Archive for the ‘ Business ’ Category

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

Up Arrow

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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interest_rates

By E. Scott Reckard
August 14, 2014

The cost of getting a home loan has slipped back to the lowest level of the year, with Freddie Mac pegging the average rate for a 30-year fixed mortgage early this week at 4.12% compared to last week’s 4.14%.

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Warren Buffett

Warren Buffett’s Berkshire Hathaway is trading above $200,000 for the first time.

By Andrew Khouri
August 14, 2014

Shares of billionaire Warren Buffett’s Berkshire Hathaway traded above $200,000 for the first time — nearly eight years after topping the $100,000 mark.

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InlandPolitics: Sterling appeal denied

Gavel

Thursday, August 14, 2014 – 09:00 a.m.

For our readers who happen to be Clipper fans.

The California Second District Court of Appeal has put a fork in Donald Sterlings last minute attempt to reverse the sale of his former team.

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LATimes: Southern California home sales plunge in July

down-arrow

By Andrew Khouri
August 13, 2014

Southern California home sales plunged in July and show little signs of rebounding. And that, economists say, could stunt the region’s economic growth.

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LATimes: Steve Ballmer is officially new owner of Clippers, NBA says

Los Angeles Clippers

The $2-billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer was finalized Tuesday.

By Ben Bolch, Nathan Fenno and Melissa Rohlin
August 12, 2014

The NBA announced that Steve Ballmer’s $2-billion purchase of the Clippers had closed on Tuesday, making the former Microsoft CEO the undisputed owner of the team.

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LATimes: Lower-paying jobs dominate economic recovery, study finds

Jobs

By Chris Kirkham
August 11, 2014

The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Aug. 12, 2014 – 12:00 am

When Capitol insiders talk about a “bag bill,” it refers to something for which an interest group is willing to spend big money – legally, it’s presumed – to see done.

Senate Bill 270, one might say, is a double bag bill.

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InlandPolitics: Ebola breaks out of Africa, treatment surfaces

Mapp Bio

Monday, August 11, 2014 – 09:00 a.m.

One has to wonder.

The current scare over the Ebola virus is well taken. You know, that virus that causes out-of-control internal hemorraging and organ failure, and ultimately death in ninety-percent of those infected.

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NYTimes: Print Is Down, and Now Out

newspaper-future

Media Companies Spin Off Newspapers, to Uncertain Futures

By DAVID CARRAUG. 10, 2014

A year ago last week, it seemed as if print newspapers might be on the verge of a comeback, or at least on the brink of, well, survival.

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InlandPolitics: This and That!

Edit

Sunday, Augusr 10, 2014 – 11:00 a.m.

Here’s some news flowing across the transom last week. In case you missed it!

Unemployment claims drop by 18,000

First-Time Jobless Claims dropped by 18,000 to 289,000, according to Thursday’s report by the Labor Department. The four-week moving average of 293,500 is the lowest since 2006. The claims estimate was for 305,000.

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The PE: INLAND: Home construction industry building momentum

Home Construction

Builders are reviving Inland housing projects in master-planned developments derailed by the recession. Development areas include Riverside, Chino, Temecula, Ontario, Banning/Beaumont, Coachella, Calimesa, Lake Elsinore, Menifee, Murrieta, Rancho Cucamonga, San Jacinto, Redlands.

BY DEBRA GRUSZECKI / STAFF WRITER
Published: Aug. 9, 2014 Updated: 7:57 p.m.

Across the Inland region, developers are looking with renewed interest at thousands of acres where residential communities were approved or under construction when the recession hit – but never finished.

From Temecula and Riverside to Redlands and Ontario and beyond, construction crews are at work on developments that had languished for years as the Inland region crawled through economic hard times.

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

The PE: REAL ESTATE: Rising home prices take noticeable bite out of buying power

Home-Sales-R

While home prices have rise risen, income gains have not kept pace

Published: Aug. 8, 2014 Updated: 10:31 p.m.

Home affordability is a growing concern in Southern California, so much so that some real estate analysts are watching for signs of a post-recession housing bubble.

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

LATimes: New FICO criteria could help borrowers

Credit Cards

FICO changes could make it easier for some consumers to get loans and credit cards at lower rates. (Elise Amendola / Associated Press)

By E. Scott Reckard and Tim Logan
August 8, 2014

The nation’s dominant credit-scoring system is being revised in a way that could save consumers nationwide billions of dollars, especially in qualifying for mortgages, auto loans and credit cards at lower interest rates.

