that makes products for the wireless sector, barely missed revenue estimates but hit earnings per share estimates when it reported fourth quarter 2016 and fiscal year-end earnings April 19. Fourth quarter revenues of $70.8 million barely missed analyst estimates of $71.05 million, according to Yahoo Finance, but that increased from $69.2 Read More →
More tri-county victims added to Ponzi scheme lawsuit
The Santa Barbara law firm Hollister & Brace added more tri-county residents to its Ponzi scheme case in which investors were allegedly bilked out of about $125 million. Joel Gillis and Edward Wishner and their Calabasas-based firm Nationwide Automated Systems Inc. allegedly sold investors on automated teller machines that often didn’t exist. Hollister & Brace’s Read More →
J.D. Power sold for $1.1 billion to XIO investment firm
McGraw Hill Financial sold its global market research business J.D. Power to XIO Group for $1.1 billion. The London-based investment firm XIO is known for purchasing North American and European businesses and helping them grow in Asia. J.D. Power employs about 200 workers in Westlake Village and there are no initial signs that the deal Read More →
