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Power-One docks outlook on Eurozone austerity

By   /  Tuesday, October 11th, 2011  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Power-One docks outlook on Eurozone austerity

Power products company Power-One slashed its third-quarter outlook Oct. 11, causing stocks to sink 3.8 percent in after-hours trading. The Camarillo-based firm cut its outlook for third-quarter sales to the $240 million to $245 million range, down from its previous outlook of $265 million to $280 million. It said power conversion revenue was down about Read More →

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Dole buys blueberry business

By   /  Tuesday, October 11th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole buys blueberry business

Dole Food Co. has purchased a Florida blueberry company, it said Oct. 11. Westlake Village-based Dole, the largest producer of organic bananas in the world and of the biggest players in the fresh fruit and vegetable industry, said it had acquired all of the capital stock of the parent of SunnyRidge Farm. Terms of the Read More →

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Vitesse slashes work force, faces lawsuit

By   /  Friday, October 7th, 2011  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Vitesse slashes work force, faces lawsuit

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Amgen braces for biosimilars rules

By   /  Friday, October 7th, 2011  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen braces for biosimilars rules

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Vitesse slashes workforce, dims sales outlook

By   /  Monday, October 3rd, 2011  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Vitesse slashes workforce, dims sales outlook

Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its workforce and shuttered one of its Camarillo facilities. Vitesse disclosed the pink slips in a regulatory filing Oct. 3. The company said it ended its lease on facilities at 4721 Calle Carga and terminated 10 Read More →

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Ventura County Business Bank acquired

By   /  Monday, September 26th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Ventura County Business Bank acquired

Oxnard-based Ventura County Business Bank has been acquired by Royal Business Bank for an undisclosed amount. Ventura County Business Bank’s two branches, in Oxnard and Westlake Village, officially opened as a subsidiary of Royal Business Bank on Monday, according to a news release, and will continue to operate under their original name until February. For Read More →

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At the helm of Heritage Oaks: New CEO takes charge of region’s third-largest bank

By   /  Friday, September 23rd, 2011  /  Banking & Finance, Banking Industry  /  Comments Off on At the helm of Heritage Oaks: New CEO takes charge of region’s third-largest bank

Simone Lagomarsino, the new president and CEO of Paso Robles-based Heritage Oaks Bank, takes the reins of the region’s third-largest banking firm as it transitions out of the financial crisis.

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