Archive for the ‘ Business ’ Category

LATimes: U.S. economy shows solid growth, but it’s about to be tested

Economy

Consumer spending, which accounts for about two-thirds of U.S. economic activity, increased at a modest annual rate of 1.8% in the third quarter.

By Don Lee
October 30, 2014

The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.

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DailyBulletin: Economic Conference: Education key to Inland Empire growth

Inland Empire

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/29/14, 5:01 PM PDT | Updated: 4 mins ago

ONTARIO >> While the Inland Empire economy continues on the upswing, the growth of high-paying jobs and quality firms continues to be hindered by educational attainment levels.

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federal reserve

By Jim Puzzanghera
October 29, 2014

Federal Reserve policymakers voted Wednesday to end the central bank’s controversial bond-buying stimulus program, determining the economy is strong enough to remove the unprecedented support.

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WSJ (AP): Caremark to Charge Extra Co-Pay at Pharmacies Selling Cigarettes

CVS Caremark Logo

By Ed Silverman
Associated Press
October 20, 2014

Last month, CVS Health {CVS +0.83%} purged its 7,700 pharmacies of tobacco products in a gambit to embrace a commitment to improving public health and generate goodwill. But the move comes with a price – an estimated $2 billion in annual sales will be sacrificed.

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The Sun: Business leaders optimistic at Inland Empire economic conference

UCR

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/23/14, 9:17 PM PDT |

RIVERSIDE >> Optimism about the regional and national economy was abundant at the 2014 Riverside/San Bernardino Economic Forecast Conference hosted Thursday by Los Angeles-based Beacon Economics and the UC Riverside School of Business Administration.

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interest_rates

By E. Scott Reckard
October 23, 2014

The lowest mortgage rates of the year sank a bit lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed loans at an average of 3.92%, down from 3.97% a week ago.

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LATimes: Strong growth is forecast for Inland Empire

Inland Empire

By Chris Kirkham
October 23, 2014

It was among the nation’s hardest-hit local economies during the Great Recession, beset by staggering numbers of foreclosures and one of the highest jobless rates in California.

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LATimes: Business economists report solid but slowing growth in third quarter

NABE

By Jim Puzzanghera
October 20, 2014

Business economists reported solid but slowing growth at their companies over the summer as gauges of sales, hiring and profit margins fell slightly from the second quarter, according to survey results released Monday.

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NYTimes: For Aaron Kushner, a Difficult Foray Into Newspapers

Freedom Communications

By CHRISTINE HAUGHNEY
OCT. 19, 2014

Ever since the entrepreneur Aaron Kushner bought into the newspaper business two years ago, he has generated a steady stream of headlines — about himself.

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DailyBulletin: New allegations raised in ONT dispute

Los Angeles World Airports

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 10/18/14, 9:02 PM PDT | Updated: 25 secs ago

RIVERSIDE >> Ontario has raised new allegations that purport to show a Los Angeles agency abandoned efforts to market L.A./Ontario International Airport in favor of multi-billion dollar projects at Los Angeles International Airport.

The allegations are raised in a court document filed by Ontario on Friday afternoon in Riverside Superior Court.

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The Sun: SBPEA sues former general manager for more than $700,000

SBPEA

By Joe Nelson, The Sun
Posted: 10/17/14, 5:08 PM PDT | Updated: 48 secs ago

San Bernardino County’s largest labor union filed a lawsuit Friday in San Bernardino Superior Court against its former general manager, alleging he embezzled or misappropriated more than $700,000 before he was fired in 2013.

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unemployment down

By Chris Kirkham
October 17, 2014

California’s unemployment rate dropped to 7.3% in September — the lowest in more than six years — though the total number of jobs declined by 9,800 last month, according to state data.

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freddie-mac-fannie-mae-logo

Fannie Mae and Freddie Mac are the biggest pillars of support for U.S. housing, guaranteeing 59% of all mortgages being written.

By E. Scott Reckard and Tim Logan
October 17, 2014

Mortgage financing giants Fannie Mae and Freddie Mac, together with their federal regulator, have drawn up rules aimed at loosening constricted lending standards to make mortgages more affordable and easier to get for those with less than stellar credit.

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Priya Mathur

Priya Mathur was removed from CalPERS board leadership positions for campaign finance disclosure infractions. | CalPERS

By Dale Kasler
dkasler@sacbee.com
0/15/2014 10:37 PM

CalPERS punished one of its own Wednesday, stripping a prominent board member of her leadership positions because of her latest violations of the state’s campaign finance disclosure laws.

