Archive for the ‘ Business ’ Category

Los Angeles Times: Blue Shield of California is under new pressure to lower rates

Blue Shield

By Chad Terhune
March 27, 2015

With billions of dollars in reserve, nonprofit insurer Blue Shield of California is facing new pressure to offer better prices for its policies.

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Lou Desmond

Friday, March 27, 2015 – 11:00 a.m.

Tonight on the Lou Desmond & Company Show, Ed Hoffman joins Lou to discuss risk versus reward. What are we willing to take risks for? Also, who has the better scar story, Lou or Ed?

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InlandPolitics: Price tag for newspapers dwindles

The Sun

inland valley daily bulletin

Redlands Daily Facts

Friday, March 27, 2015 – 09:00 a.m.

The price tag for Digital First Media (DFM) is shrinking.

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Reuters

Monday, Mar 23, 2015 – 5:57pm EDT

(Reuters) – The holdout creditor in Stockton, California’s bankruptcy case filed its opening brief in an appeal of the city’s reorganization plan on Monday, claiming “no bondholder has ever received so little in the history of municipal bankruptcy.”

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NFL

By Sam Farmer
March 23, 2015

Even though no teams have announced plans to relocate, and there have been no formal stadium presentations, several influential NFL owners believe a Los Angeles solution is within reach.

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Lou Desmond

Monday, March 23, 2015 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lt. Rich Lawhead, public information officer for the City of San Bernardino Police Department, joins Lou to discuss the disappearance of Sahray Barber. Hundreds of hours went into locating her. Were police intentionally mislead about her condition and whereabouts?

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The Sun: San Bernardino PR contract shot down

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/22/15, 7:11 PM PDT

SAN BERNARDINO >> In a bankrupt city with no shortage of causes of criticism, multiple reasons to say “no” can often overwhelm a single leader or group trying to accomplish something they consider necessary.

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InlandPolitics: As Crude Oil plunges, California gas prices inch downward

Gas Price Watch

Sunday, March 22, 2015 – 10:00 a.m.

California motorists continue to get screwed. Even as Crude Oil prices continue to slide.

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Daily Bulletin: Inland Empire malls see growth as economy improves

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/20/15 – 8:32 PM PDT |

From west to east, as the economy improves, Inland Empire malls and shopping centers are gradually seeing a bit of a resurgence, with once empty spaces being filled, more construction and customers a little more willing to dish out some cash and some credit.

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unemployment down

California unemployment rate falls to 6.7% in February

By Tiffany Hsu
March 20, 2015

California’s labor market continued to gain strength in February as employers in the state added 29,400 workers.

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Lou Desmond

Friday, March 20, 2015

Tonight on the Lou Desmond & Company Show, Lou is joined by Ed Hoffman, president of Wholesale Capital Corporation, to discuss local news and financial news. First, missing San Bernardino Woman Sahray Barber is found safe near Los Angeles. She says she didn’t realize people were looking for her until she watched TV news last night.

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Capital Public Radio

Ben Adler
Wednesday, March 18, 2015 | Sacramento, CA

California employers would be required to pay their employees double for working on Thanksgiving or Christmas under a bill advancing at the state Capitol. The measure passed its
first committee vote Wednesday.

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The Sun: Apollo said to be front-runner to acquire Digital First Media newspapers

Digital First Media

By Pete Carey
Posted: 03/16/15, 2:55 PM PDT |

The giant private equity fund Apollo Global Management is the front-runner in negotiations to buy Digital First Media, publisher of this newspaper, according to reports.

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For Sale

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 03/17/15, 9:43 AM PDT | Updated: 1 min ago

Southern California’s consecutive streak of year-over-year home price increases zeroed in on three years during February while the home sales slide moderated, a market tracker said Tuesday.

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U-T San Diego: Committee grills CPUC on San Onofre

CPUC

By Jeff McDonald
March 16, 2015 – 5:41 p.m.

State lawmakers grilled the new California Public Utilities Commission president Monday, asking why utility customers are being charged billions of dollars for the failure and premature shutdown of the San Onofre nuclear power plant.

