Cheesecake Factory settles SEC complaint that it misled investors
The U.S. Securities and Exchange Commission announced Dec. 4 that it settled charges against The Cheesecake Factory for making misleading disclosures about the impact of COVID-19 on its business. The Calabasas-based restaurant chain made statements in its March 23and April 3 filings that it was operating sustainably. According to the SEC, those filings were materially Read More →
Read More →New state order could close restaurants, other businesses if ICUs fill up
California Gov. Gavin Newsom announced a revised stay-at-home order on Dec. 3 that is tied to each region of the state’s intensive care capacity. In areas where the ICU capacity falls below 15%, a stay-at-home order will be implemented for three weeks. Under this new order, the state is broken into five regions, with Ventura, Read More →
Read More →Semtech reaches record highs after earnings beat
Semtech, a Camarillo semiconductor company specializing in Internet of Things applications, announced earnings on Dec. 2 that beat both the previous quarter and analysts’ estimates. Shares of Semtech were trading at just under $70 my midday on Dec. 3, the highest stock price in the company’s history. The company’s shares are up 23% in the Read More →
Read More →Dive boat captain indicted on 34 manslaughter charges
The captain of the dive boat Conception, which was destroyed last year in a fire in the Santa Barbara Channel that killed 34 people, was indicted Dec. 1 by a federal grand jury on manslaughter charges. Jerry Nehl Boylan, 67, of Santa Barbara, faces 34 charges of “seaman’s manslaughter,” and each charge carries a maximum Read More →
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Changing of the guard: Totten nears final month as Ventura County District Attorney
After 18 years serving as Ventura County District Attorney, Greg Totten will transition to his new post as CEO for the California District Attorneys Association; Cheryl Temple will serve as a temporary replacement
Read More →Amgen joins new cooperative trials for COVID treatment
With COVID-19 continuing to surge across the globe, a coalition of pharmaceutical companies including Thousand Oaks-based Amgen has announced a joint trial for new coronavirus treatments. Amgen, along with Takeda and UCB, are now collaborating to study methods of treatment for patients who are hospitalized due to COVID-19, the three companies announced. The trial enrolled Read More →
Read More →Guitar Center declares debt in the billions
Guitar Center, one of the largest privately owned companies in the region, filed for Chapter 11 bankruptcy Nov. 21.
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