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Los Angeles Clippers

By Nathan Fenno
August 8, 2014

An appeals court denied Donald Sterling’s petition late Friday to stay last month’s probate court ruling against him, the latest round of legal wrangling over the proposed $2-billion sale of the Clippers to Steve Ballmer.

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SacBee: Dan Walters: Legislature ducking debate on big fuel price hike

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Thursday, Aug. 7, 2014 – 9:06 pm
Last Modified: Friday, Aug. 8, 2014 – 12:07 am

When the Legislature adjourns this month, it will likely leave Assembly Bill 69 still sitting in the Senate Rules Committee, thereby avoiding an election-year debate on whether California motorists should cough up billions of extra dollars when they buy gas.

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Bank of America

FILE – In this Jan. 14, 2014, file photo, a Bank of America sign is photographed in Philadelphia. A person familiar with the matter says Bank of America has agreed to pay between $16 billion and $17 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis. (AP Photo/Matt Rourke, File)

By Kevin Smith, San Gabriel Valley Tribune

Posted: 08/06/14, 7:20 PM PDT | Updated: 1 min ago

Bank of America has tentatively agreed to pay up to $17 billion to settle an investigation into its sale of toxic mortgage-backed securities leading up to the nation’s financial crisis, an insider said Wednesday.

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calpers

By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Aug. 6, 2014 – 11:24 pm

California officials are threatening to sue investment bank Morgan Stanley over a series of toxic real estate investments that allegedly cost CalPERS nearly $200 million.

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The Sun: SEC files complaint against Redlands broker for theft of accounts

U.S. SEC

By Sandra Emerson, Redlands Daily Facts
Posted: 08/04/14, 11:44 PM PDT |

REDLANDS >> A Redlands broker has been charged by the U.S. Securities and Exchange Commission with stealing $4.4 million from two trust brokerage accounts at his firm and diverting it to friends to spend on luxuries.

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The Sun: Negotiations for control of ONT continue

Ontario International Airport

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 08/04/14, 8:40 PM PDT |

ONTARIO >> Local officials say they continue to make progress with Los Angeles in negotiating for control of LA/Ontario International Airport.

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LATimes: Donald Sterling built an empire and an image; words were his undoing

Donald Sterling

Illustration by Robert Carter / For The Times

By Nathan Fenno, Kim Christensen, James Rainey
August 2, 2014

Inside the pillared estate on North Beverly Drive, after a television interview that lasted an hour and 20 minutes, Donald Sterling hoisted himself out of his chair. The Clippers owner and real estate mogul took a few steps before his knees buckled and he stumbled toward the living room floor.

Two people on either side kept the 80-year-old billionaire from falling, witnesses recalled.

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SacBee: Dan Morain: Zombie debt rises, 18 years later

Dan Morain

By Dan Morain
dmorain@sacbee.com
Published: Sunday, Aug. 3, 2014 – 12:00 am
Last Modified: Sunday, Aug. 3, 2014 – 12:19 am

On behalf of Cascade Capital LLC Series A, Convergent Outsourcing Inc. sent me a letter telling me I had past-due balance of $455.86.

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By Tiffany Hsu
August 2, 2014

A short gig doing security for the True Blood television show. A stint driving for a rental car company. A week as a customer service representative at a retail store.

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SacBusinessJournal: Treasurer Lockyer: Push to extend Prop. 30 taxes inevitable

Bill Lockyer

Lockyer

Allen Young, Staff Writer
Jul 31, 2014, 2:46pm PDT – Updated: Jul 31, 2014, 3:04pm PDT

State Treasurer Bill Lockyer said Thursday he predicted an inevitable political push to extend the 2012 tax hike known as Proposition 30, but he expects the measure will return to voters before it expires in two years.

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Keyboard

A district court judge ruled Thursday that Microsoft must comply with law-enforcement demands even for user data stored on servers in Ireland.

By Dustin Volz
July 31, 2014

– A federal judge ruled Thursday that U.S. law-enforcement authorities can force Microsoft to hand over emails that are stored on servers in Ireland.

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LATimes: U.S. economy grows at 4% annual rate in second quarter

Economy

By Jim Puzzanghera, Don Lee
July 30, 2014

The economy’s strong second-quarter growth showed the recovery has regained momentum after a brutal winter and could signal a quicker end to the era of rock-bottom interest rates.