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The PE: SAN BERNARDINO: New executive director named for airport

SBD International Airport

Published: Oct. 14, 2014 – Updated: 11:06 p.m.

Michael Burrows, who has been acting executive director of the two agencies that oversee the development of San Bernardino International Airport, has been officially appointed to the job.

To read story by Richard K. De Atley in The Press-Enterprise, click here.

DailyBulletin: ONT marketing campaign draws criticism

 Ontario International Airport

A new billboard, part of a marketing campaign by Los Angeles World Airports, has gone up along the 57 Freeway in Pomona. Ontario’s name should be on top, one driver tweeted. (Jennifer Cappuccio Maher — staff photographer)

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 10/14/14, 6:08 PM PDT | Updated: 1 min ago

ONTARIO >> There is growing skepticism about a newly launched billboard campaign meant to promote flights out of LA/Ontario International Airport.

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Aaron Kushner

The Los Angeles Times filed a lawsuit against the Orange County Register, owned by Aaron Kushner’s Freedom Communications, alleging breach of contract. (Anne Cusack / Los Angeles Times)

By Shan Li
October 14, 2014

The Los Angeles Times filed a lawsuit on Tuesday against the Orange County Register, accusing the embattled newspaper of breach of contract and failure to pay more than $2 million in delivery fees.

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LATimes: Home sales post gains

For Sale

Higher prices have pushed many investors and cash buyers out of the market, while still-low interest rates and an improving economy are luring more so-called regular buyers. Above, a home for sale in Long Beach. (Cheryl A. Guerrero / Los Angeles Times)

By Tim Logan
October 13, 2014

Southern California’s housing market is starting to pick up the pace.

Home sales in the six-county Southland grew for the first time in a year in September as prices moderated from last year’s torrid gains, according to figures out Monday.

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VVDailyPress: Feds send Barstow casino notices to agencies

Los Coyotes Casino

Conceptual rendering of the proposed Barstow Casino. (Photo courtesy of www.barstowcasinoproject.com)

MIKE LAMB
STAFF WRITER
Posted Oct. 12, 2014 @ 2:31 pm
Updated Oct 12, 2014 at 2:44 PM

BARSTOW — Local government agencies would lose some property tax revenue if land being targeted for an Indian casino is put into a trust for development, but one Barstow City Councilman says that shouldn’t be a concern.

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question-mark1a

By MICHAEL R. BLOOD Associated Press
Oct. 12, 2014 – 07:35 a.m.

LOS ANGELES (AP) — California’s health insurance exchange has awarded $184 million in contracts without the competitive bidding and oversight that is standard practice across state government, including deals that sent millions of dollars to a firm whose employees have long-standing ties to the agency’s executive director.

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DailyBulletin: LA/Ontario International Airport billboards questioned

Ontario International Airport
Documents cited by attorneys representing Ontario detail several instances in which Los Angeles World Airports appeared to direct key personnel to focus efforts on Los Angeles International Airport rather than ONT.

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 10/11/14, 9:21 PM PDT | Updated: 46 secs ago

ONTARIO >> A billboard marketing blitz will take off on Monday promoting flights out of LA/Ontario International Airport.

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LATimes: Prime to buy six Catholic hospitals in California; SEIU opposes deal

Prime Healthcare Services

By Chad Terhune
October 10, 2014

Escalating its battle with organized labor, Prime Healthcare Services Inc. reached a deal to acquire six nonprofit Catholic hospitals in California, including St. Vincent and St. Francis medical centers in Los Angeles County.

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LATimes: Four-week average of unemployment claims lowest since 2006

Unemployment Benefits Application

By Jim Puzzanghera
October 9, 2014

Average weekly unemployment claims over the last month hit an eight-year low, the government reported, in another positive sign for the labor market recovery.

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UTSanDiego: Ebola drug manufacturing ramping up

Mapp Bio

By Bradley J. Fikes
Oct. 9, 2014

Ebola drug maker Mapp Biopharmaceutical is working on several fronts to increase supplies of the potentially life-saving medicine as fast as possible, Mapp’s chief executive, Kevin Whaley, said Thursday.

