By Julian Moore, Special to the Business Times, on July 27, 2012 In August, stock sales by members of Congress and thousands of federal employees will get new scrutiny under the STOCK Act, a law passed in April to combat insider trading among government officials. But a Business Times examination of the timing of the Read More →
Santa Barbara Bank & Trust parent Pacific Capital Bancorp earned $24.1 million, or 73 cents per diluted share, in the second quarter of 2012 compared with $21 million the year before. The company, which is in the process of being bought by Union Bank, said the profits were its highest since Texas-based Ford Financial Group Read More →
Thousand Oaks-based Teledyne Technologies, a defense and industrial conglomerate, reported second-quarter profits of $39.5 million, or $1.06 a share, on July 26, compared with $38.7 million, or $1.04, last year. The company also said it took in $518.5 million in sales compared with $502.9 million for the second quarter of 2011. Sales increased 3.1 percent Read More →
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”25-01-2012″ enddate=”25-07-2012″ width=”300″ height=”245″] Venoco founder Tim Marquez has been given a second extension until Aug. 31 to tell shareholders how he plans to come up with as much as $400 million to take his company private. The Denver-based oil company has large operations on the South Coast and was Read More →
Looking to counter raiding expeditions by high-profile elected officials from outside the state, California is about to embark on a recruiting effort of its own. At a meeting expected to take place Friday in Thousand Oaks, Lt. Gov. Gavin Newsom and Assemblymember Jeff Gorell, a Republican from the 37th District, are expected to announce a Read More →
Fruit and produce distributor Dole Foods Co. earned $66 million, or 74 cents per share, in its second quarter and said that a proposed spin off of its packaged foods business could happen by year’s end. The earnings announced on July 19 were down from $83 million, or 94 cents per share, in the second Read More →
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