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McClatchyDC: Fed taper continues, on pace to end in October

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington

By Kevin G. Hall
McClatchy Washington Bureau
July 30, 2014

WASHINGTON — Citing the improving economy and a firming jobs markets, the Federal Reserve announced Wednesday it was again trimming its monthly purchases of government and mortgage bonds by another $10 billion and is on pace to end the program this year.

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The Sun: Judge rules against Donald Sterling, Clippers sale can proceed

Los Angeles Clippers

By Jack Wang, Los Angeles Daily News
Posted: 07/28/14, 2:55 PM PDT | Updated: 49 secs ago

On Monday afternoon, Shelly Sterling walked into a hallway at Los Angeles Superior Court and cried.

Moments earlier, Judge Michael Levanas had issued a tentative oral decision overwhelmingly in her favor — likely clearing the way for the Clippers’ $2 billion sale to Steve Ballmer, and ending a turbulent three-month saga sparked by Donald Sterling’s racist comments.

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By Rebecca Robbins
July 28, 2014 at 11:38 AM

The top American airlines are making more money than ever — but don’t expect it to mean lower prices for passengers.

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The Sun: Ontario airport, area hotels report some growth in 2014

ontario airport

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/27/14, 9:28 PM PDT | Updated: 37 secs ago

Ontario and Rancho Cucamonga hotels near the L.A./Ontario International Airport are reporting occupancy growth this year, as airport officials report some growth in passenger traffic during the first half of 2014.

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The Sun: Inland Empire housing market still in flux

Arrow

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 07/27/14, 6:24 PM PDT | Updated: 1 min ago

It was supposed to be a breakout year for home sales.

But after years of recession that bulldozed the Inland Empire housing market, there are still glitches in the road to recovery.

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LATimes: Housing labor shortage turning more severe, boosting home prices

Home Construction

By Lew Sichelman
July 26, 2014

If your builder is late delivering your new house, don’t be too upset. You are not alone. New home buyers almost everywhere are probably experiencing the same thing.

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LATimes: Gasoline prices falling in California, across nation

Fuel Gas

The average price for regular gasoline in California fell below $4 a gallon on Friday, according to one gauge.

By Andrew Khouri
July 25, 2014

California gasoline prices are falling, welcome news for motorists amid the summer driving season.

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DailyBulletin: CSUSB study highlights public perception of Inland Empire economy

California State University - San Bernardino

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/22/14, 9:47 PM PDT | Updated: 1 min ago

Upland resident Mirella Lozano has hope.

Despite being unemployed for five years, he’s optimistic about San Bernardino County’s job market.

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Economy

By Bernard Condon
Associated Press
Posted: 07/22/2014 11:58:06 AM PDT0 Comments
Updated: 07/22/2014 04:52:56 PM PDT

NEW YORK — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

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VVDailyPress: Economist sees full recovery in 15 months

John Husing

UNEMPLOYMENT
Region could make up all jobs lost in Great Recession by September 2015
SHEA JOHNSON
STAFF WRITER
Posted Jul. 22, 2014 @ 7:48 am / Updated at 7:53 AM

Even as the region lags behind the state, the economy in San Bernardino and Riverside counties is on track to fully recover all the jobs it lost during the Great Recession by September 2015, noted economist John Husing said Monday.

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InlandPolitics: This and That!

Edit

Monday, July 21, 2014 – 09:30 a.m.

Here’s some news flowing across the transom Monday morning. In case you missed it!

Jerry Brown for President?

We’ll start off with this morning’s humor.

Read the rest of this entry »

LATimes: Three NFL teams on a short lease: Might they respond to L.A.’s call?

NFL

By Sam Farmer
July 19, 2014

San Diego Chargers, St. Louis Rams and Oakland Raiders have stadium leases that could make move to L.A. viable

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unemployment

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/18/14, 6:13 PM PDT | Updated: 49 secs ago

California’s economic recovery hit a milestone last month as the state finally regained all of the jobs it lost in the Great Recession.

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SJMercuryNews: Comcast customer-service horror story resonates web-wide

Comcast

By Angela Hill
ahill@bayareanewsgroup.com
Posted: 07/16/2014 04:15:47 PM PDT9 Comments
Updated: 07/16/2014 04:45:56 PM PDT

By now, you likely know of the Comcast call heard round the Internet — the eight-minute segment of an excruciating 18-minute phone call that tech journalist Ryan Block endured with a so-called customer-service rep when he tried to cancel his service.

