Archive for the ‘ Business ’ Category

Penny Saver

The PennySaver, an advertising newsletter, was delivered in the mail throughout Southern California. Employees were told Friday that the publication is ceasing operations after 50 years.

By Stuart Pfeifer
May 24, 2015

The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business.

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InlandPolitics: Something you won’t see in Inland Empire newspapers

San Diego Union Tribune

Sunday, May 24, 2015 – 06:00 p.m.

Hats off to the San Diego Union-Tribune.

The newspaper has essentially taken on the job of exposing the “corruption” in the settlement surrounding the closure of the San Onofre Nuclear Power Plant, and how state officials compromised themselves in their cozy relationships with executives from Southern California Edison, a subsidiary of Edison International. (NYSE: EIX).

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** FILE ** Susannah Fox, the main author of a study on internet spyware by the Pew Internet and American Life Project, is seen at the Pew Research Center in Washington in this July 6, 2005 file photo. In a recent survey, the Pew Internet and American Life Project found that adult Americans are broadly divided into three groups: 31 percent are elite technology users, 20 percent are moderate users and the remainder have little or no usage of the Internet or cell phones. (AP Photo/Lauren Victoria Burke, file)

Sunday, May 24, 2015 – 05:30 p.m.

The Pew Research Center has issued a not-so-pleasant report on the state of print media in the country.

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InlandPolitics: Sentinel newspaper wins adjudication

The Sentinel

Sunday, May 24, 2015 – 01:30 a.m.

The San Bernardino County Sentinel Newspaper, a publication that’s been an irritant to many Inland Empire local governments and politicos, has been granted legal adjudication.

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U-T San Diego: San Onofre deal concocted in secret

San Onofre

Reporters in 2010 were given a rare tour of the San Onofre nuclear plant in 2010, in anticipation of the installation of replacement steam generators. The flawed generators precipitated closure of the plant amid a radiation leak in 2012. — John Gastaldo

Warsaw was not the only undisclosed gathering while nuclear plant shutdown pact took shape

By Morgan Lee
May 23, 2015 – 03:48 p.m.

The public was none the wiser.

All the key parties in the room for the only public hearing on the $4.7 billion settlement agreement for shutdown costs at the failed San Onofre nuclear plant knew that the pact had its origins at a secret meeting in Poland.

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Lou Desmond

Friday, May 22, 2015 – 03:30 p.m.

Tonight on the show, Ed Hoffman, president of Wholesale Capital Corporation, is in the bunker! He and Lou talk about the history of Memorial Day and the proper flag etiquette for the day.

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Michael Peevey

Investigators are looking into whether former PUC President Michael Peevey made deals with PG&E illegally. (Photo: Jeff Chiu / Associated Press 2014)

By Jaxon Van Derbeken
May 21, 2015
Updated: May 21, 2015 – 8:11pm

Investigators are looking into whether former PUC President Michael Peevey made deals with PG&E illegally.

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The Sun: County approves upscale apartment complex in Redlands’ Donut Hole

Crossing at Redlands

The San Bernardino County Board of Supervisors on Tuesday approved The Crossings at Redlands, a 340-unit gated apartment complex in an unincorporated area of Redlands. It will feature a sidewalk coffee shop/cafe, produce market and state-of-the-art fitness center. It is a companion project to the neighboring Circa 2020 apartment complex now under construction. (Courtesy artist rendering)

By Joe Nelson, The Sun
Posted: 05/20/15 – 6:45 PM PDT |

REDLANDS >> In the same vein as Victoria Gardens in Rancho Cucamonga and other mixed-use developments across Southern California, a 340-unit gated apartment complex, with a retail component, has been approved for development in an unincorporated area of this city.

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Up Arrow

Riverside, San Bernardino county homes sales were up 8 percent last month, the third best April since 2006, according to CoreLogic DataQuick

Published: May 19, 2015
Updated: May 20, 2015 – 11:27 a.m.

Home sales in Inland Southern California continued to flex some muscle in April, restoring optimism in a marketplace that got off to a sluggish start for 2015.

It was the third best April for the Inland region since the housing bust, with 6,109 Riverside and San Bernardino new and existing home and condo sales closing escrow, according to CoreLogic DataQuick’s latest report.

