Power-One docks outlook on Eurozone austerity
Power products company Power-One slashed its third-quarter outlook Oct. 11, causing stocks to sink 3.8 percent in after-hours trading. The Camarillo-based firm cut its outlook for third-quarter sales to the $240 million to $245 million range, down from its previous outlook of $265 million to $280 million. It said power conversion revenue was down about Read More →
Dole buys blueberry business
Dole Food Co. has purchased a Florida blueberry company, it said Oct. 11. Westlake Village-based Dole, the largest producer of organic bananas in the world and of the biggest players in the fresh fruit and vegetable industry, said it had acquired all of the capital stock of the parent of SunnyRidge Farm. Terms of the Read More →
Vitesse slashes work force, faces lawsuit
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Amgen braces for biosimilars rules
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Vitesse slashes workforce, dims sales outlook
Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its workforce and shuttered one of its Camarillo facilities. Vitesse disclosed the pink slips in a regulatory filing Oct. 3. The company said it ended its lease on facilities at 4721 Calle Carga and terminated 10 Read More →
French firm plucks Dole division
Dole Food Co. said Sept. 20 that it was selling its ripening and distribution businesses in Spain and Portugal, known as Dole Spain, to the Compagnie Fruitière Group. Terms of the sale, expected to close in November, were not disclosed. Westlake Village-based Dole holds a non-controlling 40 percent stake in Compagnie Fruitière. The other 60 Read More →
Court rebuffs bank on Estate Financial payout
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