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Los Angeles Times: End of refinery strike in sight; gas prices may fall

Refinery Strike

Picketers outside the Tesoro refinery in Carson. The USW union said Thursday it reached a tentative contract with Shell. (Wally Skalij / Los Angeles Times)

By Tiffany Hsu
March 12, 2015

The United Steelworkers reached a tentative contract with Shell Oil Co. on Thursday after more than a month of contentious talks and strikes, union officials said.

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No Sale

By Melody Petersen
March 12, 2015

The founder of Prime Healthcare Services Inc. defended his decision to pull out of a deal to buy six Catholic hospitals, saying critics were wrong to suggest that he placed profit over patients.

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Orange County Register

Freedom sold the Register’s 173,000-square-foot headquarters office for $27 million in September. (Don Bartletti / Los Angeles Times)

By Chris Kirkham
March 10, 2015

When Aaron Kushner bought the Orange County Register and announced his plans to double down on print journalism, media experts asked: Could he save the newspaper industry?

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Prime Healthcare

By Melody Petersen
March 11, 2015

Prime Healthcare Services Inc.’s proposed deal to buy six financially struggling Roman Catholic hospitals has collapsed, raising questions about how the nonprofit chain will keep its doors open.

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InlandPolitics: Crude Oil resumes slide — Inland Empire gas prices don’t

Gas Price Watch

Tuesday, March 10, 2015 – 10:15 a.m.

We’re back on Gas Price Watch.

The price of Crude Oil has resumed its slide. But Inland Empire gas prices haven’t.

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AEG

By Sam Farmer and Nathan Fenno
March 10, 2015

After investing five years and $50 million in an attempt to bring an NFL team back to Los Angeles, AEG is abandoning plans for its Farmers Field football stadium downtown.

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Lou Desmond

Monday, March 9, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, estimable economist Jay Prag joins Lou to discuss what it takes to be a leader in a business setting.

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Barack Obama

President Obama speaks at the White House in Washington on March 1, 2013. (Associated Press)

By Stephen Dinan – The Washington Times
Updated: 11:33 a.m. on Monday, March 9, 2015

Obamacare exchange customers could see a significant spike in their premiums over the next few years as insurers face pressures from both the government and the marketplace, the Congressional Budget Office said Monday in a new analysis finding Obamacare is both cheaper and less comprehensive than predicted.

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InlandPolitics: Logistics industry hurts Inland Empire real estate market

Logistics

The Inland Empire is rapidly becoming the next low-wage warehouse mecca.

Sunday, March 8, 2015 – 12:00 a.m.

We’ve been hearing it for the past few years. All of those great warehouse jobs coming to the Inland Empire, an area with the nation’s highest poverty rate, will be the driver for the local economy.

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InlandPolitics: February jobs number nothing to celebrate

Economy

Saturday, March 7, 2015 – 10:30 a.m.

An estimated 295,000 jobs were created in February, according to the U.S. Department of Labor on Friday.

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Lou Desmond

Friday, March 6, 2015 – 05:30 p.m.

Tonight on The Lou Desmond & Company Show, Ed Hoffman, President of Wholesale Capital Corporation, joins Lou to discuss his business and why he operates in the Inland Empire.

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By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/05/15 – 12:01 AM PST |

ONTARIO >> Development plans for 3 million square feet of industrial space on one of the last big swaths of vacant land in the city — north of the 10 Freeway, near Vineyard Avenue — could bring thousands of jobs and millions of dollars in potential revenue to the city.

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VVDailyPress: Competing staffing agencies spar

VVWRA contract winner iLink demands ICR stop alleged libel, slander

By SHEA JOHNSON
STAFF WRITER
Posted Mar. 5, 2015 at 4:55 PM – Updated at 9:24 PM

VICTORVILLE — The staffing agency that underbid ICR Staffing, Inc. last year for the Upper Narrows Temporary Pipeline project retained a law firm to issue a cease-and-desist letter to ICR and its attorney, accusing them of libel and slander, according to a document obtained by the Daily Press.

