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Semtech breaks profit record, buys French wireless firm

By   /  Wednesday, March 7th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Semtech breaks profit record, buys French wireless firm

Chipmaker Semtech beat analysts expectations by two cents a share and set a profit record while continuing its streak of acquisitions on March 7. Semtech broke its year-end records with profits up 23 percent to $89 million on net sales of $480 million, a 5 percent increase that was also a new high for the Read More →

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Calavo Q1 earnings up 16%

By   /  Monday, March 5th, 2012  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Calavo Q1 earnings up 16%

Avocado marketer Calavo Growers reported March 5 that first-quarter profits were up 16 percent to $2.7 million as revenues climbed almost a third to $117.4 million. The Santa Paula-based company said the first-quarter results set the stage for a potentially record-breaking year for the firm, which last year made a major acquisition of Renaissance Food Read More →

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Dole buys natural snack company

By   /  Friday, March 2nd, 2012  /  Latest news, Tri-County Public Companies  /  Comments Off on Dole buys natural snack company

Dole Food Co. has bought Mrs. May’s Naturals, a family-run company that makes natural snacks such as fruit-and-nut bars and freeze-dried fruit. Terms of the deal were not disclosed, but Westlake Village-based Dole said Mrs. May’s had 2011 revenues of about $16 million. Mrs. Mays was founded in 2002 by brothers Augustine and Michael Kim, Read More →

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Teledyne taps energy sector with buyout

By   /  Friday, March 2nd, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Teledyne taps energy sector with buyout

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FCAL to buy Riverside bank, close four branches

By   /  Tuesday, February 28th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on FCAL to buy Riverside bank, close four branches

While announcing plans to buy an Inland Empire bank, First California Bank said Feb. 28 that it will close four branches, including one in Thousand Oaks. First California plans to pay $2 million in an all-stock deal to buy Riverside-based Premier Service Bank. The deal is still subject to regulatory and shareholder approval and is Read More →

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Teledyne buys Canadian firm

By   /  Monday, February 27th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Teledyne buys Canadian firm

Teledyne Technologies said Feb. 27 that it has purchased a Canadian firm that makes electronics products for the oil and gas industry. Teledyne, a Thousand Oaks-based conglomerate of defense and industrial brands, has been rebalancing its portfolio away from defense companies and toward commercial and industrial products as the U.S. cuts defense spending as it Read More →

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In a crunch, State Fund targets small businesses

By   /  Friday, February 24th, 2012  /  Banking & Finance, Small Business, Top Stories  /  Comments Off on In a crunch, State Fund targets small businesses

The State Compensation Insurance Fund, a government-sponsored insurer of last resort that’s hurting for business, has taken its hunt for cash into the courts, suing mom-and-pop contractors and billion-dollar companies alike in the Tri-Counties. The suits appear to be part of a crackdown on collections as the fund prepares to lay off thousands of workers Read More →

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