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By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/08/14, 5:05 PM PDT | Updated: 3 hrs ago

ONTARIO >> The second highest ranking Democrat in the U.S. House of Representatives shared his vision for national economic growth at a forum in Ontario on Wednesday hosted by State Sen. Norma Torres, and the Inland Empire Economic Partnership business advocacy group.

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LATimes: Wal-Mart to end healthcare coverage for 30,000 part-timers

walmart-logo
Wal-Mart said Tuesday it will end healthcare benefits for some part-time workers.

By Andrew Khouri
October 7, 2014

Retail giant Wal-Mart Stores Inc. is cutting healthcare benefits for roughly 30,000 part-time employees, citing rising costs.

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Calpensions: Pensions still a puzzle in Stockton bankruptcy

Pieces to the Puzzle

By Ed Mendel
October 6, 2014

A federal judge ruled last week that Stockton’s CalPERS pensions can be cut in bankruptcy. But Stockton does not want to cut pensions, and the lone holdout creditor says it can be paid without cutting pensions.

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InlandPolitics: Why are people so shocked over “Inbred Inland Empire” label ?

question-mark

Saturday, October 4, 2014 – 05:30 p.m.

I had to roll my eyes over all the outrage arising from the revelation that an official for Los Angeles World Airports (LAWA) referred to the Inland Empire as the “Inbred Inland Empire”.

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DailyBulletin: Unemployment rate continues to drop across Inland Empire, nation

Inland Empire

By Kevin Smith, San Gabriel Valley Tribune
and Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/03/14, 9:10 PM PDT |

The nation’s unemployment rate dropped to 5.9  percent, its lowest level in more than six years, after U.S. employers added 248,000 jobs in September, according to the latest data from the U.S. Department of Labor.

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Covered California

Officials don’t find Covered California rates unreasonable
By Chad Terhune
October 3, 2014

California regulators won’t challenge the next round of health insurance rate increases in the state exchange, but insurers’ narrow networks of doctors and hospitals are drawing tougher scrutiny.

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SacBee: Dan Walters: Bankruptcy judge lights fuse with Stockton pension ruling

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Thursday, Oct. 2, 2014 – 10:20 pm

It should have surprised no one that federal Bankruptcy Court Judge Christopher Klein declared that public employees’ pensions are not sacrosanct when their employers declare bankruptcy.

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Michael Hiltzik

Michael Hiltzik
October 2, 2014

The investment house Franklin Templeton’s effort to knock down the city of Stockton’s proposal to emerge from bankruptcy portrays the case as one in which Franklin is defending itself against three big, faceless adversaries.

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Home Construction

Construction workers pour a concrete slab for a home under construction in Rancho Cucamonga on Wednesday. The median price for a single-family home in the Inland Empire rose 16.5 percent, to $267,000, in the space of a year. (Will Lester – staff photographer)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/01/14, 8:05 PM PDT | Updated: 1 min ago

A new report on the Inland Empire economy released Wednesday by the Los Angeles-based economic research firm Beacon Economics finds home prices rising in a region experts say is a major growth area for the state.

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Housing Bubble

Los Angeles and Orange Counties are two of the three most overvalued housing markets in the country, according to a new report from Trulia.

By Tim Logan
October 2, 2014

Southern California’s housing markets are among the most overvalued in the nation, according to a new report. But the closest thing in this country to a housing bubble is actually in Texas.

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LATimes: Pending home sales dip in August as investors pull back

Home for sale

Pending home sales slowed a bit in August, a real estate trade group reported Monday. (Bryan Chan / Los Angeles Times)

By Tim Logan
September 29, 2014

The number of people who signed contracts to buy homes in August dipped slightly, though it remains near its highest level in a year.

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InlandPolitics: What a mess for Apple Inc.

iPhone 6 - Bent

Sunday, September 28, 2014 – 09:30 a.m.

The heralded rollout of the iPhone 6 and 6 Plus could be about to go in the tank.

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By Dale Kasler
dkasler@sacbee.com
Published: Sunday, Sep. 28, 2014 – 12:00 am

It’s harvest time in much of California, and the signs of drought are almost as abundant as the fruits and nuts and vegetables.

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The PE: ONTARIO: Riverside judge asked to rule on ONT suit

ontario airport

Ontario’s lawyers want her to uphold its right to sue for the return of local control of airport. Owner L.A. says it’s too late.

Published: Sept. 26, 2014 Updated: 11:08 p.m.

