Heritage Oaks to cut 60 jobs as Mission Community deal closes
By Marlize van Romburgh / Friday, March 7th, 2014 / Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes
With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.
Read More →Amgen to cut 252 jobs
By Staff Report / Thursday, March 6th, 2014 / Top Stories, Tri-County Public Companies / Comments Off on Amgen to cut 252 jobs
Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.
Read More →Semtech meets Street expectations after layoffs
By Stephen Nellis / Wednesday, March 5th, 2014 / Earnings, Technology, Top Stories, Tri-County Public Companies / Comments Off on Semtech meets Street expectations after layoffs
Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.
Read More →LTC earnings jump 14.7%
By Staff Report / Friday, February 21st, 2014 / Banking & Finance, Earnings, Latest news, Real Estate / Comments Off on LTC earnings jump 14.7%
LTC Properties’ fourth-quarter profits jumped 14.7 percent to $13.7 million, or 40 cents per diluted share, it said on Feb. 20.
Read More →Inogen shares stumble after $70.5M initial public offering
By Stephen Nellis / Friday, February 21st, 2014 / Banking & Finance, Central Coast Health Watch, Technology, Top Stories, Tri-County Public Companies / 2 Comments
Shares of Goleta-based Inogen settled into the low $15 range as the Business Times went to press Feb. 19 after the company raised $70.5 million in an initial public offering that priced at $16, the low end of its expected range. In addition to selling shares, the company changed some of the disclosures it made to investors, pointing out its steep reliance on government and private insurance programs for 41 percent of its total revenue in 2012.
Read More →Vitesse makes play for Internet of things in turnaround tactic
By Stephen Nellis / Friday, February 14th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Vitesse makes play for Internet of things in turnaround tactic
Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Read More →Conversant dials down on new ad strategy
By Stephen Nellis / Friday, February 14th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Conversant dials down on new ad strategy
Conversant will align all of its business units — including a new SET Media video unit that it acquired for $26 million in cash and $4 million in stock days after its name change — around the goal of direct conversations between advertisers and consumers.
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