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Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

By   /  Friday, June 20th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.

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Coast National Bank parent raises $6.8M in private placement

By   /  Friday, June 13th, 2014  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Coast National Bank parent raises $6.8M in private placement

Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →

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Ventura startup hopes to bring meals to your door

By   /  Friday, June 13th, 2014  /  Banking & Finance, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura startup hopes to bring meals to your door

FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.

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Vitesse plans $23.2M stock offering

By   /  Thursday, June 12th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Vitesse plans $23.2M stock offering

Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →

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Limoneira operating income jumps 35% on higher lemon prices

By   /  Tuesday, June 10th, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Limoneira operating income jumps 35% on higher lemon prices

Santa Paula-based fruit grower Limoneira Co.’s second-quarter profits fell 16.7 percent to $2 million despite higher revenue and operating income. The earnings decrease was affected by Limoneira’s sale last year of 165,000 shares of Santa Paula-based Calavo Growers, a transaction that netted a $3.1 million gain in the second quarter of 2013. Limoneira’s earnings per Read More →

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Amgen hires former 3M exec as CFO

By   /  Monday, June 9th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen hires former 3M exec as CFO

Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →

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Resonant taps $16.2M for Skyworks deal

By   /  Friday, June 6th, 2014  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Resonant taps $16.2M for Skyworks deal

Santa Barbara-based semiconductor firm Resonant, which has a key development deal with a major supplier to the mobile phone industry, has raised $16.2 million in an initial public offering.

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