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AeroVironment shares take off after $405M drone deal announced

By   /  Thursday, January 14th, 2021  /  Banking & Finance, East Ventura County, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment shares take off after $405M drone deal announced

Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →

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Second round of PPP loans headed to Tri-Counties

By   /  Monday, January 11th, 2021  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Second round of PPP loans headed to Tri-Counties

Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →

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Limoneira’s losses mount as pandemic depresses citrus sales

By   /  Monday, January 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Limoneira’s losses mount as pandemic depresses citrus sales

Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →

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How the region’s publicly traded companies stack up when it comes to women on the board

By   /  Friday, January 8th, 2021  /  Banking & Finance, Latest news, left, Top Stories, Tri-County Public Companies, Women Inc.  /  Comments Off on How the region’s publicly traded companies stack up when it comes to women on the board

The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.

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Region’s companies meet state mandate for women on corporate boards

By   /  Friday, January 8th, 2021  /  Banking & Finance, Latest news, left, Subscriber content, Top Stories, Tri-County Public Companies, Women Inc.  /  Comments Off on Region’s companies meet state mandate for women on corporate boards

Every publicly traded company in the tri-county region has at least one woman on its board of directors, but only half of the 22 companies have enough women directors to meet a state law that takes effect at the start of 2022.

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Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition

By   /  Thursday, January 7th, 2021  /  Banking & Finance, East Ventura County, Latest news, South Coast, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition

For more than a decade, Teledyne Technologies has been attempting to get into the uncooled infrared market. With its acquisition of Flir Systems, announced Jan. 4, the multinational conglomerate based in Thousand Oaks might finally have the perfect opportunity to enter the commercial infrared space with a splash. Teledyne plans to spend approximately $8 billion Read More →

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Teledyne to buy Flir in $8B deal

By   /  Monday, January 4th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne to buy Flir in $8B deal

Teledyne Technologies, a multinational conglomerate based in Thousand Oaks, will spend around $8 billion in cash and stock to buy Flir Systems, a thermal imaging company with a manufacturing and research and development facility in Goleta. The deal was announced early in the morning on Jan. 4, and has been approved by the boards of Read More →

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