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Montecito Bank & Trust
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Goleta will allow Venoco to transport oil using trucks

By   /  Wednesday, August 19th, 2015  /  Energy, Latest news, Tri-County Public Companies  /  Comments Off on Goleta will allow Venoco to transport oil using trucks

The city of Goleta issued a notice of decision to Venoco on Aug. 17 that denied an emergency permit application to transport oil using trucks but deemed the work consistent under the existing Ellwood Onshore Facility operating permit and Safety, Inspection, Maintenance and Quality Assurance Plan. Venoco will evacuate crude oil from tanks and pipelines Read More →

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Amgen agrees to pay $71 million over false marketing of 2 drugs

By   /  Tuesday, August 18th, 2015  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen agrees to pay $71 million over false marketing of 2 drugs

Thousand Oaks-based Amgen agreed to pay $71 million in a settlement with California, 47 other states and the District of Columbia because the biotech giant unlawfully promoted two drugs. According to a news release Aug. 18 from California Attorney General Kamala Harris, Amgen unlawfully promoted biologic medications Enbrel and Aranesp by “promoting Aranesp for dosing Read More →

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Haggen closing 4 stores in Tri-Counties

By   /  Friday, August 14th, 2015  /  Latest news, Tri-County Public Companies  /  Comments Off on Haggen closing 4 stores in Tri-Counties

Four Haggen grocery stores are closing in the Tri-Counties, the company announced Aug. 14. Two stores in Simi Valley, one in Newbury Park and another in Los Osos will close in 60 days. The stores will continue to operate in the meantime, according to the news release. “Haggen’s goal going forward is to ensure a Read More →

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Appfolio doing well even as it loses more money

By   /  Friday, August 14th, 2015  /  Earnings, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Appfolio doing well even as it loses more money

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Latest

Camarillo-based Interlink Electronics reports increased revenues

By   /  Thursday, August 13th, 2015  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Camarillo-based Interlink Electronics reports increased revenues

Camarillo-based Interlink Electronics, a tech company that focuses on manufacturing sensors that are used in portable electronic devices, saw revenues increase by 6 percent from $2.7 million during the second quarter last year to $2.8 million this year. Interlink posted earnings of 8 cents per share, an improvement of 1 cent from the same quarter Read More →

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Thousand Oaks’ Ceres sees stock price spike after patent approved

By   /  Wednesday, August 12th, 2015  /  Latest news, Tri-County Public Companies  /  Comments Off on Thousand Oaks’ Ceres sees stock price spike after patent approved

Ceres, a Thousand Oaks based agriculture-biotechnology company, saw shares spike 373 percent Wednesday after the company received a patent for its iCODE multi-gene trait development system. Ceres shares started the day at just 95 cents per share, and soared all the way to $4.80 when the markets opened at 6:30 a.m. PST. Ceres closed the Read More →

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Revenues down but Thousand Oaks-based Teledyne beats estimates

By   /  Monday, August 10th, 2015  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Revenues down but Thousand Oaks-based Teledyne beats estimates

Thousand Oaks-based Teledyne Technologies beat analyst estimates when it reported second-quarter earnings on July 30 but the company still saw a sharp decline in net income. Teledyne posted earnings of $1.34 per share, barely beating analyst estimates of $1.33 per share. Second-quarter revenues were down by 3.2 percent from the second-quarter of 2014, from $597.1 Read More →