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By Staff Report / Monday, July 15th, 2013 / Banking & Finance, Earnings, Latest news, Tri-County Public Companies / Comments Off on Ceres loses $9.3M, missing estimates
Thousand Oaks-based agricultural biotech firm Ceres’ third-quarter net loss widened to $9.3 million, or 38 cents per share, on revenue of $1.4 million, it said July 11. The energy crop firm attributed the higher loss to added expenses from expanding business operations in Brazil and higher-than-expected variability in how much fuel its crops can produce. Read More →
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By Stephen Nellis / Friday, July 12th, 2013 / Banking & Finance, Technology, Top Stories / Comments Off on Lastline raises $10M in fresh funding
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By Marlize van Romburgh / Friday, July 5th, 2013 / Banking & Finance, Banking Industry, Law, Top Stories / Comments Off on Ventura County Business Bank investors sue over stock sale, merger
Investors in Ventura County Business Bank, a small commercial lender that was acquired by Royal Business Bank in 2011, are suing its new owners and former executives, alleging fraud and misrepresentation. The plaintiffs — Mark Engle, Paul Turley, Mark Ioele, Ronnie Case, Dennis McCarty, Kuen Sil Park, Holger Blank and Farihan Uwaydah — allege that Read More →
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By Henry Dubroff / Friday, July 5th, 2013 / Banking & Finance, Features, Personal Finance, Top Stories, Tri-County Public Companies / Comments Off on Amgen news kicks off Q3 trading: CalAmp frontrunner in first-half standings
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By Stephen Nellis / Saturday, June 29th, 2013 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Investors wager $37.5M on Vitesse turnaround
[wikichart align=”left” ticker=”VTSS” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The markets gave Camarillo-based Vitesse Semiconductor’s turnaround strategy a vote of confidence June 25 as the company sold out a stock offering that netted it $37.5 million. The company closed an offering of 18.7 million shares at a price of $2.15 each for a gross of Read More →
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By Marlize van Romburgh / Friday, June 21st, 2013 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Credit unions ride membership surge to higher profits, assets
The region’s credit unions, increasingly the go-to financial institutions for consumers, are seeing a broad-based surge in earnings and assets. Out of the the five consumer credit unions based in the Tri-Counties, the largest three saw their earnings jump last year compared to 2011, while all five also saw their assets increase. At Ventura County Read More →
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By Staff Report / Wednesday, June 19th, 2013 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Under pressure to sell itself, Vitesse plans $30M stock offering
Shares of Camarillo-based Vitesse Semiconductor Corp. were down 15 percent to $2.30 in mid-day trading June 19 as the company announced a public stock offering to raise up to $30 million. The move comes as the company faces pressure from Columbia Pacific Advisors, an investment firm that owns nearly 10 percent of Vitesse, to sell Read More →
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