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MarketWatch

By Jeffry Bartash, Reporter
March 6, 2015

WASHINGTON (MarketWatch) — The U.S. economy churned out a robust 295,000 jobs in February, reducing the nation’s unemployment rate to the lowest level in almost seven years and extending the best stretch of job creation since the mid-1990s.

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The Lou Desmond & Company Show: Live from Jon’s Flags and Poles

Lou Desmond

Thursday, March 5, 2015 – 05:30 p.m.

Tonight The Lou Desmond & Company Show comes to you live from Jon’s Flags and Poles in Riverside. Jerra, the owner of Jon’s Flags and Poles, joins Lou to discuss her business and service to members of the Military by providing patriotic accessories and flags.

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Gas Prices

Thursday, March 5, 2015 – 10:00 a.m.

The reasoning that oil companies are giving as an excuse to squeeze California Driver’s at the gas pump looks more and more like fantasy.

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Gas Prices

The upswing in gasoline prices in California largely reflects stoppages at oil refineries that account for some 17% of the state’s production capacity. Above, a station in Santa Monica on Saturday. (Jerome Adamstein / Los Angeles Times)

By Tiffany Hsu
March 4, 2015

Idled oil refineries have helped gasoline prices surge about $1 a gallon in California in a month

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The Sun: Arrowhead Country Club in San Bernardino seeking buyer

Arrowhead Country Club

Arrowhead Country Club members play a round of golf at the San Bernardino club on Tuesday. The club is seeking its first new buyers since World War II. (John Valenzuela — Staff Photographer)

By Ryan Hagen, The Sun
Posted: 03/03/15, 7:58 PM PST | Updated: 48 secs ago

SAN BERNARDINO >> Arrowhead Country Club, which drew stars in Hollywood’s Golden Age to golf and still stands as a symbol of luxury in a city fighting a different reputation, is looking for its first new buyer since World War II.

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Crude Oil

(Getty Images)

By Myra P. Saefong, Markets/Commodities Reporter
Carla Mozee, Markets Reporter & Eric Yep
Published: Mar 4, 2015 – 11:25 a.m. ET

SAN FRANCISCO (MarketWatch) — U.S. oil futures fell below $50 a barrel on Wednesday, after a government report showed that crude supplies jumped by more than 10 million barrels in the latest week.

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Port of Los Angeles

The continued strength of the longshoremen’s union was made evident in the recent labor dispute at the ports of Long Beach and Los Angeles. (Irfan Khan / Los Angeles Times)

How longshoremen command $100K salaries in era of globalization and automation
By Chris Kirkham and Andrew Khouri
March 1, 2015

More than 4,400 ships bring nearly $400 billion worth of goods through the ports of Los Angeles and Long Beach every year, a crucial link in the global supply chain of factories, warehouses, docks, highways and rail lines.

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InlandPolitics: Gas price watch

Gas Price Watch

Sunday, March 1, 2015 – 11:00 a.m.

The Inland Empire’s out-of-control climb in gasoline prices added another 10 cents per gallon Saturday.

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The Sentinel: Forum… or Against ‘em

Upland seal

The Sentinel

By Mark Gutglueck
Posted on February 27, 2015

I have received some information on the down-low which indicates that the goings-on, or at least past goings-on, at Upland City Hall are being given a very close examination…

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CPUC

By Marc Lifsher
February 27, 2015

In the months after the deadly 2010 San Bruno gas pipeline explosion, California regulators scrambled to order Pacific Gas & Electric Co. to improve the safety of its aging infrastructure.

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ABC: Gas Prices Soar in California as Supply Shrinks

Gas Prices

A cyclist rides by a sign at a gas station in Los Angeles posting the latest gas prices on Friday, Feb. 27, 2015. Gas prices in California soared overnight as a result of a combination of supply-and-demand factors worsened by the shutdown of two refineries that produce a combined 16 percent of the state’s gasoline. (AP Photo/Nick Ut)

By GILLIAN FLACCUS, Associated Press
LONG BEACH, Calif. — Feb 27, 2015 – 7:00 PM ET

Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.