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

Los Angeles Times: Four-dollar gasoline returns to the L.A. area

Gas Prices

Gas prices are displayed at a Chevron station in Brentwood. The recent surge in regional fuel prices has left local drivers paying more on average than motorists elsewhere in the U.S. (Jerome Adamstein / Los Angeles Times)

By Andrew Khouri and Samantha Masunaga
May 15, 2015

On Friday, the average for a gallon of regular in the Los Angeles area was higher than $4 for the first time since July, according to daily fuel price reports by AAA and GasBuddy.com. The recent surge in regional fuel prices has left local drivers paying more on average than motorists anywhere else in the U.S.

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Daily Bulletin: DFM, parent company of Los Angeles News Group, will not be sold

Digital First Media

By Bay Area News Group
Posted: 05/14/15 – 9:26 PM PDT |

Digital First Media, the company that operates the Los Angeles News Group and its digital and newspaper properties, has decided not to seek a sale of the entire company, saying it “is not in the best interest of shareholders at this time.’’

Read the rest of this entry »

wells fargo logo

A lawsuit filed in San Francisco federal court accuses Wells Fargo of pressuring workers to open so many accounts and provide so many other services that the employees deceived and defrauded customers across the country.

By E. Scott Reckard
May 13, 2015

A former Wells Fargo & Co. customer accused the San Francisco banking firm in a lawsuit of fostering a high-pressure sales culture that ended up deceiving and defrauding him and customers nationwide.

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U-T San Diego: Emails show UCLA, CPUC deal making

Michael Peevey

Peevey, at right, said grants would be ‘satisfactory to our joint purposes’.

By Jeff McDonald
May 12, 2015

Former California Public Utilities Commission President Michael Peevey filed a public notice disclosing an email he received from UCLA regarding grants for greenhouse gas research.

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InlandPolitics: Refinery numbers leave gas price spike unjustified

Behind-the-spin

Sunday, May 10, 2015 – 08:00 a.m.

The latest report on refinery activity from the California Energy Commission in no way supports the contention that refinery woes have caused retail gasoline price spikes.

Spin that continues to be nothing more than a lie.

Read the rest of this entry »

Dan Walters

Dan Walters
May 9, 2015
dwalters@sacbee.com

California’s Silicon Valley may be the world capital of hubris, where 20-somethings with the right idea at the right time can become instantly wealthy.

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Gas Prices

California senators have sent a series of questions to oil industry executives.The inquiries come amid concerns about whether the market is competitive.

Capitol Alert
May 8, 2015
By Christopher Cadelago
ccadelago@sacbee.com

California senators investigating the recent surge in gas prices are escalating pressure on oil industry executives.

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U-T San Diego: $85M deal to combine U-T, LA Times

newspaper-future

Purchase agreement signed today by Tribune Publishing; papers to remain separate brands

By Dan McSwain
May 7, 2015 – 4:01 p.m.

The owner of the Los Angeles Times has agreed to buy U-T San Diego, combining two of Southern California’s oldest and most recognizable media companies, executives announced Thursday.

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San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 05/05/15, 3:16 PM PDT |

SAN BERNARDINO >> Four developers are finalists to build on the 43-acre property occupied by Carousel Mall, and most likely, the mall will be demolished to make way for new development, a city official said during a broker roundtable Tuesday.

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Valero Wilmington Refinery

The Valero refinery in Wilmington on Monday. (Steve McCrank – Staff Photographer)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/05/15, 7:29 PM PDT |

A new report from Consumer Watchdog confirms what Southland motorists have long suspected — oil refiners are drawing deep profits from gasoline price spikes.

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General Views Of Wells Fargo Locations Ahead Of Earns Figures

A culture of high-pressure sales encouraged employees to engage “in unfair, unlawful and fraudulent conduct,” the suit says.

By E. Scott Reckard
May 4, 2015

Rigid sales quotas at Wells Fargo Bank have driven employees to open unauthorized accounts for customers, sticking them with bogus fees and damaging their credit, according to a city of Los Angeles lawsuit that echoes a Times investigation.

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Gas Prices

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/04/15, 6:52 PM PDT |

Southern California gas prices are rising fast, and the rate of acceleration is far outpacing the national average.

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Lou Desmond

Monday, May 4, 2015 – 03:00 p.m.