Ontario is asking a judge to unwind the city’s agreement with Los Angeles that gave L.A. control of Ontario International Airport, saying Ontario officials in 1967 and 1985 had no right to give up the airport forever and provide no way out of the contract.

To read story by Cassie MacDuff in The Press-Enterprise, click here.

GDP

The second-quarter economic rebound was stronger than initially thought at 4.6% annual rate.

By Jim Puzzanghera contact the reporter

The U.S. economy grew at a 4.6% annual rate this spring, rebounding more strongly than initially estimated from a weather-related winter contraction, the Commerce Department said Friday.

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National Community RenaissanceSan Bernardino Seal

By Ryan Hagen, The Sun
Posted: 09/25/14, 4:58 PM PDT |

SAN BERNARDINO >> The first phase of revitalizing the affordable housing at Waterman Gardens is clear to begin after it received $12 million in state tax credits Thursday.

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The Sun: Bear Mountain, Snow Summit ski resorts bought by Mammoth Mountain company

Big Bear Ski Resorts

Mammoth Mountain Ski Area, owner of Mammoth Mountain and June Mountain, announced today that it has entered into an agreement to acquire Big Bear Mountain Resorts in Big Bear Lake, California. Big Bear Mountain Resorts includes both Bear Mountain, pictured here, and Snow Summit, the largest and most popular of southern California’s ski and snowboard resorts that host nearly 800,000 winter visits annually. (Staff file photo)

By Ryan Hagen, The Sun
Posted: 09/24/14, 11:23 AM PDT | Updated: 51 secs ago

BIG BEAR LAKE >> In what will make it part of one of the nation’s largest ski companies with more than 2 million visitors per year, Bear Mountain and Snow Summit have been bought by Mammoth Mountain Ski Area, the northern California-based company announced Wednesday.

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City of Los Angeles Seal

By David Zahniser and Emily Alpert Reyes
September 24, 2014

Big hotels in Los Angeles will soon be required to pay at least $15.37 an hour to their workers — one of the highest minimum-wage requirements in the country.

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Apple Inc.

Associated Press
Sept. 25, 2014 | 1:31 a.m. EDT
By BRANDON BAILEY, AP Technology Writer

SAN FRANCISCO (AP) — Apple’s new iPhones have run into some glitches as users complained that a new software update blocked their calls, while a widely circulated video showed the larger of the two new models is vulnerable to bending.

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LATimes: Los Angeles Register ceases publication five months after debut

Los Angeles Register

Orange County Register co-owner Aaron Kushner, announced Monday night the closure of the 5-month-old Los Angeles Register.

By Andrew Khouri
September 22, 2014

The Los Angeles Register, which launched in April as part Aaron Kushner’s bold bet on print newspapers, will cease publication, effective immediately.

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The Sun: Logistics centers could bring thousands of jobs to the Inland Empire

Goodman Birtcher Logistics Center

An artist’s rendering of the Goodman Birtcher logistics center planned in Fontana. (Courtesy of Goodman Birtcher)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 09/20/14, 6:32 PM PDT |

Two new large warehouse distribution centers are planned for Fontana and Eastvale that would bring thousands of new jobs to the Inland Empire.

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LATimes: California adds 44,200 jobs in August

Jobs

California jobs
By Tiffany Hsu and Chris Kirkham
September 19, 2014

California outpaced its recent job growth as employers added 44,200 nonfarm positions in August — far more than any other state.

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SacBee: CalPERS gets $88 million in Citi settlement

calpers

By Dale Kasler
dkasler@sacbee.com
Published: Thursday, Sep. 18, 2014 – 4:44 pm

CalPERS said Thursday it has collected $88 million from a previously-announced settlement with Citigroup Inc. over toxic mortgage securities.

Read the rest of this entry »

The PE: ECONOMY: Inland Empire incomes rising, poverty falling

California Poverty

Census numbers for the Inland area indicate the economy is inching toward rebirth. But they also indicate that our employment picture needs a lot more work.

BY DAVID OLSON / STAFF WRITER
Published: Sept. 17, 2014 Updated: 10:56 p.m.

In another sign that the Inland region is slowly emerging from years of economic decline, area residents’ incomes finally rose in 2013, and the poverty rate began to fall, according to U.S. Census Bureau estimates released late Wednesday.

To read story by David Olson in The Press-Enterprise, click here.

