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Montecito Bank & Trust
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Amgen profits hit $5B, beat expectations

By   /  Tuesday, January 28th, 2014  /  Earnings, East Ventura County, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen profits hit $5B, beat expectations

The biotech company recorded earnings per share of $7.60, well above the $7.46 expected by a survey of 27 analysts by Thomson Reuters.

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Semtech to cut jobs

By   /  Monday, January 27th, 2014  /  Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Semtech to cut jobs

Camarillo-based chipmaker Semtech Corp. said Jan. 27 that it is slashing 6 percent of its workforce in anticipation of lower demand for its products in the second half of this year.

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Ceres files for $20M offering

By   /  Friday, January 24th, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Green Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Ceres files for $20M offering

The Thousand Oaks-based firm said it would like to use the proceeds from the public offering to expand its Brazilian operations, participate in collaborations and break into new markets.

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Teledyne shares dip despite jump in Q4 profits

By   /  Thursday, January 23rd, 2014  /  Earnings, East Ventura County, Latest news, Technology  /  Comments Off on Teledyne shares dip despite jump in Q4 profits

Shares of defense and industrial conglomerate Teledyne Technologies sank 1.6 percent in midday trading on Thursday despite higher sales and profits from the Thousand Oaks-based firm.

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Amgen enters into deals for colon cancer, IBD treatments

By   /  Friday, January 17th, 2014  /  Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen enters into deals for colon cancer, IBD treatments

Thousand Oaks-based Amgen has entered into two new collaborations, one involving treatment for colon cancer and another regarding therapies for inflammatory bowel disease.

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Heritage Oaks CFO resigns

By   /  Tuesday, January 14th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories  /  Comments Off on Heritage Oaks CFO resigns

Mark Olson has resigned from his position as chief financial officer and executive vice president at Paso Robles-based Heritage Oaks Bancorp, tied as the largest bank based in the region with about $1.2 billion in assets.

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Salem makes $8.5M buy in bid to build conservative media empire

By   /  Monday, January 13th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Salem makes $8.5M buy in bid to build conservative media empire

Camarillo-based Christian and conservative media company Salem Communications Corp. said Jan. 13 that it has purchased the assets of Eagle Publishing for $8.5 million in a bid to build “a conservative media powerhouse.”

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