Archive for the ‘ Business ’ Category

Jobs

Natalie Kitroeff
July 22, 2016

Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.

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NBC: Roger Ailes Resigns as Fox News CEO

Fox News

By Phil Helsel
Thursday, July 21, 2016

Roger Ailes resigned as chairman and CEO of Fox News Thursday, after days of speculation as to his future with the network after a sexual harassment lawsuit was filed against him by a former anchor, 21st Century Fox said.

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California

A new CNBC report ranks California as the nation’s least business-friendly state.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/19/16 – 6:00 PM PDT |

If you think California is a tough place to do business, you’re not alone.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 18, 2016 – 4:03 PM

  • Big public employee pension fund gained just 0.61 percent last year
  • With low earnings, its unfunded liability for benefits grows
  • Maintaining 7.5 percent earnings assumption doesn’t make sense

You can smear lipstick on a pig, but that doesn’t change its innate porcinity.

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calpers

Business & Real Estate
By Dale Kasler
dkasler@sacbee.com
July 18, 2016 – 9:11 AM

  • Pension fund’s investment gains well below target
  • Poor stock market showing drives weak results

CalPERS reported a 0.61 percent gain in investments in its latest fiscal year, the second straight year of subpar results for the big California pension fund.

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Calpensions: As CalPERS exits hedge funds, CalSTRS adds more

Hedge Fund

By Ed Mendel
July 18, 2016

The two big California public pension funds, CalPERS and CalSTRS, are going opposite ways on a controversial investment strategy, hedge funds, that is under fire from a powerful teachers union.

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Los Angeles

Southland economist Christopher Thornberg says California’s economy is solid, with healthy gains in employment and the housing market. Thornberg spoke Friday at a Mid-Year Economic Forecast & Trends Breakfast in Los Angeles. (File Photo by David Crane/Los Angeles Daily News)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/15/16 – 6:15 PM PDT |

The U.S. economy is in far better shape than many might think.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 12, 2016 – 3:04 PM

  • California Public Employees’ Retirement System lost money
  • Fund is now well short of what’s required to cover pensions
  • CalPERS demands more from governments to cover outlays

The California Public Employees’ Retirement System – the nation’s largest pension trust fund – took a beating during the Great Recession, dropping nearly $100 billion in value.

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calpers

By Teri Sforza / Staff Writer
July 12, 2016 – Updated 7:37 a.m.

Public workers are pumping more money into retirement funds. Public agencies are pumping more money into retirement funds.

Yet the market seems distinctly unimpressed.

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OxyContin

By Harriet Ryan, Lisa Girion and Scott Glover
July 10, 2016

In the waning days of summer in 2008, a convicted felon and his business partner leased office space on a seedy block near MacArthur Park. They set up a waiting room, hired an elderly physician and gave the place a name that sounded like an ordinary clinic: Lake Medical.

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San Onofre

Southern California Edison argued in a filing with state regulators that a settlement agreement over the shuttered San Onofre nuclear plant was fair and reasonable. (Mark Ralston/Getty Images)

Ivan Penn
July 7, 2016

Southern California Edison on Thursday warned that its customers could face higher costs related to the shuttered San Onofre nuclear plant if regulators overturn a settlement agreement.

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Prime Healthcare

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/06/16 – 10:51 PM PDT |

ONTARIO >> Ontario-based Prime Healthcare medical group responded Wednesday to news the federal government is joining a Medicare fraud lawsuit against the company, denying charges it admitted patients needlessly.

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Gas Prices

Gasoline prices are displayed at a California service station in May 2015. (Associated Press)

Ivan Penn
July 1, 2016

State Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year.

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Karma Automotive Factory

Robots rivet the side frame assembly on the body of a Revero electric car at the Karma automotive factory in Moreno Valley. Karma is the first car-building company in Southern California in decades. (Gina Ferazzi / Los Angeles Times)

Natalie Kitroeff
June 29, 2016

Los Angeles has hemorrhaged manufacturing jobs since 2007, casting a pall over the state’s economic recovery, according to a forecast released Tuesday by Chapman University.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
June 28, 2016 – 5:59 PM

  • Public Utilities Commission, Coastal Commission under fire
  • Critics say insiders have too much access to members
  • New bills would place limits on ‘ex parte’ communications

Lawyers love to sprinkle their discourse with Latin phrases, thereby giving them a veneer of erudition.

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The Sun: Highland to start review of Harmony project Thursday

City-of-Highland

By Sandra Emerson, Redlands Daily Facts
Posted: 06/25/16 – 5:14 PM PDT |

HIGHLAND >> The City Council meets Thursday to start its review of the proposed Harmony master-planned community.

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Home Construction

By Jonathan Lansner and Marilyn Kalfus, Staff Writers
Posted: 06/25/16 – 6:44 PM PDT |

Dave Miller leaves work in his gold GMC Sierra in midafternoon, loaded up with Arizona iced tea and sesame seeds. He tunes the radio to 95.5 FM KLOS, classic rock.

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NYSE Trading Floor

A television screen on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Friday, June 24, 2016. The DJIA dropped 611 points, or 3.4 percent, to 17,399 in heavy trading Friday. Stocks plunged in the U.S. and worldwide after Britain voted to leave the European Union. (AP Photo/Richard Drew)

By Rachel Uranga, rachel.uranga@langnews.com, @racheluranga on Twitter
Posted: 06/24/16 – 7:31 PM PDT |

Britain’s exit from the European Union shocked markets, reshuffled alliances and created a new political reality that experts say will be felt in Southern California.