LATimes: New Anthem Blue Cross plan takes on Kaiser

AnthemBlueCrossLogo

By Chad Terhune
September 16, 2014

Taking aim at HMO giant Kaiser Permanente, insurer Anthem Blue Cross is joining forces with several big-name hospitals and their doctors to create an unusual health plan option for employers in Southern California.

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InlandPolitics: Uncertainty over San Bernardino Int’l Airport marketing?

SBIA

Tuesday, September 16, 2014 – 11:00 a.m.

It’s once again time to take up the matter of San Bernardino International Airport (SBIA). You know that financial black hole, formerly known as Norton Air Force Base.

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LATimes: CalPERS decides hedge funds are a sell

Photo: CalPERS board

The CalPERS board meets at headquarters in Sacramento. (Robert Durell / For The Times)

By Marc Lifsher
September 15, 2104

SACRAMENTO — The country’s biggest public pension system is getting out of hedge funds.

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SacBee: CalPERS cleared to sue ratings agencies

California Supreme Court

By Dale Kasler
dkasler@sacbee.com
Published: Monday, Sep. 15, 2014 – 3:56 pm

The state Supreme Court has cleared CalPERS to sue Wall Street’s leading ratings agencies over a series of disastrous investments that cost the pension fund more than $1 billion.

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Home Construction

A new report from Beacon Economics and City National Bank points to a comeback in the Inland Empire. Above, homes being built in Rancho Cucamonga. (Gina Ferazzi / Los Angeles Times)

Economic comeback in the Inland Empire helps drive California recovery, report says
September 15, 2014

The economic recovery in California struggled through the first half of the year but now is picking up speed, driven by improvements in the real estate and the job markets, according to a quarterly report from Beacon Economics and City National Bank.

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DailyBulletin: Final closure of Rialto Municipal Airport is now almost guaranteed

Rialto-Seal

The Rialto Municipal Airport is set to close Thursday to pave way for a redevelopment project that includes residential and commercial buildings and a retail center.

By Leslie Parrilla, San Bernardino Sun
Posted: 09/14/14, 8:47 PM PDT |

It’s nearly guaranteed this time, after more than 10 years in the works, the shuttering of the Rialto Municipal Airport, as officials send notice to the Federal Aviation Administration of a final shut down next week.

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LATimes: Owner of L.A. Daily News and other local newspapers exploring sale

For Sale

By Andrew Khouri
September 12, 2014

Digital First Media, the owner of the Los Angeles Daily News and other newspapers across the country, said it will explore the sale of its publications.

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For Sale

Housing price reductions are rising in the Southland

By Tim Logan, Andrew Khouri

The latest sign that buyers are gaining leverage in Southern California’s housing market: Price cuts are back.

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DailyBulletin: Inland Empire logistics sector poised for growth with cargo increases

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 09/11/14, 8:53 PM PDT |

The volume of goods coming in and out of the ports of Long Beach and Los Angeles over the next 20 years is expected to double and fuel expansion of the logistics sector in the Inland Empire, according to regional economy advocates.

Read the rest of this entry »

For Sale

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 09/11/14, 11:32 AM PDT | Updated: 9 hrs ago

Southern California’s housing market chilled out in August with sales sinking to a four-year low for the month while the median price rose to a post-recession high, CoreLogic DataQuick reported Thursday.

Read the rest of this entry »

LATimes: California economy will keep plodding through ’16, UCLA forecast says

UCLA Anderson_logo

The U.S. economy will be marginally stronger in 2016, according to the UCLA Anderson Forecast. Real gross domestic product is expected to swing up 3.1% next year and 3.4% in 2016.

By Tiffany Hsu
September 11, 2014

California’s “painfully plodding” economic recovery will continue its slow march through 2016, according to the quarterly UCLA Anderson Forecast.

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DailyBulletin: Survey predicts tough job market, lower wages

Economy

By Kevin Smith, San Gabriel Valley Tribune
Posted: 09/08/14, 6:31 PM PDT | Updated: 1 min ago

Looking for full-time work?

Good luck, because a new survey from Harvard Business School reveals that U.S. business leaders are reluctant to hire full-time employees and would rather invest in technology, outsource work to third parties or hire part-time workers.

Read the rest of this entry »

InlandPolitics: A few takes, questions from California Governor debate

Jerry Brown

Brown

Saturday, September 6, 2014 – 11:00 a.m.

