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Latest

Region gets new SBA leadership as Parker heads to D.C.

By   /  Wednesday, September 23rd, 2020  /  Central Coast, East Ventura County, Latest news, Small Business, South Coast, Tri-County Economy, West Ventura County  /  No Comments

Victor Parker, head of the U.S. Small Business Administration’s Los Angeles District Office, is taking a new post at the agency’s headquarters in Washington, D.C. The LA District, which includes Ventura and Santa Barbara counties, is the largest in the nation in terms of dollar volume of SBA loans. During nine years as district director, Read More →

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Amgen to team with Eli Lilly on COVID treatment

By   /  Friday, September 18th, 2020  /  Banking & Finance, Biotech, Central Coast Health Watch, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

Thousand Oaks biotech giant Amgen announced another strategy to help address the coronavirus pandemic, entering into a manufacturing agreement with Eli Lilly to produce COVID-19 antibodies.  Eli Lilly, based in Indianapolis, has been pursuing several antibody treatments for the virus, the two companies said in a Sept. 17 news release. With access to Amgen’s manufacturing Read More →

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UCSB, Cal Poly, CLU all make top 10 in U.S. News rankings

By   /  Monday, September 14th, 2020  /  Central Coast, East Ventura County, Education, Latest news, South Coast, Tri-County Economy, West Ventura County  /  No Comments

UC Santa Barbara placed No. 30 on U.S. News & World Report’s latest ranking of national universities and sixth among public universities, one of three Central Coast colleges in the top 10 in its category. U.S. News released its annual “Best Colleges” lists for 2021 on Sept. 14, with the six colleges in the Tri-Counties Read More →

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AeroVironment’s revenue up, profit down

By   /  Wednesday, September 9th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

AeroVironment, the Simi Valley-based drone maker, said revenue in its first quarter grew slightly to $87.4 million as the company’s profit fell to 42 cents per share from 71 cents a year earlier. “We are on track to achieve our fiscal year 2021 plans and deliver another year of profitable top line growth, despite the Read More →

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Latest

Amgen to join exclusive Dow Jones club

By   /  Monday, August 24th, 2020  /  Banking & Finance, Biotech, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  No Comments

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Unemployment rate drops in Tri-Counties, still in double digits

By   /  Friday, August 21st, 2020  /  Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Unemployment rate drops in Tri-Counties, still in double digits

Unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties continued to inch downward in July, though all three remained at historically high levels in the fourth month of the coronavirus pandemic. The combined civilian unemployment rate for the tri-county area was 10.7 percent in July, according to a Business Times analysis of data Read More →

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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac’s quarter to remember

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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