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marijuana-leaf

By Evan Halper
July 16, 2014

When it comes to liberalizing marijuana policy, Congress has once again shown that it is not always the liberals taking the lead.

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IEBusinessDaily: Anti-Development efforts hold back job-creating solar project

Solar Panels

July 16, 2014

A clean energy company is continuing its fight to build a job-creating solar power generation facility on 23 acres in unincorporated Apple Valley. Clean Focus Corporation was denied its conditional use permit request via a 3-0 vote by the San Bernardino County Planning Commissioners on June 19, and is appealing that decision in front of the Board of Supervisors on August 5th.

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Drought

By Matt Weiser
mweiser@sacbee.com
Published: Tuesday, Jul. 15, 2014 – 5:11 pm
Last Modified: Wednesday, Jul. 16, 2014 – 9:34 am

It will now be considered a criminal act to waste water in California.

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Los Angeles Clippers

By Nathan Fenno
July 15, 2014

NBA Commissioner Adam Silver left open the possibility Tuesday that Donald and Shelly Sterling could still own the Clippers when the new season starts in October.

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SacBee: CalPERS, CalSTRS report 18 percent profit on investments

calpers

calstrs

By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Jul. 15, 2014 – 12:00 am
Last Modified: Tuesday, Jul. 15, 2014 – 12:13 am

Continuing to claw their way back from the 2008 market crash, California’s two giant public pension funds said Monday they each earned more than 18 percent on their investments in the just-ended fiscal year.

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CPR: California looks to regulate medical marijuana

Medical Marijuana

Monday, July 14, 2014 | Sacramento, CA

The strange bedfellows’ society was definitely in session at a recent Assembly Public Safety Committee hearing.

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bank-of-america

By E. Scott Reckard and Jim Puzzanghera
July 14, 2014

With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.

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Apple Hosts Its Worldwide Developers Conference

Apple CEO Tim Cook walks off stage after the keynote at the company’s Worldwide Developer Conference, when it unveiled a new programming language called Swift. (Justin Sullivan/Getty)

By Cade Metz
07.14.14 | 6:30 am

Chris Lattner spent a year and a half creating a new programming language—a new way of designing, building, and running computer software—and he didn’t mention it to anyone, not even his closest friends and colleagues.

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WSJ: For Fed, Raising Rates Won’t Be Easy

federal reserve

The Wall Street Journal
By Justin Lahart
JUly 13, 2014

Any time the Federal Reserve raises interest rates, there is risk to the economy. The next time it does so will be far more fraught than ever before.

The Federal Reserve is hoping it will be able to raise rates without rattling markets. Doing so after injecting so much money into the banking system may not come easily.

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VVDailyPress: SCLA expansion hinges on developing open spaces

SCLA

A worker at Southern California Logistics Airport works on an aircraft engine. (Sarah Alvarado/Daily Press)

SHEA JOHNSON
STAFF WRITER
Posted Jul. 12, 2014 @ 7:09 pm
Updated Jul 12, 2014 at 7:22 PM

VICTORVILLE — Parked airplanes dotted a wide expanse of concrete, nestled in hangars and lined up in rows in areas often mistaken for boneyards. During a recent tour of Southern California Logistics Airport, the massive logistics and industrial park seemed rather quiet while certain corners faded into the abandoned George Air Force Base housing not far away.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jul. 13, 2014 – 12:00 am

Were California a nation, we learned last week, its $2.2 trillion economy could claim eighth place in international economic standings, having bypassed Italy and Russia in the last year.

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CCTimes (AP): Former CalPERS CEO pleads guilty to bribery, fraud

calpers

By Paul Elias, Associated Press
Posted: 07/11/2014 12:10:10 PM PDT
Updated: 07/11/2014 03:46:48 PM PDT

SAN FRANCISCO — The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Thursday, July 10, 2014 – 10:00 a.m.

Here’s some news flowing across the transom this week. In case you missed it!

Riverside ends red-light cameras

The Riverside City Council has now fallen in-line with pretty much every other Inland city.

Read the rest of this entry »

Colonies Crossroads Shopping Center

Restaurant development across the Inland Empire is on the rise as the economy improves. Panera Bread, Pick Up Stix, Chipotle and The Habit are among the new offerings at The Colonies Shopping Center in Upland. (Neil Nisperos — Staff)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/09/14, 9:43 PM PDT |

Newer large shopping centers in the region have opened with a slate of new eateries in the past year and more may arrive in the coming months.

