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Editorial: Large employers loosen grip on Ventura County

By   /  Friday, August 1st, 2014  /  Editorials, Opinion  /  Comments Off on Editorial: Large employers loosen grip on Ventura County

Half-a-dozen years ago, East Ventura County’s economy was heavily dependent on two very large employers: subprime lending giant Countrywide Financial Corp. and biotech behemoth Amgen.

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PennyMac counts on family, Countrywide ties

By   /  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 →

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Kavli remembered: Physicist employed thousands, gifted millions

By   /  Friday, November 29th, 2013  /  Technology, Top Stories, Tri-County Economy  /  Comments Off on Kavli remembered: Physicist employed thousands, gifted millions

Fred Kavli

Born in Norway, Kavli made his way to the United States after World War II to pursue physics and expand on his lifelong entrepreneurial streak. In the late 1950s, he founded Kavlico Corp., a Moorpark-based maker of advanced sensors for cars and aircraft. He also invested in real estate for more than 50 years.

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Philanthropist Fred Kavli dies at 86

By   /  Friday, November 22nd, 2013  /  Nonprofits, Real Estate, Technology, Top Stories  /  Comments Off on Philanthropist Fred Kavli dies at 86

Fred Kavli, a Norwegian-born entrepreneur, scientist and philanthropist who created thousands of jobs and gave millions for the study of theoretical physics, died at his home in Santa Barbara on Nov. 21. He founded KavliCo Corp., a Moorpark-based maker of advanced sensors for cars and aircraft. He also invested in real estate for more than 50 years.

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Seeing the light: From insurance executive to LED manufacturer

By   /  Friday, July 26th, 2013  /  Features, Small Business, Technology  /  Comments Off on Seeing the light: From insurance executive to LED manufacturer

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Moorpark mints new public company: PennyMac workforce in city reaches 1,000

By   /  Friday, May 17th, 2013  /  Banking & Finance, Banking Industry, Features, Personal Finance, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Moorpark mints new public company: PennyMac workforce in city reaches 1,000

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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PennyMac shares jump 2.6% on second day of trading

By   /  Friday, May 10th, 2013  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac shares jump 2.6% on second day of trading

Shares of PennyMac Financial Services climbed another 2.6 percent the day after they started trading publicly for the first time. The Moorpark-based company, founded in 2008 by former top executives at Countrywide Financial Corp., raised just over $200 million in its initial public offering of stock after opening with a share price of $18.25 on Read More →

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