Crimson, contractor will pay $1.6M to settle claims over 2016 Ventura oil spill
The companies responsible for a 2016 oil spill in the Ventura foothills will pay the state and county $1.6 million in a legal settlement announced July 21. Crimson Pipeline agreed to pay $1.3 million in civil penalties and costs, according to a news release from Ventura County District Attorney Greg Totten’s office. Crimson’s contractor, CD Read More →
Read More →Sierra Bancorp Q2 earnings down
Sierra Bancorp, a Porterville-based banking company with 11 branches in the Tri-Counties, announced July 20 that its quarterly earnings were slightly down compared to the same period in 2019, led by a lower consolidated net income and lower return on both average assets and average equity. The parent company of Bank of the Sierra declared Read More →
Read More →June unemployment drops in region, still historically high
Unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties all dropped in June, but all three remained in double digits, and worse than the nadir of the Great Recession a decade ago, according to data released July 17 by the California Employment Development Department. Ventura County’s unemployment rate was 12.6 percent in June, Read More →
Read More →Amgen puts $421M into BeiGene
Thousand Oaks biotech giant Amgen has upped its investment in Chinese oncology research firm BeiGene by $421 million. Amgen’s new investment, announced July 13, will allow the company maintain its ownership interest in BeiGene at 20.3 percent following a direct offering by the Chinese firm. Amgen shares rose more than 1 percent following the news Read More →
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Movegreen makes LA, Orange County acquisitions
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Read More →Mindbody’s Stollmeyer to be executive chair of the board
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Read More →Several tri-county companies got at least $5M in PPP funding
At least a dozen companies in the Tri-Counties received more than $5 million each in Paycheck Protection Program funding since the start of the COVID-19 pandemic, according to data released July 6 by the Trump administration. The companies’ names were listed because of the size of the loans they took out. All companies who took Read More →
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