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First California rejects PacWest takeover bid

By   /  Wednesday, May 9th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California rejects PacWest takeover bid

Westlake Village-based First California Financial Group has spurned an unsolicited takeover offer from Los Angeles-based PacWest Bancorp. First California, a $2 billion bank whose profits dropped drastically in the first quarter, is under pressure from three major shareholders to sell itself and has hired an investment banking firm to help evaluate its options. The company Read More →

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CalAmp signs $25M contract

By   /  Tuesday, May 8th, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp signs $25M contract

Oxnard-based wireless products maker CalAmp Corp. has signed a $25 million contract with Navman Wireless for fleet-tracking products. CalAmp said May 7 that under the five-year deal, it has purchased several products and technologies from Navman and set up a research and development center in New Zealand that is staffed by 14 employees brought over Read More →

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LTC earnings jump 122%

By   /  Tuesday, May 8th, 2012  /  Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC earnings jump 122%

[wikichart align=”right” ticker=”NYSE:LTC” showannotations=”true” livequote=”true” startdate=”08-11-2011″ enddate=”08-05-2012″ width=”300″ height=”245″] Real estate investment trust LTC Properties reported $12 million in first-quarter profits, a 122 percent increase over the $5.4 million it earned a year ago. Per diluted share, the Westlake Village-based company earned 40 cents in the most recent quarter, compared to 20 cents in the Read More →

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PacWest tops Umpqua offer with $58.1M deal

By   /  Friday, May 4th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on PacWest tops Umpqua offer with $58.1M deal

PacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender and puts San Luis Obispo County in play as a banking hotspot. The April 30 acquisition offer from PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it Read More →

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Latest

NiMin Energy taps out two years post-IPO

By   /  Friday, May 4th, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on NiMin Energy taps out two years post-IPO

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Power-One predicts European solar revival in Q2

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Earnings, Technology, Tri-County Public Companies  /  Comments Off on Power-One predicts European solar revival in Q2

Signs of a resurgence in its European market prompted Power-One to project better-than-expected second-quarter profits on May 3 even as it said that first-quarter income dropped 84.1 percent to $4.9 million, or 3 cents per diluted share. Net sales were up 8.3 percent to $225.8 million. The company’s renewable energy division contributed $149 million to Read More →

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ValueClick shares drop 22% on Q2 outlook

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on ValueClick shares drop 22% on Q2 outlook

Shares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →

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