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Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million

By   /  Friday, June 17th, 2016  /  East Ventura County, Latest news, Tri-County Public Companies  /  Comments Off on Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million

Land O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →

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$130 million investment one of region’s biggest deals

By   /  Friday, June 17th, 2016  /  left, Technology, Tri-County Public Companies  /  Comments Off on $130 million investment one of region’s biggest deals

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Santa Barbara’s QAD announces dividend

By   /  Thursday, June 16th, 2016  /  Latest news, Tri-County Public Companies  /  Comments Off on Santa Barbara’s QAD announces dividend

Santa Barbara cloud software manufacturer QAD announced a dividend of .072 cents per share of Class A common stock June 15. The company also said it would pay .06 cents per share of Class B common stock. Both dividends will be paid to investors who are shareholders on July 7. QAD announced the dividend after Read More →

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American Riviera Bank expands into former home of Bank of Santa Barbara

By   /  Monday, June 13th, 2016  /  Banking & Finance, Latest news, Real Estate  /  Comments Off on American Riviera Bank expands into former home of Bank of Santa Barbara

Santa Barbara-based American Riviera Bank expanded its residential lending department into new office space at 18 E. Figueroa St. in downtown Santa Barbara, President and CEO Jeff DeVine announced on June 13. The space was formerly home to the Bank of Santa Barbara, which was acquired in January by American Riviera in an all-stock deal Read More →

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SEC warns firms about using non-GAAP numbers

By   /  Friday, June 10th, 2016  /  Earnings, Latest news  /  Comments Off on SEC warns firms about using non-GAAP numbers

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Policy normalization must continue

By   /  Friday, June 10th, 2016  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Policy normalization must continue

By Dan E. Hamilton Since 2008, the Federal Reserve has been engaged in an unprecedented experiment, one without any economic theory to recommend it. Its policies are internally inconsistent. Some work to restrict credit. Others ease credit. The 2007 failure of New Century Financial, a leading subprime lender, did not derail the economy. However, when Read More →

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Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year

By   /  Thursday, June 9th, 2016  /  Agribusiness, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year

Santa Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →

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