Ventura County’s ripe farm loan market drives $15.3M bank deal
By Marlize van Romburgh / Friday, July 25th, 2014 / Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal
Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

A clean start: Emissions firm names new CEO, moves back home
By Stephen Nellis / Friday, July 25th, 2014 / Real Estate, Technology, Top Stories, Tri-County Public Companies / Comments Off on A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologies has a new CEO and an old headquarters.
Deckers shares jump as firm raises full-year outlook on higher Q1 sales
By Staff Report / Thursday, July 24th, 2014 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on Deckers shares jump as firm raises full-year outlook on higher Q1 sales

Shares of Deckers Outdoor Corp. hopped 5.6 percent in after-hours trading on July 24 as the footwear firm reported better-than-expected sales and raised its outlook for the full year. The firm’s loss widened to $37.1 million, or $1.07 per share, compared to a loss of $29.3 million in the same period a year earlier. Read More →
New Yorker faces SEC charges over Clean Diesel trades
By Staff Report / Tuesday, July 22nd, 2014 / Latest news, Law & Goverment, Technology, Tri-County Public Companies, West Ventura County / Comments Off on New Yorker faces SEC charges over Clean Diesel trades
A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.
Allergan to shutter Goleta facility, cut 300 jobs
By Stephen Nellis / Tuesday, July 22nd, 2014 / Earnings, Health Care & Life Science, Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies / Comments Off on Allergan to shutter Goleta facility, cut 300 jobs
Allergan will close its Goleta facility and eliminate about 300 positions there as part of a broader cost tightening effort as the Irvine company fends off a hostile takeover attempt. Allergan makes Botox and other cosmetic drugs and devices. The company became a major South Coast employer in 2005 when it bought breast implant maker Read More →
PennyMac counts on family, Countrywide ties
By Elijah Brumback / Friday, July 18th, 2014 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on PennyMac counts on family, Countrywide ties

PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
Teledyne dives into underwater drone business with Ocean Aero deal
By Stephen Nellis / Friday, July 11th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Teledyne dives into underwater drone business with Ocean Aero deal
While other companies look to the skies for drone business opportunities, Teledyne Technologies is looking to the seas. The Thousand Oaks-based conglomerate has been investing in so-called autonomous underwater vehicles that are used by oceanographers, oil and gas companies and for military missions. On July 2, Teledyne invested in a San Diego company called Ocean Read More →