J.D. Power sold for $1.1 billion to XIO investment firm
McGraw Hill Financial sold its global market research business J.D. Power to XIO Group for $1.1 billion. The London-based investment firm XIO is known for purchasing North American and European businesses and helping them grow in Asia. J.D. Power employs about 200 workers in Westlake Village and there are no initial signs that the deal Read More →
Read More →Sport Chalet closing down, including 2 tri-county stores
The parent company of sporting goods retailer Sport Chalet recently announced it would be closing all of the chain’s 47 stores, including two in the Tri-Counties. Purchased in 2014 by Connecticut-based Vestis Retail Group, Sport Chalet stores will be closed as part of its Chapter 11 bankruptcy protection filing. Sport Chalet, which was founded in Read More →
Read More →5 tri-county companies get $545,000 in tax credits for creating jobs
Five tri-county companies are among 103 statewide approved for tax credits for creating new jobs by the California Competes Tax Credit committee April 14. The tri-county companies will get a combined $545,560 and the total $70 million awarded will help companies across California create a projected 9,369 jobs and generate over $1.3 billion in investment. Read More →
Read More →Knowing public policy good business
By Loredana Carson As we go about our daily life, laws are being made, bills are being sponsored, government officials are grappling with problems and politicians are building their careers on issues that are of great importance to the business community. Everyone should pay attention to these public policy matters, but business leaders need more Read More →
Read More →Ceres decreases second quarter losses
Ceres Inc. narrowed its losses but revenues were still low during the second quarter. The Thousand Oaks-based ag-biotech company said net losses decreased from $8.01 million in the second quarter of 2015 to $1 million in the second quarter of 2016, the company reported April 14. Losses also fell from $1.34 per share last year Read More →
Read More →Teledyne acquires Quantum Data
Teledyne made its third acquisition in five days when it acquired Elgin, Ill.-based Quantum Data April 13. The Thousand Oaks industrial conglomerate said subsidiary Teledyne LeCroy acquired Quantum Data to build on wireless technology gained from an April 7 acquisition of Charlottesville, Va.-based Frontline Test Equipment. Teledyne is involved in digital imaging, instrumentation, engineered systems Read More →
Read More →Teledyne buys Canada-based CARIS
Thousand Oaks industrial conglomerate Teledyne Technologies acquired Canada-based CARIS on April 8. Teledyne makes products primarily for the digital imaging, instrumentation, engineered systems and aerospace and defense sectors. Founded in 1979, CARIS develops geospatial software for hydrographic and marine uses. Terms of the acquisition were not announced. “By providing data processing, mapping and geospatial imaging Read More →
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