Amgen stops bleeding – shares jump
Shares of Thousand Oaks-based Amgen continued to rise July 29, climbing $2.67, or 4.4 percent. Amgen’s stock price began climbing after its top executives raised the 2008 earnings forecast at its quarterly earnings call, which occurred after the markets closed July 28. Before the call, Amgen had performed strongly July 28, even as the Dow Read More →
Read More →Spirit award winners make key social contributions
When Nobel Prize winner Muhammad Yunus of Grameen Bank spoke in Santa Barbara earlier this spring, I must confess I was puzzled about his message. He talked about turning traditional banking upside down and creating a new form of business, a so-called “social business” that did not exist just to make a profit. But the Read More →
Read More →Schwarzenegger buys time while California builders raise dough
Gov. Arnold Schwarzenegger signed legislation July 15 extending the expiration for subdivision maps, giving developers a chance to wait for the housing slump to pick up before embarking on major projects. The struggling residential market, the governor’s office reported, is making it tough for builders to secure financing. In an effort to save developers from Read More →
Read More →Independent moves up in media industry
Two years ago this month, the journalistic eyes of California turned to the South Coast where the Santa Barbara News-Press melted like an ice cream cone in the summer sun. Top editors quit or were fired. Reporters and columnists fled the News-Press as if the building was on fire. Some reporters wore tape over their Read More →
Read More →American Principle reports
San Luis Obispo-based American Principle Bank, which opened in October, reported July 21 financial results for the six months ended June 30. It lost $309,000 during the second quarter of 2008, compared to a loss of $499,000 during its first quarter of the year. The second quarter loss was primarily because of $349,000 in Read More →
Read More →United Online finances
Woodland Hills-based United Online, a provider of consumer Internet and media services, announced July 17 it has received a commitment from Silicon Valley Bank to provide a $60 million senior secured term loan facility to be used by United Online to fund a portion of the cash merger consideration for its acquisition of FTD Group. Read More →
Read More →ValueClick announces
Westlake Village-based ValueClick on July 17 announced preliminary results for the second quarter ended June 30, expecting revenue between $163 and $164 million, compared to its prior guidance range of $166 million to $170 million; adjusted-EBITDA between $43 million and $43.5 million, compared to its prior guidance range of $40 million to $42 million; and Read More →
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