Tonight on the show, Estimable Economist Jay Prag joins the program. First, Lou and Jay talk about the shooting this weekend at a Muhammad cartoon event. Then, they talk about the downfalls of the Affordable Care Act and the negative effects on the medical industry.

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U-T San Diego: Edison alliances led to San Onofre deal

SCE

Company saw window of opportunity to bring critics on board

By Morgan Lee
May 2, 2015 – 6:53 a.m.

Among the documents released this past week regarding closure of the San Onofre nuclear plant was an email showing executives with majority owner Southern California Edison cooperating with traditional adversaries with an eye toward “getting our money back.”

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MIchael Florio

Michel Peter Florio

By Jaxon Van Derbeken
May 2, 2015
Updated: May 2, 2015 – 11:39pm

A California Public Utilities Commission member who was present when the agency’s president pressured Southern California utilities to funnel $25 million to a pet cause last year played a pivotal role in keeping the lobbying secret, according to the account of a top utility executive.

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InlandPolitics: California lets gas refiners have free reign over motorists

Gas Prices

With no oversight, California gasoline refiners appear have decided to charge whatever they want.

Saturday, May 2, 2015 – 02:00 p.m.

California regulators, the Automobile Club, GasBuddy.com and the Lundberg Survey have lost all credibility.

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World Logistics Center

A key report on what would be the U.S.’s largest such complex is out; a public hearing will be in June.

Published: May 1, 2015 – Updated: 10:55 p.m.

A development battle in Moreno Valley that has been brewing for three years moved closer Friday, May 1, with release of a final environmental report on a warehouse center that would transform the city’s eastside and become the country’s largest logistics facility.

To read story by Imran Ghori and David Danelski in The Press-Enterprise, click here.

Los Angeles Times: Edison denies misconduct in San Onofre settlement process

San Onofre

Southern California Edison Co. is the majority owner of the now-closed San Onofre nuclear power plant near San Clemente. (David McNew / Getty Images)

By Jim Peltz
April 30, 2015

Southern California Edison Co. denied that a private meeting between one of its past executives and the state’s former top utilities regulator influenced the company’s nearly $5-billion settlement of costs covering the closed San Onofre nuclear power plant.

Read the rest of this entry »

Los Angeles DWP

The front of the headquarters of the Los Angeles Department of Water and Power in downtown Los Angeles. (Richard Vogel / Associated Press)

By Jack Dolan
April 30, 2015

Two nonprofit trusts created by the Los Angeles Department of Water and Power and financed with more than $40 million from ratepayers paid millions to vendors without competitive bids, overpaid top managers and let them charge personal travel, gasoline and other items without filing expense reports, city audits released Thursday showed.

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U-T San Diego: Edison releases emails in San Onofre probe

SCE

By Jeff McDonald
April 29, 2015 – 6:50 p.m.

Southern California Edison responded Wednesday to an order from state utility regulators that the company hand over all of its communications about settling the costs of the premature shutdown of the San Onofre nuclear power plant.

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InlandPolitics: Economy not so hot after all

GDP

+0.2%

Wednesday, April 29, 2015 – 08:15 a.m.

It would appear the economy isn’t so hot after all.

Read the rest of this entry »

Straight Face Emoticon

Eight of 10 fastest-moving real estate markets are in California; four are on the southern coast; The Inland area ranks No. 35 according to Trulia online real estate service

Published: April 28, 2015 – Updated: 4:10 p.m.

The Inland Southern California housing market, a bastion for bargain home sales when foreclosures peppered the region, has had a lethargic sales pace in 2015, a new Trulia report shows.

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

Los Angeles Times: Port truck drivers strike against four companies

on-strike

By Andrew Khouri
April 27, 2015

Some truck drivers who haul goods from the ports of Los Angeles and Long Beach walked off the job Monday, launching a protest against four trucking firms they accuse of wage theft.

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Monday, April 27, 2015 – 04:30 p.m.

Tonight on the show, Jay Prag joins Lou to talk about California’s economy. Riverside is setting strong economic goals and taking steps to plan for the future. Last week technology stocks closed at their highest. What dose that mean for the Inland Empire?

Read the rest of this entry »

NFL

By Scott M. Reid, Staff Writer
April 24, 2015 – Updated 7:37 p.m.

NEW YORK – NFL Commissioner Roger Goodell, after months of expressing caution about the league’s possible return to Los Angeles, characterized stadium projects in Inglewood and Carson on Friday as “viable” with the potential for long term success.

