Ryland revenues soar on higher home sales
By Staff Report / Thursday, April 24th, 2014 / Earnings, Real Estate, Top Stories, Tri-County Public Companies / Comments Off on Ryland revenues soar on higher home sales
First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.
Industrial segments fuel record Q1 profits at Teledyne
By Staff Report / Wednesday, April 23rd, 2014 / Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Industrial segments fuel record Q1 profits at Teledyne
Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.
Amgen shares slide on lackluster Q1 profits
By Staff Report / Tuesday, April 22nd, 2014 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Amgen shares slide on lackluster Q1 profits
Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.
Lawsuit alleges Montecito man sold stocks despite FINRA ban
By Stephen Nellis / Saturday, April 19th, 2014 / Banking & Finance, Personal Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Lawsuit alleges Montecito man sold stocks despite FINRA ban
A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor Read More →
SBAM parent to sell to TIAA-CREF
By Staff Report / Monday, April 14th, 2014 / Banking & Finance, Top Stories / Comments Off on SBAM parent to sell to TIAA-CREF
New York-based TIAA-CREF is buying Nuveen Investments, the debt-saddled parent company of Santa Barbara Asset Management, for $6.3 billion.
Clean Diesel raises $6.9M in stock offering
By Staff Report / Wednesday, April 9th, 2014 / Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Clean Diesel raises $6.9M in stock offering
Clean Diesel Technologies has raised $6.9 million in a sale of common stock and warrants. The Ventura-based auto emissions technology firm said it sold about 2 million shares and warrants in a direct offering. The proceeds will be used for “general corporate purposes.”
Select Staffing to shed debt, relinquish family control in Ch. 11
By Henry Dubroff / Friday, April 4th, 2014 / Banking & Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11
The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.