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InlandPolitics: The experts are shocked?

Finger in Air

Friday, February 27, 2015 – 09: 30 a.m.

The gasoline industry experts say they’re shocked over skyrocketing California gasoline prices.

Even the dealers say they’re dumbfounded.

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Gas Prices

Motorists pump gas at a Mobil gas station after being greeted with a 25-cents-a-gallon price increase in Torrance. February 26, 2015. (Thomas R. Cordova / Staff Photographer)

By Nick Green, Daily Breeze
Posted: 02/26/15, 12:01 AM PST | Updated: 59 secs ago

The explosion at the ExxonMobil refinery is only partly to blame for a surge in gasoline prices that even stunned one gas station operator Thursday.

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InlandPolitics: Gas pump ripoff escalates

Fuel Gas

Thursday, February 26, 2015 – 09:00 a.m.

California gas prices have continued skyrocketing. An unjustified climb that can be blamed on wholesalers and retailers, who are bilking consumers who don’t know any better.

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SJMercuryNews (AP): California’s plastic-bag ban suspended by ballot referendum

Referendum

By Paul Rogers
progers@mercurynews.com
Posted: 02/25/2015 – 06:02:48 AM PST

SACRAMENTO — Setting up a grand environmental showdown, a referendum initiated by the plastic-bag industry to overturn California’s first-in-the-nation law that bans supermarkets and other businesses from handing out single-use plastic bags has qualified for next year’s ballot.

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InlandPolitics: KCET — Airport to nowhere!

Monday, February 23, 2015 – 11:00 p.m.

We missed this little gem, courtesy of KCET-TV.

Eastern San Bernardino County movers and shakers, along with the usually delusional Inland Empire print media, steadfastly refuse to admit that San Bernardino International Airport is an unmitigated $300 million black hole.

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Port of Los Angeles

By Peter Jamison
February 24, 2015

Southern California port officials say it could take up to three months to clear cargo that piled up during a labor dispute that threatened to cripple West Coast commerce.

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Prime Healthcare

By Tracy Seipel
tseipel@mercurynews.com
Posted: 02/24/2015 05:55:02 AM PST
Updated: 02/24/2015 05:55:35 AM PST

SAN JOSE — Take it or leave it. That’s the message to a Southern California for-profit company from Attorney General Kamala Harris who late last week laid out a dozen requirements for Prime Healthcare Services’ $843 million deal to buy six cash-crunched nonprofit hospitals.

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InlandPolitics: California Driver’s get hosed by unjustified hike in gas prices

Gas Nozzle

Monday, February 23, 2015 – 09:00 a.m.

California driver’s are getting burned at the gas pump as usual.

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InlandPolitics: Ontario Airport lawsuit in jeopardy?

question-mark

Sunday, February 22, 2015 – 12:30 p.m.

What a shock!

Los Angeles is seeking to dismiss a lawsuit, brought by Ontario, to wrestle away control of LA/Ontario International Airport.

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Port of Los Angeles

Trucks in San Pedro begin to clear the cargo backlog at the ports of Long Beach and Los Angeles. (Katie Falkenberg / Los Angeles Times)

By Tiffany Hsu, Andrew Khouri and Peter Jamison
February 21, 2015

West Coast ports are emerging from the most contentious labor dispute in more than a decade, but lingering resentment and structural problems may complicate a return to normality.

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LATimes: Shipping lines and dockworkers reach deal; port shutdown averted

Port of Long Beach

Container ships wait offshore to get into the Port of Long Beach on Feb. 11. (Bob Chamberlin / Los Angeles Times)

By Andrew Khouri, Chris Kirkham and Peter Jamison
February 20, 2015

Shipping companies and dockworkers reached a tentative deal late Friday on a new labor contract, avoiding a shutdown of 29 ports that would have choked off trade through the West Coast.

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Prime Healthcare

By Stuart Pfeifer and Javier Panzar
February 20, 2015

California Atty. Gen. Kamala D. Harris on Friday approved the hotly debated sale of a chain of six struggling Catholic hospitals — including two in Los Angeles County — but imposed strict conditions on how they will be managed.