The trend indicates a return to normalcy for the regional economy, as restaurant construction and openings had stagnated during the recession and business slowdown.

Read the rest of this entry »

Prime Healthcare Services

By Christopher Cadelago
ccadelago@sacbee.com
Published: Wednesday, Jul. 9, 2014 – 4:58 pm

California’s dominant healthcare union has taken the “extraordinary” step of requesting that elected officials refrain from accepting political contributions from an Ontario-based hospital chain and its chief executive.

Read the rest of this entry »

Ontario International

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/08/14, 10:17 PM PDT | Updated: 43 secs ago

ONTARIO >> Following six consecutive years of decline, passenger traffic at LA/Ontario International Airports has apparently stabilized in the early part of 2014.

But members of the Ontario International Airport Authority are reluctant to equate the recent reports as good news for the medium-hub facility.

Read the rest of this entry »

SacBee: California has world’s eighth-largest economy, beating Russia, Italy

California Money

By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Jul. 8, 2014 – 12:00 am
Last Modified: Tuesday, Jul. 8, 2014 – 2:57 am

California’s economy has overtaken Russia and Italy, with the state now ranked as the world’s eighth-largest economy.

Read the rest of this entry »

DailyBulletin: ONT passenger traffic expected to remain steady for the year

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/03/14, 12:25 PM PDT | Updated: 33 secs ago

ONTARIO >> When the latest passenger traffic figures for L.A./Ontario International Airport were released, a different trend emerged from what the medium-hub facility has experienced in the past three years.

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SacBee (AP): Clippers sale hangs in balance as trial begins

Los Angeles Clippers

By TAMI ABDOLLAH
Associated Press
Published: Sunday, Jul. 6, 2014 – 8:32 am
Last Modified: Monday, Jul. 7, 2014 – 12:38 am

LOS ANGELES — With the potentially record-breaking $2 billion sale of the Los Angeles Clippers hanging in the balance, a trial beginning Monday will focus on whether Donald Sterling’s estranged wife had the authority under terms of a family trust to unilaterally negotiate the deal.

Read the rest of this entry »

Lewis-Group-of-Companies

BY DEBRA GRUSZECKI / STAFF WRITER
Published: July 3, 2014 3:37 p.m.

Woodside Homes, a North Salt Lake City, Utah-based homebuilder with a presence in Inland Southern California, has purchased 291 lots in two master-planned communities in California from the Lewis Group of Companies, the companies announced.

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InlandPolitics: This and That!

Edit

Thursday, July 3, 2014 – 10:15 a.m.

Here’s some news flowing across the transom Thursday morning.

Official unemployment rate falls in June

According to the U.S. Department of Labor, 288,000 jobs were added in June. The number dropped the official unemployment rate (U-3) to 6.1%

Read the rest of this entry »

Ontario International Airport

Inland Valley Daily Bulletin L.A./Ontario International Airport General Manager Jess Romo says he welcomes the recent passenger traffic figures which seem to indicate the medium hub facility is moving away from years of decline.

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/02/14, 9:32 PM PDT |

ONTARIO >> Jess Romo, general manager of LA/Ontario International Airport, says he welcomes the recent passenger traffic figures which reveal that the medium hub facility is moving away from years of decline.

Read the rest of this entry »

DailyBulletin: Doctor’s behavior questioned in Donald Sterling court case

Donald Sterling

In this Dec. 19, 2011 file photo, Los Angeles Clippers owner Donald Sterling watches the Clippers play the Los Angeles Lakers during an NBA preseason basketball game in Los Angeles. (AP Photo/Danny Moloshok, File)

By Dakota Smith, Los Angeles Daily News
Posted: 07/01/14, 7:20 PM PDT |

One of the doctors who declared Los Angeles Clippers owner Donald Sterling mentally incompetent socialized with the billionaire at a hotel restaurant after the exam, raising questions about the physician’s conclusions, Sterling’s attorney said Tuesday.

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IEBusinessDaily: San Bernardino Airport pipe dream

Ontario International Airport

Ontario International Airport

IE Business Daily
June 28, 2014

Walt Disney had an irrepressible imagination that led him to dream big, create his own animation studio, and ultimately design and build the world’s preeminent theme park’s. Long after his passing, his vision continues to entertain billions of people, young and old. Even Michael Eisner’s leadership could not long stifle the Disney tradition.

