Archive for the ‘ Business ’ Category

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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%

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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.

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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.

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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.

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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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down-arrow

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.

Read the rest of this entry »

SBD International Airport

By Joe Nelson, The Sun
Posted: 06/19/14, 8:30 PM PDT |

San Bernardino International Airport’s interim executive director, A.J. Wilson, may be retiring, but his departure comes amid some major new arrivals and developments at the airport.

Read the rest of this entry »

Economy - What's Next

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/19/14, 7:25 PM PDT | Updated: 16 secs ago

Regional economist Christopher Thornberg, a frequent commentator on national television and print media, told a gathering of the local commercial real estate professionals on Thursday that the warehousing and shipment of goods is going to be the major economic engine for the continued growth of the Inland Empire.

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InlandPolitics: This and That!

Edit

Thursday, June 19, 2014 – 11:00 a.m.

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

High Desert cities approve budgets

Two High Desert cities have approved balanced budgets, for their 2014-15 fiscal years.

Read the rest of this entry »

SCE

By Nick Green, Daily Breeze
Posted: 06/18/14, 2:35 PM PDT |

Southern California Edison’s almost 5 million customers can expect to see average increases of between $5 and $10 on their next monthly electricity bill, officials with the utility said Wednesday at a Torrance news briefing.

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InlandPolitics: This and That!

Edit

Wednesday, June 18, 2014 – 10:30 a.m.

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

U.S. revenues hit all-time record, still running deficit

The amount of money the U.S. Government took in, through the month of May, has hit a new record of $1.93 trillion.

Read the rest of this entry »

National Community Renaissance

By Ryan Hagen, The Sun
Posted: 06/16/14, 10:34 PM PDT | Updated: 1 min ago

SAN BERNARDINO >> The nonprofit group behind the Waterman Gardens Affordable Housing Project will build 75 affordable units at Ninth Street and Valencia Avenue, replacing that number of low-income apartments at Waterman Gardens with ones sold at market rate.

The switch follows a 6-1 vote at Monday’s City Council meeting, with Councilman John Valdivia opposing the plan.

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calpers

By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Jun. 17, 2014 – 10:25 pm

CalPERS’ health care premiums are going up again for hundreds of thousands of public employees and their families, although 40 percent of CalPERS members will see their rates decline.

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InlandPolitics: Is there a new investor bubble?

question-mark

Tuesday, June 17, 2014 – 11:00 a.m.
Last Modified: Wednesday, June 18, 2014 – 12:30 a.m.

One has to wonder what’s coming down the road for the economy. There’s no debate that the Federal Reserve was responsible for the Internet and real estate bubbles, of the past.

The big question here is how big is the new Federal Reserve-driven stock and real estate bubble?

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InlandPolitics: Could San Bernardino use shuttered hotel for homeless?

San Bernardino City Hall

Sunday, June 15, 2014 – 09:30 a.m.

Could bankrupt San Bernardino use the shuttered Maruko Hotel for the homeless?

It’s an interesting question that proves a point.

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InlandPolitics: Los Angeles Kings win second Stanley Cup

 LA Kings

Saturday, June 14, 2014 – 04:00 p.m.

Congratulations to the Los Angeles Kings Hockey Club and Coach Darrell Sutter.

The Kings bagged their second Lord Stanley’s Cup, with their Friday night defeat of the New York Rangers, by a score of 3-2.

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Los Angeles Clippers

A confidant of Donald Sterling says firms hired by the Clippers owner have dug up “dirt” on other NBA executives.

James Rainey
June 13, 2014

Clippers owner Donald Sterling has hired four firms to dig up embarrassing information about NBA executives and fellow team owners, according to a person familiar with the latest escalation in Sterling’s seven-week battle to maintain control of his team.

Read the rest of this entry »

UCLA Anderson_logo

Chris Kirkham
June 13, 2014

Job growth in much of California has outpaced the national average over the last year, signaling a continued economic rebound for the state in the coming years, according to the quarterly UCLA Anderson Forecast released Thursday.

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InlandPolitics: SBIA Executive Director Wilson to leave June 30

SBD International Airport

Thursday, June 12, 2014 – 04:30 a.m.

The never ending saga, surrounding the redevelopment of the former Norton Air Force Base, continued Thursday, with the announcement that the executive director of the San Bernardino International Airport, is leaving June 30.

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InlandPolitics: Talk between San Bernardino, developer over downtown mall?

Rumor Mill

Wednesday, June 11, 2014 – 03:00 p.m.

We’ll preface this by saying it’s just a rumor.  A pretty interesting rumor for that matter.

