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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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Heritage Oaks regulatory order removed

By   /  Monday, April 23rd, 2012  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks regulatory order removed

Paso Robles-based Heritage Oaks Bancorp has bucked a regulatory consent order placed on it two years ago. The news came on April 23, as the firm reported that it earned $1.6 million in the first quarter, a 204 percent increase over the same quarter a year earlier. The parent company of Heritage Oaks Bank and Read More →

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Eucalyptus raises $30M in venture capital

By   /  Wednesday, April 18th, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on Eucalyptus raises $30M in venture capital

Eucalyptus Systems has raised $30 million in fresh venture capital from the same firm that funded Netflix and Twitter, bringing the Goleta-based cloud computing software company’s total capital raised to date to $55.5 million. Eucalyptus was founded in 2009 by a team of computer scientists led by UC Santa Barbara professor Rich Wolski. It makes Read More →

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