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By Marlize van Romburgh / Friday, June 14th, 2013 / Banking & Finance, Features, Small Business / Comments Off on Water-tight business plan: Wow Gear goes global
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By Staff Report / Tuesday, June 11th, 2013 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Dole CEO offers $1.1 billion to take firm private
Westlake Village-based Dole Food Co.’s stock soared more than 21 percent Tuesday morning as CEO David Murdock made a cash offer of $12 a share for the 60 percent of the company he doesn’t own in a deal valued at $1.1 billion. Dole is one of the biggest producers and importers of fresh fruit and Read More →
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By Marlize van Romburgh / Friday, June 7th, 2013 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on $243M merger comes with fine, branch closures
PacWest Bancorp’s contentious acquisition of First California Bank has closed but the dust hasn’t settled yet on the $243 million merger. As the deal was sealed, the banks announced that federal regulators had ordered First California to pay a $600,000 fine and set up $1.1 million in restitution to more than 64,000 consumers who had Read More →
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By Marlize van Romburgh / Friday, May 31st, 2013 / Banking & Finance, Banking Industry / Comments Off on FCAL ordered to pay fine, set up $1.1M restitution fund for prepaid card users
Westlake Village-based First California Financial Group has agreed to pay a $600,000 fine and set up $1.1 million in restitution to more than 64,000 consumers who used its prepaid debit card products. The announcement from the Federal Deposit Insurance Corp. comes on the day that Los Angeles-based PacWest Bancorp’s $237 million acquisition of First California Read More →
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By Stephen Nellis / Friday, May 24th, 2013 / Banking & Finance, Technology, Top Stories / Comments Off on Jackson bill could change California e-commerce rules
State Sen. Hannah-Beth Jackson, D-Santa Barbara, has introduced a bill that would sharply limit the information that online sellers can gather and keep when customers use a credit card to pay for a transaction. The bill, SB 383, is designed to address the outcome of the California Supreme Court decision earlier this year in Apple Read More →
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By Staff Report / Friday, May 17th, 2013 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Amgen teams up for Chinese joint venture
Thousand Oaks-based biotech giant Amgen has teamed up with a Chinese company for a joint venture to sell its colorectal cancer drug Vectibix there. Zhejiang Beta Pharma will be 51 percent owner of the the new firm, which will be known as Amgen-Beta Pharmaceuticals. The deal is still subject to approval from Chinese authorities. Amgen’s Read More →
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