Citizens Business Bank reports higher net income
CVB Financial and its subsidiary, Citizens Business Bank, saw net income rise for the quarter ended Sept. 30, it announced on Oct. 19. In a news release, the bank reported a net income of $29.7 million or 27 cents per share, an increase from $28.4 million for the second quarter of 2017 and $25.4 million Read More →
Amgen studying genes to target pain conditions
For the next year, Amgen and Boston Children’s Hospital will use genetic analysis to study pain sensitivity. The biotech giant based in Thousand Oaks will work with patients who have abnormal pain conditions, and the hospital will validate genetic markers as potential targets for new therapies, the two announced in a press release on Oct. 16. “Traditional Read More →
Calavo Growers to pay 95 cent dividend to shareholders
Santa Paula avocado distributor Calavo Growers announced Oct. 4 that it would pay a 95 cent dividend to shareholders, for a total of $16.7 million. Shareholders of record as of Nov. 17 will receive the dividend on Dec. 8. The company said in a news release that it was the sixth year that it had Read More →
Mannkind stock soars over new label info for Afrezza
Westlake Village biotech company Mannkind received approval to update the prescribing information for its inhalable insulin product, Afrezza, making it easier to market to customers. The new label information clarifies starting and adjusting mealtime dosages, as well as initial and peak effects, and helps the company avoid confusing language, CEO Michael Castagna said in a Read More →
CalAmp reports revenue decline but net income up
Information technology company CalAmp reported on Sept. 28 a slight drop in revenue for its second quarter but a dramatic increase in net income, bringing in $12.2 million, or 34 cents per share. The company, which has operations in Oxnard, brought in $89.8 million during the quarter, down slightly from $90.5 million in the second Read More →
AeroVironment to supply electrical chargers for BMW, Mini
Car makers BMW and Mini selected AeroVironment to supply its electric vehicle chargers, the company announced Sept. 20. AeroVironment, based in Monrovia with operations in Simi Valley, began shipping its TurboCord charger to BMW in May. The 20-foot cord can plug into any 120-volt outlet or charge at 3.6 kilowatts when using a 240-volt outlet, Read More →
Santa Barbara IT provider Curvature names new CEO
Santa Barbara IT maintenance and network provider Curvature announced that it had named a new CEO, Peter Weber, following its merger with Charlotte, N.C.-based SMS Systems. Weber, formerly of Carpathia, which was acquired by Kansas-based QTS Data Centers in 2015, joined Curvature as executive chairman of its board of directors earlier this year. He also Read More →
