Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
Paul Orfalea, the founder of Kinko’s and a major presence on the South Coast business and philanthropic scenes, is suing his cousin over $27.8 million in allegedly unpaid loans to a development company the two co-founded. Orfalea and cousin Gary Safady founded Beverly Hills-based O&S Holdings in 1992. Its projects in the Tri-Counties include Zodo’s Bowling Read More →
Teledyne is selling its small-aircraft engine business for $186 million to a Chinese company.
Thousand Oaks-based Amgen said Oct. 25 that third-quarter earnings fell 14 percent to $1.3 billion as revenue flatlined. Amgen is the world’s biggest biotech company and the largest private employer in the Tri-Counties. It reported adjusted earnings per share of $1.36, a decrease of 9 percent compared to the same quarter last year. Total revenue Read More →
Thousand Oaks-based Teledyne Technologies has won a $25.5 million federal contract for technology that would guide a single .50-caliber bullet to a faraway moving target in high winds. Teledyne Scientific & Imaging, a Teledyne subsidiary, announced the award on Oct. 14. It comes from the Defense Advanced Research Projects Agency, or DARPA, the arm of Read More →