Read the rest of this entry »

down-arrow

By Robin Respaut
Wed Jun 11, 2014 – 12:30pm EDT

(Reuters) – For the first time in six months, the state of California’s revenues in May fell short, by $389.1 million, or 5.5 percent, of Governor Jerry Brown’s proposed budget.

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InlandPolitics: Commentary: Little return on invested funds?

red-ink

Wednesday, June 11, 2014 – 10:30 a.m.
Last Modified: Wednesday, June 11, 2014 – 05:00 p.m.

The bad news just keeps piling up for bankrupt San Bernardino, and the surrounding area, these days. A city, and area, that has been the beneficiary of more than $ 1.026 Billion in government projects over the past several years.

That’s right. I did say billion!

Read the rest of this entry »

Los Angeles Clippers

Shelly Sterling is expected to argue that her estranged husband Donald Sterling is not competent in matters regarding the sale of the Clippers.

James Rainey, Mike Bresnahan
June 10, 2014

The latest round in the contentious legal wrangling over ownership of the Clippers is scheduled for Wednesday morning, when Shelly Sterling’s attorneys plan to go to court to ask a judge to expedite a hearing validating her takeover of a family trust — an action she used to clear the way for her sale of the NBA franchise.

Read the rest of this entry »

california_state_flag

Jun 10, 2014, 2:07pm PDT
Steven E.F. Brown
Web Editor- San Francisco Business Times

“Where is the growth in sales tax transactions?” asked California Controller John Chiang in his monthly report on the Golden State’s cash balance.

Read the rest of this entry »

SFChronicle: Bump at pump in January to help speed bullet train project

Jerry Brown+High Speed Rail

Phillip Matier And Andrew Ross
Updated 3:02 am, Monday, June 9, 2014

California drivers are going to see a bump at the pump starting Jan. 1 – with a good chunk of the money going to kick-start Gov. Jerry Brown’s struggling high-speed rail project.

Read the rest of this entry »

Los Angeles Register

In the last 10 months, Orange County Register parent Freedom Communications Inc. purchased the Riverside Press-Enterprise and launched two new papers, the Long Beach Register and Los Angeles Register. (Bryan Chan / Los Angeles Times)

Stuart Pfeifer
June 9, 2014

Dozens of veteran journalists have applied for voluntary buyouts at the Orange County Register, and those who haven’t are bracing for layoffs in the latest sign that the daily paper’s expansion is faltering.

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InlandPolitics: Will makeover solve SBD airport woes?

SBD International Airport

Monday, June 9, 2014 – 08:30 a.m.

It’s round twenty for San Bernardino International Airport (SBD).

While nearby Ontario International Airport struggles to regain passenger traffic count, officials at SBD are hoping that a new makeover will help the aging and dormant facility re-market itself.

Read the rest of this entry »

Gavel-Legal

By Ed Mendel
Monday, June 9, 2014

Stockton filed a revised debt-cutting plan last week that could lead to a deal with a holdout creditor, Franklin bonds, possibly enabling the city to emerge from bankruptcy without cutting pensions.

Read the rest of this entry »

Los Angeles Clippers

Ben Bolch
June 8, 2014

NBA Commissioner Adam Silver said he had “absolute confidence” the sale of the Clippers would be completed by mid-July because the indemnification team co-owner Shelly Sterling agreed to should protect the league from lawsuits brought by her husband, Donald.

Read the rest of this entry »

InlandPolitics: Commentary: William “Buck” Johns returns again

Snake Oil

Sunday, June 8, 2014 – 12:30 p.m.

It just never ends!

William “Buck” Johns is back at it again.

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question-mark

Sunday, June 8, 2014 – 12:00 p.m.

Some ominous business activity is raising questions over the actual health of the East San Bernardino Valley business climate.

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Buck Johns

Johns defends his reputation in the Victor Valley

June 07, 2014 7:38 PM
BROOKE SELF, STAFF WRITERB

ADELANTO • One of two high-profile developers who wants to bring a 3,280-bed jail to Adelanto that would house an overflow population of Los Angeles County inmates defended his past dealings in the Victor Valley this week and said the new facility would bring a much-needed boost to the local economy.

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LATimes: Bidding for Clippers was ‘like speed dating’

Shelly Sterling+Donald Sterling

Shelly Sterling was calm and in control as billionaire suitors made their pitches to buy the Clippers, insiders say.

James Rainey
June 7, 2014

The billionaire suitors came one after another, pulling up to the beachfront mansion just steps up the coast from the exclusive Malibu Colony. A lucky few had been asked to meet with Shelly Sterling — the Clippers were for sale.

