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Ryland trims first-quarter loss as home sales pop

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Ryland trims first-quarter loss as home sales pop

National homebuilder Ryland Group narrowed its first-quarter loss to $3 million from $17.4 milllion as orders for new homes jumped 46.6 percent. Ryland’s revenue climbed 28.7 percent year-over-year to $215.9 million as home orders and closings rose in tandem with average closing prices. The company, which last year moved its headquarters to Westlake Village, said Read More →

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PCBC earns $16.6M in Q1

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC earns $16.6M in Q1

Pacific Capital Bancorp turned in profits of $16.6 million in the first quarter of the year, down slightly from the same period a year earlier. The parent of Santa Barbara Bank & Trust said its latest earnings were affected by $1 million in merger-related costs. UnionBanCal Corp., the parent of Union Bank, is acquiring Pacific Read More →

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Amgen to buy Turkish firm in $700M deal

By   /  Wednesday, April 25th, 2012  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen to buy Turkish firm in $700M deal

Thousand Oaks-based Amgen said it will acquire Mustafa Nevzat Pharmaceuticals, a major supplier of pharmaceuticals and injectable medicines in Turkey, in a deal that values the Turkish firm at $700 million. Amgen said that its focus on Turkey and the surrounding region is part of a broad international expansion strategy for the company. Amgen established Read More →

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NiMin Energy to dissolve

By   /  Wednesday, April 25th, 2012  /  Latest news, Tri-County Public Companies  /  Comments Off on NiMin Energy to dissolve

NiMin Energy, a small independent oil and gas firm based in Caprinteria, is selling its Wyoming assets for $98 million and dissolving itself. The company, which is traded on the Toronto Stock Exchange, is also in talks to sell its San Joaquin Valley assets in California. The company said the money will be used to Read More →

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Teledyne’s profits rise in Q1

By   /  Wednesday, April 25th, 2012  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne’s profits rise in Q1

Thousand Oaks-based Teledyne Technologies beat Wall Street’s expectations on April 25 when it reported first-quarter profits of $35.7 million on $494 million in sales. The profits work out to 96 cents a share, well above the 91-cent average estimate of six analysts, according to data from Thomson Reuters. Sales were 5.5 percent above the same Read More →

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Regulators scrutinize Community West

By   /  Tuesday, April 24th, 2012  /  Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Regulators scrutinize Community West

Community West Bancshares faces a new order from regulators that limits its ability to pay out dividends, sell stock or incur new debts without the prior approval of the federal banking overseers. The parent of Community West Bank also agreed with the Federal Reserve Bank of San Francisco on April 23 that the Goleta firm Read More →

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Amgen’s founding CEO dies

By   /  Tuesday, April 24th, 2012  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen’s founding CEO dies

George Rathmann, the founding CEO of Thousand Oaks-based Amgen, has died, the company said April 23. Born in 1927, Rathmann helmed what is now Ventura County’s largest private-sector employer from 1980 to 1988 and was the chairman of the board until 1990. He had been recruited by Bill Bowes, one of Amgen’s founders, to run Read More →

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