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 →
Read More →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 →
Read More →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 →
Read More →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.
Read More →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 →
Read More →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
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