CLU economists see opportunity in Ventura County’s struggles
Ventura County was already in an economically vulnerable place when the pandemic hit, according to the latest report from California Lutheran University’s Center for Economic Research and Forecasting. CLU CERF presented its research and findings in a live webcast on Nov. 5, focusing on where the county has been, where it is now and where Read More →
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Ventura County voters say yes to cannabis in early returns
Preliminary election results looks like Ventura County has been given the green light for cannabis production.
Read More →LTC earnings drop as pandemic hurts rent income
LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →
Read More →Marvell to buy Inphi in $8B semiconductor deal
Marvell Technology Group, a major semiconductor company, announced Oct. 29 it will acquire Inphi, a competitor based in Santa Clara with significant operations in Thousand Oaks, in a cash and stock deal worth about $8 billion. Under the agreement, Marvell will pay Inphi shareholders $66 for each share of Inphi stock, along with 2.323 shares Read More →
Read More →Amgen beats expectations in Q3 earnings report
Amgen, one of the biggest biopharmaceutical companies in the world, continued to see growth in the third quarter of 2020, despite the COVID-19 pandemic. The Thousand Oaks-based company saw total revenue of $6.4 billion for the quarter, up 12 percent from the third quarter of 2019. Earnings per share increased 5 percent to $3.43. Both Read More →
Read More →Ventura County hit with lawsuits over General Plan
More than half a dozen groups have sued Ventura County in response to the county’s recently adopted 2040 General Plan. The plan went into effect Oct. 15, 30 days after it was passed by the Ventura County Board of Supervisors. Several of the groups that filed suit against the county are oil and energy interests Read More →
Read More →Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
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