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Frontier revenue dips but net losses smaller

By   /  Tuesday, October 31st, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Frontier revenue dips but net losses smaller

Frontier Communications saw a slight dip in third quarter revenue but smaller net losses year-over year, the company announced Oct. 31. Revenue reached $2.25 billion, down slightly from the previous quarter and the third quarter of 2016. But the first nine months of the year saw a 6.5 percent increase in revenue over the same Read More →

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Latest

Amgen buying out joint venture Kirin-Amgen for $780 million

By   /  Tuesday, October 31st, 2017  /  Central Coast Health Watch, Latest news, Technology  /  Comments Off on Amgen buying out joint venture Kirin-Amgen for $780 million

Amgen, the biotech giant based in Thousand Oaks, announced that it would buy out joint venture Kirin-Amgen, which was created to develop white blood cell booster Neupogen among other projects, for $780 million. The joint venture holds intellectual property rights for Neupogen, Neulasta, Aranesp, Nplate and brodalumab. In addition to the cash deal, Amgen will Read More →

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Latest

Flir Systems reports third quarter increase in net earnings

By   /  Wednesday, October 25th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Flir Systems reports third quarter increase in net earnings

Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →

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Biotech giant Amgen to pay dividend on Dec. 8

By   /  Tuesday, October 24th, 2017  /  Central Coast Health Watch, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Biotech giant Amgen to pay dividend on Dec. 8

Biotech giant Amgen announced Oct. 24 that it would pay a $1.15 dividend for its fourth quarter of fiscal 2017. Stockholders of record for the Thousand Oaks-based company at the end of day on Nov. 17 will receive the dividend on Dec. 8.

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Latest

Lockheed Martin sales up but net income drops

By   /  Tuesday, October 24th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Lockheed Martin sales up but net income drops

Lockheed Martin, an aerospace and defense contractor with operations in San Luis Obispo, Santa Maria and Goleta, reported a 5 percent increase in net sales but a steep drop in net income for the quarter ended Sept. 24. Sales rose to nearly $12.2 billion, primarily from the aeronautics and space systems segments, but net earnings Read More →

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Latest

Westlake Village biotech company MannKind restructures debt

By   /  Monday, October 23rd, 2017  /  Central Coast Health Watch, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Westlake Village biotech company MannKind restructures debt

MannKind announced Oct. 23 that it had restructured debt due in 2018, exchanging $27.7 million in convertible notes for $23.7 million due in October of 2021 and nearly 1 million shares of its common stock. The new convertible senior subordinated exchange notes have a rate of 5.75 percent, the Westlake Village-based biotech company said in Read More →

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Cal Poly SLO, Amazon team up on digital transformation

By   /  Friday, October 20th, 2017  /  Education, Latest news, Technology  /  Comments Off on Cal Poly SLO, Amazon team up on digital transformation

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