Archive for the ‘ Business ’ Category

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

Goodman Birtcher Logistics Center

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

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

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

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LATimes: California adds 44,200 jobs in August

Jobs

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

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

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SacBee: CalPERS gets $88 million in Citi settlement

calpers

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

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

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

California Poverty

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

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

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

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

LATimes: New Anthem Blue Cross plan takes on Kaiser

AnthemBlueCrossLogo

By Chad Terhune
September 16, 2014

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

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

SBIA

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

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

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LATimes: CalPERS decides hedge funds are a sell

Photo: CalPERS board

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

By Marc Lifsher
September 15, 2104

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

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SacBee: CalPERS cleared to sue ratings agencies

California Supreme Court

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

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

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Home Construction

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

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

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

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

Rialto-Seal

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

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

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

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

For Sale

By Andrew Khouri
September 12, 2014

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

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For Sale

Housing price reductions are rising in the Southland

By Tim Logan, Andrew Khouri

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

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

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

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

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For Sale

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

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

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

UCLA Anderson_logo

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

By Tiffany Hsu
September 11, 2014

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

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DailyBulletin: Survey predicts tough job market, lower wages

Economy

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

Looking for full-time work?

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

Read the rest of this entry »

InlandPolitics: A few takes, questions from California Governor debate

Jerry Brown

Brown

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

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

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

Read the rest of this entry »

Jobs

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

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

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Labor Force Participation - August 2014

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

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

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San Onofre

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

By Marc Lifsher
September 5, 2014

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

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

Bloomberg-Businessweek

By Karen Weise
September 04, 2014

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

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

Texas Flag + California Flag

By Tiffany Hsu
September 4, 2014

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

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By Kate Linthicum
September 4, 2014

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

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

PIMCO

By E. Scott Reckard
September 2, 2014

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

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

Dan Walters

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

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

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Hmmm

By Kenneth R. Harney
August 31, 2014

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

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

California Money

By Chris Kirkham
August 30, 2014

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

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SacBee: California plastic bag ban heads to Jerry Brown

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

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

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SJMercuryNews: California marijuana market poised to explode

Medical Marijuana

By Patrick May
pmay@mercurynews.com

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

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

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

High-Speed Rail

The Atlantic

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

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

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Calpensions: Image-sensitive CalPERS has down week in media

calpers

By Ed Mendel
August 25, 2014

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

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Jerry Brown+Rick Perry

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

By Chris Kirkham
August 24, 2014

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

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

Bank of America

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

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

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

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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

Read the rest of this entry »

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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