The debate between California Governor Jerry Brown and republican Neel Kashkari, held Thursday night, was somewhat entertaining.

Brown, in his elderly style, routinely patted Kashkari on the head, while Kashkari kept raising Brown’s blood pressure, by poking at him on issues.

Read the rest of this entry »

Jobs

September 5, 2014 – 3:37 PM
By CHRISTOPHER S. RUGABER, Associated Press

WASHINGTON (AP) — A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns.

Read the rest of this entry »

Labor Force Participation - August 2014

September 5, 2014 – 9:07 AM
By Ali Meyer

(CNSNews.com) – A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.

Read the rest of this entry »

San Onofre

The San Onofre nuclear power plant near San Clemente closed permanently in June 2013, a year and a half after defective steam generators costing $680 million leaked small amounts of radiation. (Allen J. Schaben, Los Angeles Times)

By Marc Lifsher
September 5, 2014

An agreement on paying for the closure of the San Onofre nuclear power plant near San Clemente needs to be more favorable to consumers, state regulators said Friday.

Read the rest of this entry »

Bloomberg/Businessweek: Megadroughts Worse Than the Dust Bowl Could Hit the Southwest

Bloomberg-Businessweek

By Karen Weise
September 04, 2014

The drought in California has already devastated the environment and upended the state’s economy. Imagine if it were to last for a decade. Or four decades. Or longer. So-called megadroughts are increasingly likely as the earth warms, according to a new scientific paper that paired historic drought patterns with climate change models.

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LATimes: California trails Texas in exports and related jobs, report finds

Texas Flag + California Flag

By Tiffany Hsu
September 4, 2014

California is home to the busiest port complex in the country and the largest manufacturing center, but where exports are concerned, it’s neither the heaviest mover nor the top employer.

Read the rest of this entry »

By Kate Linthicum
September 4, 2014

A report released Wednesday by researchers at USC found that immigrants who are in California illegally make up nearly 10% of the state’s workforce and contribute $130 billion annually to its gross domestic product.

Read the rest of this entry »

LATimes: Longtime trustee of Pimco mutual funds appears to have lost his job

PIMCO

By E. Scott Reckard
September 2, 2014

William J. Popejoy apparently has lost his longtime position as a trustee of the nearly $2-trillion Pimco mutual funds in Newport Beach, but the usually outspoken financial executive wasn’t talking about what happened.

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SacBee: Dan Walters: ‘California Comeback’ hasn’t helped everyone

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Sep. 1, 2014 – 12:00 am
Last Modified: Monday, Sep. 1, 2014 – 9:57 am

As Gov. Jerry Brown runs for re-election, he has adopted “California Comeback” – voiced during his State of the State address in January – as his informal slogan.

Read the rest of this entry »

Hmmm

By Kenneth R. Harney
August 31, 2014

WASHINGTON — If you’ve got it, tap it. That appears to be the strategy for growing numbers of homeowners across the country who have begun taking out home equity credit lines at a rapidly accelerating pace.

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LATimes: Slow wage growth threatens California economic recovery, report finds

California Money

By Chris Kirkham
August 30, 2014

California’s economic recovery has featured a growing share of lower-wage jobs, raising concerns about the opportunities for middle-class workers hit hard by the Great Recession, a new analysis finds.

Read the rest of this entry »

SacBee: California plastic bag ban heads to Jerry Brown

By David Siders
dsiders@sacbee.com
Published: Friday, Aug. 29, 2014 – 11:36 pm
Last Modified: Saturday, Aug. 30, 2014 – 11:44 am

California lawmakers narrowly approved a sweeping plastic bag ban Friday, leaving Gov. Jerry Brown to decide the fate of the controversial bill in an election year.

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SJMercuryNews: California marijuana market poised to explode

Medical Marijuana

By Patrick May
pmay@mercurynews.com

Posted: 08/29/2014 05:51:09 PM PDT61 Comments
Updated: 08/29/2014 08:51:39 PM PDT

Looking around last week at the exhibitor showroom of CannaCon, the huge marijuana-business expo held outside Seattle, Greg James had something of an epiphany: The pot industry in America is growing like, you guessed it, a weed.

