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By Staff Report / Monday, April 2nd, 2012 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Amgen, AstraZeneca strike drug development deal
Amgen has entered a development deal with London-based AstraZeneca to jointly commercialize five anti-inflammation drugs. Under the terms of the agreement announced April 2, AstraZeneca will pay a one-time $50 million payment to Amgen and will be responsible for helping the Thousand Oaks-based biotech giant commercialize its inflammation drug pipeline. The firms said in a Read More →
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By Staff Report / Tuesday, March 27th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on Ojai Community Bank out from regulatory order
Ojai Community Bank is out from under a regulatory consent order imposed on it last year and reported a profitable 2011, swinging back from a loss the year earlier. The small Ojai-based bank said March 27 that regulators had lifted a Federal Deposit Insurance Corp. order placed on it on March 31, 2011. The announcement Read More →
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By Marlize van Romburgh / Friday, March 16th, 2012 / Banking & Finance, Banking Industry, Top Stories / 1 Comment
EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “End of an era for SBB&T brand.” A look back at the 52-year history of a company that enjoyed exceptional customer and Read More →
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By Stephen Nellis / Friday, March 16th, 2012 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Sale of SBB&T means end of an era
EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →
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By Stephen Nellis / Friday, March 16th, 2012 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Recession, mergers and the future of finance
EDITOR’S NOTE: This is one part in a three-part package on Union Bank’s acquisition of Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust. Read the other two stories here: “Union deal rattles region’s banks.” A look at the key players in the banking landscape as the largest independent bank in the Read More →
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By Staff Report / Thursday, March 15th, 2012 / Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Public Companies / Comments Off on Dole earnings beat outlook
Fruit producer Dole Food Co. reported an adjusted loss of $2 million, or 2 cents per share, from continuing operations, beating the 12-cent loss predicted by analysts on average. The recent loss compares to a $31 million, or 35 cent per-share, loss a year earlier. CEO David DeLorenzo said strong sales and a cost-reduction program Read More →
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By Staff Report / Thursday, March 15th, 2012 / Banking & Finance, Latest news, Tri-County Economy / Comments Off on Powers: Ventura County keeping close watch on portfolio
Ventura County will closely monitor returns on its investment portfolio to make sure an 8 percent gain is reasonable, county CEO Mike Powers said in a March 15 talk. Speaking in Ventura at the quarterly California Lutheran University Corporate Leaders Breakfast, Powers said that while 8 percent has been a historically accurate return, constant monitoring Read More →
