Camarillo-based chipmaker Semtech Corp. said Jan. 27 that it is slashing 6 percent of its workforce in anticipation of lower demand for its products in the second half of this year.
CEO Mike Sheldon said the company has been aggressively pursuing a “growth through diversification” strategy, adding maintenance services as well as servers and hard drives to its product lineup.
A federal appeals court has upheld an order banning Ventura-based Athena Cosmetics from selling its eyelash-boosting products in California but ruled that the firm can resume selling them in the rest of the nation.
Wes Bush, the CEO of Northrop Grumman, one of the nation’s largest defense contractors, praised Cal Poly San Luis Obispo for its ability to produce work-ready engineers and called on other CEOs to partner with the school and others like it.
Lynda.com founder and executive chair Lynda Weinman put new details behind the explosive growth of her digital education company during remarks at the California Lutheran University Corporate Leaders Breakfast.
The portion of Amgen’s Phase 3 trial of evolocumab that evaluated patients with high cholesterol who cannot tolerate statins has met goals related to percent reduction of low-density lipoprotein cholesterol.
Shares of defense and industrial conglomerate Teledyne Technologies sank 1.6 percent in midday trading on Thursday despite higher sales and profits from the Thousand Oaks-based firm.