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By Staff Report / Tuesday, June 26th, 2012 / Agribusiness, Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Limoneira predicts bumper crop
The 2012 season holds the promise of record or near-record crops for citrus and avocado growers in the Tri-Counties. That’s the view from the mid-year update from Limoneira Co., one of the region’s largest producers. Limoneira CEO Harold Edwards said in Santa Paula on June 26 that the company’s expanded lemon operations mean that it Read More →
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By Stephen Nellis / Friday, June 22nd, 2012 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Qualstar brass has early edge in proxy fight
Gold or white? Shareholders in Simi Valley-based tech firm Qualstar Corp. grappled with that question on June 20 as a Florida investor group waged an acrimonious proxy fight. The dissidents, who issued the gold cards, wanted to remove the entire Qualstar board in hopes of shaking loose the cash on its books and reducing executive Read More →
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By Stephen Nellis / Friday, June 15th, 2012 / Banking & Finance, Law & Goverment, Top Stories, Tri-County Public Companies / Comments Off on Amgen case puts class action rules to test
Thousand Oaks-based Amgen is set to argue a case before the U.S. Supreme Court that could make it harder for shareholders to band together and sue publicly traded companies over public comments made by top officials. The court agreed to hear a stock-fraud case this fall between Amgen and Connecticut Retirement Plans and Trust Funds, Read More →
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By Staff Report / Tuesday, June 12th, 2012 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Venoco extends financing deadline for CEO
Venoco has extended CEO Tim Marquez’s deadline to July 20 to disclose how he will finance his effort to take the company private. Marquez’s buyout of the company, which is based in Denver but has about 150 employees in the Tri-Counties, was approved by shareholders on June 5. But at the time of the approval, Read More →
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By Stephen Nellis / Friday, June 8th, 2012 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on Venoco shareholders approve CEO takeover bid
Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →
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By Staff Report / Wednesday, June 6th, 2012 / Banking & Finance, Latest news, Tri-County Economy / Comments Off on City National exec sees slow, steady recovery
Staying the course for now will pay off in the long run, according to City National Bank’s chief investment officer. Bruce Simon, who oversees investment activities for the $24 billion nationwide bank, and economist Chris Thornberg gave mid-year updates at a June 6 forum hosted by City National in Camarillo at the Spanish Hills Country Read More →
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By Staff Report / Tuesday, June 5th, 2012 / Banking & Finance, Tri-County Public Companies / Comments Off on Venoco shareholders approve CEO’s takeover bid
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”05-12-2011″ enddate=”05-06-2012″ width=”300″ height=”245″] [Editor’s Note: Correction appended below.] Venoco shareholders have approved CEO Tim Marquez’s bid to take the company private despite the fact that he has yet to give details on how he would gather the nearly $400 million in financing to close the deal. After the June Read More →
