NRG allowed to suspend proceedings on Puente Power Project
The California Energy Commission granted Houston-based NRG Energy’s request to suspend its proceedings on the Oxnard Puente Power Project. The decision gives the company six months to decide whether it wants to move forward with the Puente proposal, during which time regulators and utility Southern California Edison have indicated that they plan to conduct an Read More →
Read More →Food Share makes interim CEO permanent
After a four-month search process, Food Share chose its interim CEO and past board member Monica White to be president and CEO of the organization. Food Share, Ventura County’s regional food bank, serves 74,500 people every month and distributes 11 million pounds of food, or 9 million meals, to residents every year. It is part Read More →
Read More →PennyMac income down 50 percent from previous quarter
Westlake Village-based PennyMac Mortgage Investment Trust reported on Nov. 2 a net investment income of $75.8 million and a net income attributable to common shareholders of $13.3 million for the quarter ended Sept. 30, down 50 percent from the previous quarter. Diluted earnings per common share were 20 cents, a decrease of 49 percent from Read More →
Read More →Thornberg: Slower growing economy doesn’t mean recession near
The eight-year trend of economic growth in California and the Central Coast does not necessarily mean a recession is coming, according to economists who spoke at the Central Coast Economic Forecast on Nov. 3 in San Luis Obispo. A common belief is that the economy has a life cycle that inevitably switches back and forth Read More →
Read More →Deckers counters activist investor in letter to shareholders
Deckers Brands’ board of directors released a letter to shareholders, highlighting improvements to its costs, sales and stock performance and urging shareholders to vote for its nominees over those of activist investor Marcato Capital Management. In the Nov. 2 letter, the Goleta-based footwear and apparel company said it had made headway toward its $100 million Read More →
Read More →Amgen launches second trial for Alzheimer’s product
Amgen and Novartis launched a second trial for a product intended to delay or prevent Alzheimer’s disease, in partnership with the Banner Alzheimer’s Institute. The biotech giant based in Thousand Oaks had previously collaborated on the first study in the Alzhiemer’s Prevention Initiative Generation program, which enrolled participants who had two copies of the apolipoprotein Read More →
Read More →Yardi acquires coworking platform Wun Systems
Goleta real estate management company Yardi Systems announced that it has acquired Wun Systems, a coworking and workspace management platform based in Los Angeles. Wun provides software, hardware and support services for more than 80,000 members, the two companies said in a news release Nov. 1. Its management, engineering and programming team will operate out Read More →
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