Menu
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  'Westlake Village'  -  Page 61
Latest

Dole sells canned food business to Itochu for $1.7B

By   /  Tuesday, September 18th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole sells canned food business to Itochu for $1.7B

Produce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →

Read More →
Latest

Fardad draws $40M card in digital ad game

By   /  Friday, September 14th, 2012  /  Banking & Finance, Technology, Top Stories  /  Comments Off on Fardad draws $40M card in digital ad game

Farshad Fardad has raised $60 million and used $40 million of it to buy a Canadian firm in a bid to build a digital marketing conglomerate big enough to compete with the likes of ValueClick and the region’s other top names. Fardad is CEO of Westlake Village-based GlobalWide Media, founded in 2007. In May, the Read More →

Read More →
Latest

Dole nears deal with Itochu

By   /  Thursday, September 13th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole nears deal with Itochu

Westlake Village-based Dole Food Co. is closing in on a deal to sell its processed food business and Asian fresh fruit and vegetable businesses to a Japanese trading house. In an unusual move, Dole confirmed market rumors on Sept. 12 that it is in “advanced negotiations” with Itochu Corp. to sell the business units. Reuters Read More →

Read More →
Latest

K-Swiss profits fall as sales down 32%

By   /  Thursday, August 2nd, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on K-Swiss profits fall as sales down 32%

Athletic shoemaker K-Swiss stumbled into another large loss in the second quarter as its worldwide sales plummeted by almost one-third. The Westlake Village-based company reported an $11.6 million loss, compared to a loss of $20 million in the same quarter a year earlier. Worldwide revenue fell 31.5 percent to $44.8 million during the quarter. U.S. Read More →

Read More →
Latest

Dole profits slip, spin off looms

By   /  Thursday, July 19th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Dole profits slip, spin off looms

Fruit and produce distributor Dole Foods Co. earned $66 million, or 74 cents per share, in its second quarter and said that a proposed spin off of its packaged foods business could happen by year’s end. The earnings announced on July 19 were down from $83 million, or 94 cents per share, in the second Read More →

Read More →
Latest

First California faces more shareholder dissent

By   /  Tuesday, May 29th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California faces more shareholder dissent

Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →

Read More →
Latest

Underperforming stock price prompts Dole to put asset sales on menu

By   /  Friday, May 18th, 2012  /  Agribusiness, Banking & Finance, Earnings, Features, Tri-County Public Companies  /  Comments Off on Underperforming stock price prompts Dole to put asset sales on menu

By staff and wire reports on May 18, 2012 A strategic review going on at Dole Food Co. could lead to a major overhaul and asset sales at the one of the biggest companies headquartered in the Westlake Village-Thousand Oaks corporate corridor. Amid disappointing results, Dole shares have struggled to get to double-digits, a thorn Read More →

Read More →