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Montecito Bank & Trust
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Amgen CEO to step down

By   /  Thursday, December 15th, 2011  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen CEO to step down

Kevin Sharer, chairman and CEO of Amgen, is set to retire in May, the Thousand Oaks-based company said on Dec. 15. Current president and chief operating officer Robert Bradway will become the company’s new CEO. Sharer led Amgen, the largest private-sector employer in Ventura County, for 11 years. He oversaw the company’s transition from the Read More →

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Amgen wraps up buyback auction

By   /  Thursday, December 8th, 2011  /  Latest news, Tri-County Public Companies  /  Comments Off on Amgen wraps up buyback auction

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”08-06-2011″ enddate=”08-12-2011″ width=”300″ height=”245″] Amgen, based in Thousand Oaks, expects to repurchase 9.6 percent of its outstanding shares at a price of $60 per share after asking shareholders to name their price in a buyback auction. The biotech giant and major Ventura County employer said Dec. 8 it had completed Read More →

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Venoco, state tangle over oil royalties

By   /  Friday, December 2nd, 2011  /  Top Stories, Tri-County Public Companies  /  Comments Off on Venoco, state tangle over oil royalties

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”02-06-2011″ enddate=”02-12-2011″ width=”300″ height=”245″] Venoco faces allegations from the State Lands Commission that it underpaid the state $9.5 million for the oil pumped from Platform Holly off the Goleta coast. The claims came in a lawsuit filed Nov. 16 by the State Lands Commission in Santa Barbara Superior Court. It Read More →

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Lenco Mobile proposes $42M merger deal

By   /  Friday, December 2nd, 2011  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Lenco Mobile proposes $42M merger deal

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Credit unions bank on consumer backlash

By   /  Friday, December 2nd, 2011  /  Banking & Finance, Banking Industry, Personal Finance, Top Stories  /  1 Comment

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Semtech’s earnings rise

By   /  Wednesday, November 30th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Semtech’s earnings rise

[wikichart align=”right” ticker=”NASDAQ:SMTC” showannotations=”true” livequote=”true” startdate=”30-05-2011″ enddate=”30-11-2011″ width=”300″ height=”245″] Camarillo-based Semtech, a chip design firm, posted 67 percent increase in quarterly earnings on a slight increase in sales for the most recent quarter. Semtech, which is in its 2012 fiscal year, said third quarter net income came to $27 million, compared with $16.1 million a Read More →

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Amgen kicks off debt offering

By   /  Wednesday, November 30th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Amgen kicks off debt offering

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”30-05-2011″ enddate=”30-11-2011″ width=”300″ height=”245″] Amgen has priced more than $1 billion in debt offerings as it loads up on cash for its massive stock buyback and dividend program. The company said it had priced $550 million of senior notes due 2018 and an additional $475 million in senior notes due Read More →