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LATimes: Job recovery in Southern California is outpacing U.S. gains

Economy

Tiffany Hsu
June 6, 2014

Southern California fell harder in the recession than the rest of the country and took longer to recover, but now the region’s job gains are outpacing the national employment upswing.

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Goodman Logistics Center

COURTESY Rendering of the Goodman Logistics Center coming to Rancho Cucamonga.

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/05/14, 10:22 PM PDT | Updated: 53 secs ago

RANCHO CUCAMONGA >> A major global developer of warehousing and logistics centers is bringing a new facility to this city and it’s expected to bring thousands of jobs with it.

Read the rest of this entry »

Gavel

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 06/05/14, 1:55 PM PDT |

RIVERSIDE >> Citing the lack of progress in the last four months, a judge has given Ontario and Los Angeles more time to gather evidence in their dispute over control of L.A./Ontario International Airport.

Read the rest of this entry »

LATimes: Donald Sterling agrees to Clippers sale, will drop lawsuit against NBA

bag_of_money

Clippers owner Donald Sterling hasn’t spoken publicly about the team since his wife conducted a speedy sale of the franchise last week.

James Rainey
June 4, 2014

Donald Sterling has agreed to go along with the $2-billion sale of the Clippers negotiated by his wife, Shelly, in an agreement that will also lead the NBA to drop its administrative charges against the longtime team owners, Sterling’s attorney said Wednesday afternoon.

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LATimes: Donald Sterling, hoping to fix his reputation, could return to court

Shelly Sterling+Donald Sterling

Clippers owner Donald Sterling, right, believes he could have gotten even more than $2 billion for the team if he negotiated the franchise’s sale instead of his wife, Shelly Sterling, his lawyer said. (Andrew D. Bernstein / Getty Images; Danny Moloshok / Associated Press)

James Rainey, Nathan Fenno
June 3, 2014

Donald Sterling remains holed up in his Beverly Hills mansion, ostracized by many, banned by the NBA and yet quietly pleased that his Los Angeles Clippers last week fetched a record sales price of $2 billion.

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OCRegister: Register owner announces cutbacks

pink_slip

BY MARY ANN MILBOURN / STAFF WRITER
Published: June 3, 2014 Updated: 5:27 p.m.

The owner of the Orange County Register on Tuesday announced a major restructuring that includes staff furloughs, voluntary newsroom buyouts, layoffs and the consolidation of the company’s Long Beach newspaper with the Los Angeles Register six days a week.

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VVDailyPress: Familiar name involved in jail proposal

Buck Johns

‘Buck’ Johns pitching private facility to ease woes in LA County

May 31, 2014 7:09 PM
SHEA JOHNSON, STAFF WRITER

ADELANTO • City Manager Jim Hart said this week Adelanto would allow a new private correctional facility on its turf in a potential deal being marketed right now to Los Angeles County by a familiar and controversial figure.

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InlandPolitics: LA Kings to compete for second NHL Stanley Cup

LA Kings

Sunday, June 1, 2014 – 11:00 p.m.

The Los Angeles Kings Hockey Club will return to the Stanley Cup Finals on Wednesday Night, at Staples Center.

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SBCO Seal

The plan was to make money from the venue, but instead the county has had to kick in money to meet expenses

Published: May 31, 2014 10:18 p.m.

When San Bernardino County was planning to build an outdoor amphitheater in a natural bowl at Glen Helen Regional Park, officials saw it as a potential cash cow.

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

Cassie MacDuff

By Cassie MacDuff, Staff Columnist
Published: May 31, 2014 Updated: 6:32 p.m.

Ontario’s lawsuit against Los Angeles to regain control of Ontario International Airport will be back in court next week.

Lawyers for the sparring sides are mum.

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

InlandPolitics: This and that!

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Saturday, May 31, 2014 – 10:00 a.m.

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

Sterling Trust sells Los Angeles Clippers

The Sterling Family Trust and Shelly Sterling has agreed to sell the Los Angeles Clippers to Former Microsoft Executive Steve Ballmer for $2 billion.

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DailyBulletin: Upland extends trash contract with Burrtec

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By Liset Marquez, Inland Valley Daily Bulletin
Posted: 05/30/14, 9:43 PM PDT |

UPLAND >> The City Council has given the green light to a $60 million contract extension with Burrtec for solid waste collection.

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SFChronicle: Bill passes to push California’s minimum wage to $13 an hour

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Melody Gutierrez
Updated 1:03 am, Friday, May 30, 2014

(05-29) 18:40 PDT Sacramento — Calling last year’s minimum wage hike a good first step, the California Senate approved a measure Thursday that would further lift the pay floor to $13 an hour by 2017.

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