Read the rest of this entry »

The Atlantic: California High-Speed Rail—More Questions and Concerns

High-Speed Rail

The Atlantic

“Bad, bad, bad,” and other critiques
James Fallows
Aug 24 2014, 11:30 PM ET

If David Letterman can put out a Top Ten list night after night for decades, we can certainly make it all the way to 10 in our chronicles of the California High-Speed Rail debates. As a reminder, this is No. 8 in a series on the most ambitious and consequential infrastructure project now under consideration in our infrastructure-degraded land. It is the plan for a north-south California High-Speed Rail system, which had its genesis before Jerry Brown’s second coming as California’s governor but is now his signature project as he runs for reelection to an unprecedented fourth term. For previous installments see No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, and No. 7.

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Calpensions: Image-sensitive CalPERS has down week in media

calpers

By Ed Mendel
August 25, 2014

Last week was not a good one for CalPERS, which carefully tracks mentions of the giant pension system in the media and gives each story a rating of positive, neutral or negative.

Read the rest of this entry »

Jerry Brown+Rick Perry

California Gov. Jerry Brown, left, recently launched the California Competes incentive program. Texas Gov. Rick Perry, right, has touted the Texas Enterprise Fund as a “job-creation machine.” (Rich Pedroncelli / Associated Press and Mengwen Cao / Associated Press)

By Chris Kirkham
August 24, 2014

When California rolled out a $750-million plan this year to attract and retain businesses, many aspects mirrored longtime perks used by Texas — where officials love nothing more than stealing jobs from the Golden State.

Read the rest of this entry »

SacBee: California pensions, consumers get $800 million from Bank of America case

Bank of America

By Dale Kasler
dkasler@sacbee.com
Published: Thursday, Aug. 21, 2014 – 8:29 am
Last Modified: Friday, Aug. 22, 2014 – 7:55 am

California homeowners and pension funds will receive $800 million from Bank of America Corp., the state’s share of a record-breaking settlement over toxic mortgages issued and packaged as investment securities during the housing bubble.

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LATimes: L.A.-O.C. housing market is least affordable in U.S., Zillow says

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Prices have grown much faster than incomes in the last few years, a Zillow research director said. That’s pushing L.A. housing out of reach for many.

By Tim Logan
August 20, 2014

Los Angeles and Orange counties are the least-affordable housing market in the country. And it’s likely to only get worse.

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LATimes: Report that calls California expensive for businesses sparks debate

California Money

By Marc Lifsher
August 17, 2014

California is one of the most expensive states for businesses to operate, mainly because of high pay and related labor costs, says a new report commissioned by an arm of the state Chamber of Commerce.

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Dan Morain

By Dan Morain
dmorain@sacbee.com
Published: Sunday, Aug. 17, 2014 – 12:00 am

In a Capitol where contentious lobbying battles are de rigueur, the $14 billion hedge fund that goes by the name Pershing Square Capital Management has picked a most unusual fight.

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The PE: CASSIE MACDUFF: Freeing ONT won’t be cheap, fast or easy

Cassie MacDuff

Published: Aug. 15, 2014 – Updated: 10:38 p.m.

Los Angeles Mayor Eric Garcetti’s willingness to transfer control of Ontario International Airport from the city of L.A. to a local airport authority gave Inland residents reason to cheer.

To read column by Cassie MacDuff in the Press-Enterprise, click here.

unemployment

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 08/15/14, 8:55 PM PDT |

The Inland Empire unemployment rate rose slightly to 9.2 percent in July, the California Employment Development Department reported Friday.

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unemployment

By Chris Kirkham
August 15, 2014

California added more than 27,000 jobs in July, but the state unemployment rate remained flat at 7.4% as the size of the labor force shrank slightly from last month’s estimates.

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Prime Healthcare Services

By Chad Garland
August 15, 2014

Prime Healthcare Services Inc., a hospital chain that has come under fire for billing and patient privacy issues, is facing opposition over its potential acquisition of six California hospitals, including two medical centers in Los Angeles County.

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DailyBulletin: Southern California home sales fall, median price drops

Home for sale

A for-sale home in the 3200 block of Hacienda Drive in Duarte is shown here. Southern California home sales hit a three-year low for the month of July, hampered by rising prices, a limited supply of homes and a decrease in investor activity. (Photo by Watchara Phomicinda/ San Gabriel Valley Tribune)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/14/14, 8:18 PM PDT |

Southern California home sales hit a three-year low for the month of July and the region’s median home price dipped to $413,000, industry tracker CoreLogic DataQuick reported Wednesday.

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