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VVDailyPress: Controversial publisher, land developer Ray Pryke has died

black ribbon

By RENE RAY DE LA CRUZ
STAFF WRITER
Posted Feb. 19, 2015 @ 8:39 pm

HESPERIA — Controversial land developer and newspaper publisher Raymond Pryke has died.

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NFL

The new NFL football stadium proposed by the San Diego Chargers and Oakland Raiders would be built on a 168-acre site at the southwest quadrant of the intersection of the 405 Freeway and Del Amo Boulevard.

By Sam Farmer
February 19, 2015

On the field, the San Diego Chargers and Oakland Raiders have had as bitter a rivalry as any in the NFL but in a sense, they’re now partners.

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UTSanDiego: Utility agency taps $882-an-hour lawyer

CPUC

Regulator is responding to criminal investigations of improper contact

By Jeff McDonald
Feb. 19, 2015 – 4:56 p.m.

The California Public Utilities Commission has hired one of the top criminal defense attorneys in the state to respond to investigations of improper contact between regulators and the utility companies they oversee.

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ExxonMobil

By Larry Altman, Daily Breeze and Nick Green, Daily Breeze
Posted: 02/19/15, 8:10 PM PST |

The day after a massive ExxonMobil refinery explosion rocked Torrance and ripped apart a 12-story pollution-control device at the plant, some members of the community are questioning the company’s response to the emergency.

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walmart-logo

Starting in April, about 500,000 Wal-Mart employees will get a raise to the new level — $1.75 an hour more than the federal minimum wage. (Bob Chamberlin / Los Angeles Times)

By Jim Puzzanghera, Shan Li and Sarah Parvini
February 19, 2015

Wal-Mart’s advertising slogan is “Save money, live better,” but for years the world’s largest retailer has been criticized for not paying its workers enough to do that.

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IRS -1

The Internal Revenue Service and Treasury Department are postponing the enforcement of yet another rule tied to the president’s health care law. (Andrew Harrer/Bloomberg)

By J.D. Harrison
February 19, 2015 at 3:11 PM

One of these days, employers will experience the full effects of Obamacare — but not yet.

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LATimes: Port dispute is felt all along West Coast

Port of Oakland

Shipping volumes at the Port of Oakland plunged 32% in January. That followed a banner year in 2014, when it saw record traffic because of L.A. and Long Beach congestion. Above, containers on a ship at the port. (Justin Sullivan, Getty Images)

By Andrew Khouri and Tiffany Hsu
February 18, 2015

The labor dispute that has stalled dozens of massive ships off the ports of Los Angeles and Long Beach isn’t limited to the nation’s busiest cargo complex.

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The Sun: Businessman, activist Larry Sharp dies at 72

black ribbon

By Ryan Hagen, The Sun
Posted: 02/17/15, 3:04 PM PST

Larry Sharp, an Inland Empire leader who for more than two decades ran the largest credit union in the region, died Monday after a long battle with colon cancer. He was 72.

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LATimes: Southern California home sales down, prices flat

down-arrow

By Tim Logan
February 17, 2015

Southern California’s housing market got off to a slow start for the year in January, with sales down and prices treading water.

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SFChronicle: PG&E e-mails may prove pivotal in probe of regulator

Michael Peevey

Michael Peevey, president of the state Public Utilities Commission listens to the speakers at the California Public Utilities Commission meeting, Thursday January 27, 2011, in San Francisco, Calif. (Photo: Lacy Atkins / The Chronicle / SFC)

By Jaxon Van Derbeken
Monday, February 16, 2015 – Updated 9:07 am

A Pacific Gas and Electric Co. executive exploited former state Public Utilities Commission President Michael Peevey’s intense interest in a Kern County alternative-energy project in making a backroom deal to win favorable treatment for the company, newly released e-mails show.

