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Amgen power handoff comes at critical time

By   /  Friday, May 18th, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen power handoff comes at critical time

Incoming Amgen chief Robert Bradway takes the baton from longtime CEO Kevin Sharer as the world’s largest biotech company makes critical decisions about how it will compete with Big Pharma and biosimilars. Amgen, the Tri-Counties’ only blue-chip stock and the largest employer in the region with more than 6,000 employees, will install Bradway, a former Read More →

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ValueClick powers up video advertising platform

By   /  Friday, May 18th, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on ValueClick powers up video advertising platform

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CKE to go public again in $100M offering

By   /  Thursday, May 17th, 2012  /  Banking & Finance, Latest news  /  Comments Off on CKE to go public again in $100M offering

Less than two years after a $1 billion buyout by Apollo Management, CKE Restaurants, the Carpinteria-based parent of burger chains Carl’s Jr. and Hardees, is preparing to go public again in a $100 million offering. The company said in a brief statement on May 17 that it had filed regulatory papers with the U.S. Securities Read More →

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Shareholder threatens to oust board after First California rejects offer

By   /  Monday, May 14th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Shareholder threatens to oust board after First California rejects offer

An aggressive major shareholder in First California Financial Group has threatened to move to oust the company’s board after the bank rejected a buyout offer from PacWest Bancorp. New York-based Basswood Capital Management, which said in a regulatory filing that it owns 5.2 percent of the common stock of First California, issued the sternly worded Read More →

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NiMin reports $1.5M loss

By   /  Friday, May 11th, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on NiMin reports $1.5M loss

NiMin Energy Corp., the Carpinteria-based oil and gas producer that is disbanding, said it narrowed its first-quarter loss to $1.5 million, compared to a loss of $8.5 million a year ago. The company said in late April that poor stock-price performance prompted it to start dismantling the business and selling its assets. The move came Read More →

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Spurned bid for First California sets off battle of the banks

By   /  Friday, May 11th, 2012  /  Banking & Finance, Banking Industry  /  Comments Off on Spurned bid for First California sets off battle of the banks

Westlake Village-based First California Bank has rejected an unsolicited all-stock takeover offer from Los Angeles-based PacWest Bancorp at $7.25 a share, 32 percent higher than First California’s recent trading price. For its part, PacWest has signaled publicly that it now wants to enlist the energy of disgruntled First California shareholders to help push through a Read More →

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First California rejects PacWest takeover bid

By   /  Wednesday, May 9th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California rejects PacWest takeover bid

Westlake Village-based First California Financial Group has spurned an unsolicited takeover offer from Los Angeles-based PacWest Bancorp. First California, a $2 billion bank whose profits dropped drastically in the first quarter, is under pressure from three major shareholders to sell itself and has hired an investment banking firm to help evaluate its options. The company Read More →

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