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Wall Street loves AeroVironment’s latest acquisition

By   /  Friday, January 22nd, 2021  /  Banking & Finance, East Ventura County, Latest news, right, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Wall Street loves AeroVironment’s latest acquisition

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Community Bancorp of Santa Maria reports rising revenue and expenses

By   /  Wednesday, January 20th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community Bancorp of Santa Maria reports rising revenue and expenses

Community Bancorp of Santa Maria saw another quarter of continued growth, buoyed by federal Paycheck Protection Program loans, even as net income fell. The bank’s total income rose 4.3%, but net income fell by more than 19%, going from $2.7 million in December 2019 to $2.2 million in the same month of 2020. Net loans Read More →

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Mission Produce reports earnings drop in first post-IPO filing

By   /  Tuesday, January 19th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Produce reports earnings drop in first post-IPO filing

Revenue and net income took a hit in the fourth quarter of 2020 for Oxnard-based Mission Produce, as the company released its first earnings report on Jan. 19 since its initial public offering in October. Mission Produce reported revenue totaling $206.8 million for the quarter ended Oct. 31, which was an 11% decrease from the Read More →

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Salem Media Group faces new political landscape after Capitol riot

By   /  Thursday, January 14th, 2021  /  Banking & Finance, Latest news, left, Subscriber content, Top Stories, Tri-County Public Companies  /  Comments Off on Salem Media Group faces new political landscape after Capitol riot

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AeroVironment shares take off after $405M drone deal announced

By   /  Thursday, January 14th, 2021  /  Banking & Finance, East Ventura County, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment shares take off after $405M drone deal announced

Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →

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Limoneira’s losses mount as pandemic depresses citrus sales

By   /  Monday, January 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Limoneira’s losses mount as pandemic depresses citrus sales

Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →

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How the region’s publicly traded companies stack up when it comes to women on the board

By   /  Friday, January 8th, 2021  /  Banking & Finance, Latest news, left, Top Stories, Tri-County Public Companies, Women Inc.  /  Comments Off on How the region’s publicly traded companies stack up when it comes to women on the board

The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.

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