Read the rest of this entry »

Home Construction

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to a gloomy assessment by California Association of Realtors CEO Joel Singer. (Dennis McCoy | Sacramento Business Journal)

Ben van der Meer
Staff Writer-Sacramento Business Journal
Apr 23, 2015 – 2:28pm PDT

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to the CEO of the California Association of Realtors.

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Lou Desmond

Monday, April 20, 2015 – 05:00 p.m.

Tonight on the show, Lou is joined by Estimable Economist Jay Prag to talk about several issues related to the Inland Empire Economy. First up is the logistics and warehousing industry in the Inland Empire. Will logistics be the key to economic revival in the IE?

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Dan Walters

Dan Walters
Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
04/20/2015 – 12:01 AM

California is the nation’s most populous state with about 39 million residents, while Texas is No. 2 at 27 million.

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San Onofre

The San Onofre nuclear power plant, shown in 2012, will not be restarted, Edison officials say. (Grant Hindsley / Associated Press)

By Marc Lifsher
April 18, 2015

Consumer advocates, outraged by a secret negotiation in Poland over the $5-billion cost of closing the San Onofre nuclear power plant, are asking the California Public Utilities Commission to reconsider a deal that sticks utility customers with the bulk of the bill.

Read the rest of this entry »

Inland Empire Warehouses

Riverside and San Bernardino counties have become a strategic link in the global supply chain. Above, Yolanda Guevara, who operates a cherry picker, fills an order at Pacific Mountain Logistics warehouse in Ontario. (Irfan Khan, Los Angeles Times)

By Chris Kirkham
April 17, 2015

Pilar Guzman has worked for five years in a warehouse that processes luggage arriving from China and bound for the likes of Wal-Mart, Macy’s and Kohl’s.

Read the rest of this entry »

U.S. Capitol

By Jim Puzzanghera
April 17, 2015

Despite optimistic talk from Democrats and Republicans about overhauling the tax code, General Electric Co. recently showed that corporate executives aren’t holding their breath for a bipartisan deal any time soon.

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Sacramento Bee: California almond growers to expand orchards, despite drought

 Finger

By Dale Kasler
dkasler@sacbee.com
04/16/2015 11:25 PM

Almond orchards have become ground zero in the debate over California’s epic drought, the focal point of criticism that agriculture uses too much water.

The response? More almond trees.

Read the rest of this entry »

NFL- Carson

A rendering of the new football stadium proposed for Carson by the owners of the San Diego Chargers and Oakland Raiders. (Manica Architecture)

By Sam Farmer, Nathan Fenno and Tim Logan
April 16, 2015

Representatives of proposed stadium projects in Carson and Inglewood met with NFL executives Thursday as the competition to return the league to the Los Angeles area continued.

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U-T San Diego: Chairman: Scrap San Onofre deal

SCE

State Senator Ben Hueso says settlement hatched in secret in Poland shouldn’t stand

By Jeff McDonald
April 15, 2015 – 5:11 p.m.

The settlement that assigned billions of dollars in San Onofre nuclear plant closure costs to customers should be revisited after revelations about how the deal came together, the chairman of the state Senate committee overseeing utilities said.

Read the rest of this entry »

LAO

By Chris Megerian
April 14, 2015

California’s drought has threatened farmers, ski resorts and golf courses, but it’s unlikely to do much damage to the state’s overall economy or budget, according to a new report.

Read the rest of this entry »

U-T San Diego: Commission seeks Edison emails

CPUC

Regulators are considering sanctions for utility over Warsaw meeting

By Jeff McDonald
April 14, 2015 – 5:35 p.m.

The California Public Utilities Commission on Tuesday ordered Southern California Edison to turn over all documents related to the potential settlement of the San Onofre closure dated between March 2013 and November 2014.

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The Sun: Massive office space sale sets record in Inland Empire

Lakeside Tower

Lakeside Tower is among 17 buildings that are part of the Tri-City Corporate Centre complex that was sold to new owners as part of the largest office space in Inland Empire history, according to the real estate brokerage firm CBRE. (Courtesy photo)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 04/12/15, 7:48 PM PDT

In another sign of the region’s rebounding economy, the largest sale of office space in Inland Empire history, according to CBRE, the Los Angeles-based real estate brokerage company that facilitated the deal, closed last month.

