Two men heavily involved with Simi Valley-based Airborne Wireless Network were indicted April 25 for allegedly conspiring to defraud investors in a multi-year scheme involving the acquisition and sale of the company. Kalistratos “Kelly” Kabilafkas, 48, of Moorpark, and Jack Edward Daniels, 74, of Agoura Hills, were both charged with one count of conspiracy and one
San Luis Obispo-based wealth management firm Wacker Wealth Partners has been sold to EP Wealth Advisors for an undisclosed amount. Announced April 2, Wacker Wealth is the largest wealth management firm in San Luis Obispo with more than $1.2 billion in assets under management. This also expands EP's Wealth Advisors California reach into the Central
Goleta-based Inogen saw shares dip nearly 20% in after-hours trading Feb. 27 after the company missed analyst expectations in the fourth quarter and had an overall rough year in fiscal year 2023. Inogen, a maker of portable oxygen containers, announced on Feb. 23 after the markets closed that fourth quarter total revenue was $75.9 million, down
Teledyne FLIR recently won a $48.7 million contract to provide imaging and other equipment for the U.S. Coast Guard. U.S. Coast Guard photo by Petty Officer 2nd Class Henry G. Dunphy. (courtesy photo) Thousand Oaks-based Teledyne has entered into an agreement to purchase Netherlands-based Adimec Holding B.V. for an undisclosed amount, the company announced Feb.
Developmental projects, whether they be for housing or commercial, are expected to continue full steam ahead in 2024 even as many developers and businesses will continue to remain cautious. Building and construction were expected to take a back seat in 2023, as economic headwinds from a regional banking crisis, to overseas issues and even continued