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Montage Resort
Luxury hotels such as the Montage Laguna Beach that endured the downturn are now thriving, making them appealing targets for investors. The resort sold last month. (Allen J. Schaben / Los Angeles Times)

By Roger Vincent
February 15, 2015

Pampered guests at the five-star Montage Laguna Beach resort can swim in a lap pool overlooking the Pacific, dine on caviar and sleep on goose-down pillows to a lullaby of crashing waves.

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UTSanDiego: Flawed San Onofre project steamed on

San Onofre Steam Generators

Replacement steam generators for San Onofre arrive in Oceanside in 2009. They turned out to be flawed.
The $680 million replacement generators were not subject to formal cost study.

By Jeff McDonald
Feb. 14, 2015 – Updated 4:18 p.m.

Ten years ago, when Southern California Edison wanted to replace the steam generators in its San Onofre nuclear power plant, the state Public Utilities Commission agreed to the plan without a formal review of the $680 million price tag.

Read the rest of this entry »

Prime Healthcare

By Tracy Seipel
tseipel@mercurynews.com
Posted: 02/14/2015 10:03:51 AM PST

Picture an empty hospital. No patients, no medical staff — not a stethoscope in sight.

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SFChronicle: Let he who is without spin cast the first stone

Brian Williams

Anchorman Brian Williams has been suspended for six months. Photo: Monica Schipper / 2014 Getty Images

 

Debra J. Saunders

Opinion
By Debra J. Saunders
Updated 9:00 pm, Wednesday, February 11, 2015

I work on a treadmill of shameless self-promotion. Most mornings, I’ve tweeted before 6 a.m. When I’m not working on my column, I’m often blogging, posting on Facebook, jabbering on the radio (less often on TV), or speaking at a venue like the Commonwealth Club.

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InlandPolitics: Crude Oil falling on higher inventory number

Crude Oil Chart - 021115

Wednesday, February 11, 2015 – 08:45 a.m.

The trip above $53 for a barrel of West Texas Intermediate Crude Oil didn’t last long.

Read the rest of this entry »

SCE

By Shan Li and Matt Morrison
February 10, 2015

Southern California Edison’s plans to lay off hundreds of employees and hire foreign workers instead is coming under attack from lawmakers in Congress and local unions.

Read the rest of this entry »

InlandPolitics: Oil price gouging returns again

Crude OIl

Tuesday, February 10, 2015 – 09:15 a.m.

Oil price gouging returns again.

The price of crude oil, West Texas Intermediate and Brent, has been increasing over the past two weeks.

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The Lou Desmond & Company Show: Inside Washington & the IE

Lou Desmond

Monday, February 9, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Collin Callahan, former intern for Rep. Jeff Denham (R-CA), and economist Jay Pray, join Lou to discuss an array of topics.

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YahooFinance: Is the Unemployment Rate of 5.7 Percent Just a ‘Big Lie’?

The Fiscal Times

The Fiscal Times
By Yuval Rosenberg
February 6, 2015 1:15 PM

The U.S. job market is, to use a technical term, really hot.

January saw non-farm payrolls jump by a better-than-expected 257,000, and data revisions lifted the totals for the prior two months by 147,000 more. Over the last three months, the economy added more than a million jobs, the strongest pace of labor market growth since 1997.

Read the rest of this entry »

Gallup

Wednesday, 04 Feb 2015 – 11:04 PM
By Cathy Burke

The 5.6 percent unemployment rate being trumpeted by the White House, Wall Street and the media is a “big lie,” the head of the Gallup polling firm says.

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B-2 Stealth Bomber

A B-2 stealth bomber is parked at a Northrop Grumman facility in the Antelope Valley. Northrop could build parts of the company’s proposed Long-Range Strike Bomber in Palmdale. (Al Seib / Los Angeles Times)

By Melody Petersen
February 8, 2015

The Pentagon is poised to spend billions to build a new stealth bomber, a top secret project that could bring hundreds of jobs to the wind-swept desert communities in Los Angeles County’s northern reaches.

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LATimes: Best wage growth in six years boosts another strong jobs report

Jobs

By Jim Puzzanghera
February 6, 2015

The economy had another robust month of job growth in January, adding 257,000 net new positions and producing the best wage gains in more than six years, the Labor Department reported Friday.