Read the rest of this entry »

SFChronicle: State regulator says PG&E may be too big to operate safely

CPUC

By Jaxon Van Derbeken
Thursday, April 9, 2015 – Updated 9:14 pm

Minutes after the California Public Utilities Commission levied a record $1.6 billion penalty against Pacific Gas and Electric Co. on Thursday for the deadly San Bruno pipeline explosion, the state’s top regulator said the utility is still plagued by gas-system problems, shrugs off even the harshest sanctions and may be too big to operate safely.

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InlandPolitics: Crude Oil prices under pressure as gas prices snail downward

Crude OIl

Wednesday, April 8, 2015 – 09:00 a.m.

Energy traders must have had a good time over the past week.

Read the rest of this entry »

Gas Prices

By Tiffany Hsu
April 8, 2015

An ongoing glut of crude oil will give U.S. drivers this summer the lowest seasonal gasoline prices in six years, the government predicts.

Read the rest of this entry »

Lou Desmond

Monday, April 6, 2015 – 04:30 p.m.

Tonight Jay Prag, estimable economist, joins Lou, on the Lou Desmond and Company Show. They talk about the NCAA championship game and a few cultural aspects of it. Then they discuss good and evil in light of the recent holiday and the resurgence of biblical themes in media.

Read the rest of this entry »

Los Angeles Times: Soaring dollar puts the world on sale for Americans

Dollar Currency

Dollar travels far for Americans abroad

Markets expert Tom Petruno says the strong dollar puts the world on sale for American travelers.
By Tom Petruno
April 4, 2015

Americans have long complained that the dollar doesn’t buy much anymore. Suddenly, the dollar’s problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments.

Read the rest of this entry »

InlandPolitics: With Fed stimulus gone, things look a little uncertain

Pricking Balloon

Saturday, April 4, 2015 – 10:30 a.m.

Remember last October, when the Federal Reserve ended the tapering down of its $85 billion a month bond-buying program?

Read the rest of this entry »

San Onofre

An agreement to shut down the San Onofre Nuclear Generating Station assigns approximately $3.3 billion of the costs to ratepayers in Southern and Central California and $1.4 billion to two utilities.

By Marc Lifsher
April 3, 3025

The president of the scandal-rocked Public Utilities Commission has rejected a call from a powerful lawmaker to reopen a financial settlement that apportioned nearly $5 billion in costs for the June 2013 permanent closure of the damaged San Onofre nuclear power plant.

Read the rest of this entry »

economy

By Don Lee
April 4, 2015

The sharp retreat in hiring last month to the slowest pace in more than a year reflects lost economic momentum in the U.S. — and may make the Federal Reserve more reluctant to start raising interest rates as early as June.

Read the rest of this entry »

Economy

Friday, April 3, 3015 – 10:00 a.m.

Economists expected non-farm payrolls to rise by 245,000 in March. It didn’t happen!

As a matter of fact the number didn’t come close.

Read the rest of this entry »

Warehouse

The Inland Empire is becoming the warehouse capital.

Friday, April 3, 2015 – 09:30 a.m.

The Inland Chorus of cheerleaders is back in full swing.

Read the rest of this entry »

Redlands Crossing

The Good Neighbor Coalition and Occupy Redlands came together to protest Walmart and the proposed supercenter in front of the corporation’s store on Redlands Boulevard, February 29, 2012. An appeals court Thursday denied the appeals filed by community groups in opposition to the proposed supercenter.

By Sandra Emerson, Redlands Daily Facts
Posted: 04/02/15 – 6:52 PM PDT |

REDLANDS >> Two civil cases filed against the city and Walmart related to a proposed store on the city’s North Side have come to an end.

Read the rest of this entry »

Lou Desmond

Monday, March 30, 2014 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lou is joined by Estimable Economist Jay Prag. They discuss the premiere of Killing Jesus, which broke viewership records. Then they talk about Chik-fil-a, free speech and freedom of religion, particularly in Indiana.

Read the rest of this entry »

Capitol Alert
The go-to source for news on California policy and politics
By David Siders
dsiders@sacbee.com
03/30/2015 12:05 AM

Michael Peevey’s announcement last fall that he would not seek reappointment to the California Public Utilities Commission appeared to offer closure to years of controversy surrounding his tenure.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.”

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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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