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LATimes: Charles Munger’s Daily Journal dismisses Ernst & Young after dispute

Los Angeles Daily Journal

By Bloomberg News
June 26, 2014

Daily Journal Corp., the California publisher that counts billionaire Charles Munger as chairman, dismissed Ernst & Young after the auditor faulted the company’s accounting.

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SacBee: Moody’s raises California’s bond credit rating

Moody's Ratings

Capitol Alert
The latest on California politics and government
June 25, 2014

Moody’s Investors Service, one of the nation’s largest credit rating organizations, upgraded its rating of California’s $86 billion in general obligation debt Wednesday, citing the state’s “rapidly improving financial position.”

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InlandPolitics: This and That!

Edit

Wednesday, June 25, 2014 – 09:45 a.m.

Here’s some news flowing across the transom Wednesday, in case you missed it.

First-Quarter GDP goes in the tank

First-Quarter Gross Domestic Product (GDP), the output of all goods and services produced, contracted more than first reported.

Read the rest of this entry »

Private Equity

By Mark Glover
mglover@sacbee.com
Published: Tuesday, Jun. 24, 2014 – 11:48 am

California led all states in the number of companies with private equity investments in 2013, but it was far behind Texas in total dollars invested, according to the Washington, D.C.-based Private Equity Growth Capital Council.

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InlandPolitics: This and That!

Edit

Tuesday, June 24, 2014 – 10:00 a.m.

Here’s some news flowing across the transom Tuesday morning, in case you missed it.

U.S. Consumer Confidence Index hits post-recession high

The Consumer Confidence Index hit 85.2 in June, according to the Conference Board.

Read the rest of this entry »

Los Angeles Clippers

James Rainey
June 23, 2014

Shelly Sterling appeared to have the advantage after an initial hearing in probate court Monday, with a Los Angeles Superior Court judge saying that the terms of a family trust may give Donald Sterling little room to rebut a finding that he is mentally incapable of continuing as co-owner of the Clippers.

Read the rest of this entry »

NYTimes: Health Insurers Pressing Down on Drug Prices

Drugs+Money

Business Day

By ANDREW POLLACK
JUNE 20, 2014

In dealing with health plans, drug companies are facing a new imperative — bargain or be banned.

Determined to slow the rapid rise in drug prices, more health plans are refusing to cover certain drugs unless the companies charge less for them.

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The Sun: New owners of San Bernardino’s largest hotel plan upgrade this year

Hotel San Bernardino

Many will lose their jobs, but the loss of the Hilton in San Bernardino will hit more than jobs, as travelers become wary of even staying in San Bernardino. The news is yet another hit for the city, which has seen major attractions head west — to Ontario, for instance.

By Jim Steinberg, The Sun
Posted: 06/20/14, 8:44 PM PDT |

SAN BERNARDINO >> The new owners of this city’s largest hotel say late this year they plan a major upgrade of the 251-room property, which is called “The Hotel of San Bernardino.”

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By Kevin Smith, San Gabriel Valley Tribune
Posted: 06/20/14, 5:42 PM PDT | Updated: 43 mins ago

Job growth dipped sharply in California last month but the state’s unemployment rate hit its lowest level since August 2008.

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SacBee: Jerry Brown signs $156.3 billion state budget

California Seal

Capitol Alert
The latest on California politics and government
June 20, 2014

Gov. Jerry Brown signed the state budget Friday, one of the earliest signings in recent history, his office announced.

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ftb

By Mark Glover
mglover@sacbee.com
Published: Friday, Jun. 20, 2014 – 11:51 am

The state Franchise Tax Board said it is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns.

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The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

Chris Kirkham
June 20, 2104

The Inland Empire east of Los Angeles is projected to be one of the fastest-growing large metropolitan area economies in the country over the next six years, according to a forecast released Friday at the United States Conference of Mayors.

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Starbucks

Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week.

Javier Panzar
June 20, 2014

Some coffee prices at Starbucks are going up.

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InlandPolitics: This and That!

Edit

Friday, June 20, 2014 – 09:00 a.m.

Here’s some news flowing across the transom Friday morning, in case you missed it!

Romney tops New Hampshire straw poll

With the Presidential Election a little more than two years off, the finger-in-the-water polling has started.

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