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InlandPolitics: Another example of warped reality

Sleeping Shades

Friday, February 6, 2015 – 01:00 p.m.

For decades, government failure after government failure has fallen on the Inland Empire.

Local officials for more than twenty-five years couldn’t see San Bernardino’s steady decline in progress. The city’s coffers were plundered to the point where redevelopment funds had to be essentially stolen to support the local governments general fund. When those funds were taken away by Governor Jerry Brown, the city filed for chapter 9 bankruptcy.

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LATimes: Anthem hack raises fears about medical data

AnthemBlueCrossLogo

Hackers have stolen information on tens of millions of Anthem Inc. customers, in a massive data breach that ranks among the largest in corporate history. The information stolen from the insurance giant includes names, birthdays, medical IDs, social security numbers.

By Chad Terhune
February 5, 2015

Insurance giant Anthem Inc. suffered a massive data breach exposing the personal information of up to 80 million Americans — and it could have been even worse for consumers.

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SacBee (AP): West Coast port employers: Shutdown could be 5 days away

Port of Los Angeles

By JUSTIN PRITCHARD Associated Press

02/04/2015 7:01 PM

LOS ANGELES — West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract, the head of a maritime association warned Wednesday in remarks intended to pressure an agreement after nine months of negotiations.

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calpers

CalPERS to receive more than $300 million from federal settlement with S&P

Sacramento-Business-Journal

Feb 3, 2015, 2:40pm PST
Allen Young
Staff Writer- Sacramento Business Journal

California’s giant public pension system said Tuesday it stands to receive $301 million from a settlement with Standard & Poor’s announced earlier in the day by federal and state prosecutors.

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Calpensions: Pension shareholder clout reshapes corporations

Corporate Governance

By Ed Mendel
February 2, 2015

A bitter breakup of a well-known Ohio company, Timken, approved by shareholders in a battle led by CalSTRS and one of its investment funds, Relational, has become a case study as activist shareholders try to squeeze more profit from companies.

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The PE: ECONOMY: ‘This recovery has legs,’ economist says

Chapman University

Growth in jobs and new home construction expected in 2015 in Inland region, Chapman University economist predicts.

Published: Jan. 30, 2015 – Updated: 10:06 p.m.

Consumers are in the best shape since the Great Recession, Chapman University economist Esmael Adibi said.

To read story by Debra Gruszecki in The Press-Enterprise, click here.

The Lou Desmond & Company Show: The Inland Empire Economy

Lou Desmond

Thursday, January 29, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Cliff Cummings, President of Toyota of San Bernardino, joins Lou to discuss happenings in the City of San Bernardino, National School Choice Week and the overall health of the Inland Empire economy.

Read the rest of this entry »

DailyBulletin: ONT airport passenger activity rises in 2014

Ontario International Airport

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/27/15, 12:01 AM PST | Updated: 1 day ago

ONTARIO >> Annual passenger traffic at LA/Ontario International Airport is up for the first time since 2007, according to passenger figures released by Los Angeles World Airports on Tuesday.

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BROOKE SELF
STAFF WRITER
Posted Jan. 28, 2015 @ 7:37 pm
Updated Jan 28, 2015 at 7:42 PM

ADELANTO — Geo Group Inc., a global for-profit prison operator, has decided to vacate plans to construct a 1,050-bed facility in the city, officials said Wednesday.

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federal reserve

By Jim Puzzanghera
January 27, 2015

Federal Reserve policymakers kept their benchmark interest rate near zero and reiterated a plan to be patient about future hikes, even though they issued a more upbeat assessment of the U.S. economy.

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AP: Record iPhone Sales Drive Blowout Quarter for Apple

Apple Inc.

SAN FRANCISCO — Jan 27, 2015, 5:56 PM ET
By BRANDON BAILEY AP Technology Writer
Associated Press

Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season.

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By Jim Puzzanghera
January 27, 2015

The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3% had enough safeguards to make them as safe as loans with higher down payments.

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