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The Press-Enterprise: MORENO VALLEY: Warehouse battle continues in court

Moreno Valley seal

The focus of the legal challenges, for now, is on three initiatives that the City Council adopted.

By Imran Ghori / Staff WRiter
Published:  June 17, 2016
Updated:    June 18, 2016 – 6:30 a.m.

A legal battle over the World Logistics Center will continue through at least the summer as opponents and Moreno Valley square off over whether the city violated state law in approving three developer-backed initiatives.

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Jobs

Health services was one of the industries that added the most jobs in May.

Natalie Kitroeff
June 17, 2016

California’s job growth continued in May as employers added 15,200 people to their payrolls, according to a state data release.

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Los Angeles Times: Jacobs Engineering plans to move jobs from Pasadena to Texas

Texas Flag + California Flag

Jacobs Engineering Group brings in $12 billion in annual revenue and employs some 64,000 people.

Natalie Kitroeff
June 6, 2016

Jacobs Engineering Group, one of the world’s largest engineering companies, is preparing to move employees from its Pasadena headquarters to Dallas, becoming the latest major corporation to relocate significant operations from California to Texas.

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Calpensions: CalPERS ex-CEO sentenced, but probe continues

calpers

By Ed Mendel
June 6, 2016

A former CalPERS chief executive officer, Fred Buenrostro, was sentenced to 4½ years in prison last week for taking bribes, including $200,000 in cash, from a former CalPERS board member, Alfred Villalobos, who collected about $50 million in fees from private equity firms for helping them get investments from the big pension fund.

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Inland Empire

By Fielding Buck, The Press-Enterprise
Posted: 06/04/16 – 8:32 PM PDT | U

RIVERSIDE >> Inland Southern California’s long boom might be over, researchers suggested this week at UC Riverside.

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Bloomberg: Employers in U.S. Add Fewest Workers in Almost Six Years

Bloomberg Logo

Sho Chandra
Published: June 3, 2016 — 5:30 AM PDT
Updated:   June 3, 2016 — 6:04 AM PDT

Employers in May added the fewest number of workers in almost six years, reflecting broad cutbacks that may raise concern about U.S. growth and prompt Federal Reserve policy makers to put off an increase in interest rates.

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Citizens Business Bank Arena

Citizens Business Bank Arena in Ontario, built and is owned by the City of Ontario and is operated by AEG, one of the nation’s top entertainment presenters. (File Photo)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/01/16 – 2:16 PM PDT |

ONTARIO >> Management of the Citizens Business Bank Arena is switching from AEG Facilities to Ontario Convention Center operator SMG, officials announced Wednesday.

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Food Servers

Salad makers prepare lunch at Tender Greens in Santa Monica. Food servers are expected to see strong job growth through 2020. (Los Angeles Times)

Natalie Kitroeff
May 31, 2016

  • Food servers, who earn relatively little, will see strong job growth through 2020.

Los Angeles County will add hundreds of thousands of jobs over the next four years, most of them low paying, according to a report released Wednesday by the Los Angeles County Economic Development Corporation.

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Covered California

Noam N. Levey
May 31, 2016

Health insurance giant UnitedHealth Group, which sat out California’s implementation of the Affordable Care Act until this year, will not sell health plans on the state’s insurance marketplace in 2017, state and company officials said Tuesday.

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The Press-Enterprise: EASTVALE: Amazon announces fulfillment center

Amazon

Published: May 25, 2016 – Updated: 5:21 p.m.

Amazon announced today it will open a fulfillment center in Eastvale.

The online retail giant has fullfilment centers in Moreno Valley, Redlands, Rialto and San Bernardino. It also has a sortation center in San Bernardino.

To read article by Fielding Buck in The Press-Enterprise, click here.

Red Flag

By Jeff McDonald | May 25, 2016 – 9 p.m.

  • CPUC worked with utility on legal strategy during San Onofre investigation

Even as it was preparing to review a $4.7 billion deal settling costs for the failed San Onofre nuclear plant, the California Public Utilities Commission was working behind the scenes to draft and send subpoenas on behalf of plant owner Southern California Edison.

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Los Angeles Times

A large shareholder of L.A. Times owner Tribune Publishing has questioned the company’s decision to turn down a buyout offer from Gannett and sell millions of new shares to billionaire Patrick Soon-Shiong.

James Rufus Koren
May 26, 2016

Another major Tribune Publishing investor is crying foul over the company’s rejection of Gannett’s buyout offer — even as two more advisory firms weighed in to give the board cover against a possible shareholder lawsuit.

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Prime Healthcare

Paul Sisson
May 26, 2016

The U.S. Justice Department has joined a whistle-blower case against Prime Healthcare Services, adding significant weight to allegations of widespread Medicare overbilling at 14 of the company’s hospitals in California.

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Patrick Soon-Shiong

Patrick Soon-Shiong (Danny Moloshok / Associated Press)

James Rufus Koren
May 23, 2016

In the battle for control of Los Angeles Times parent Tribune Publishing, two health tech investors look to be the likely winners, while a massive newspaper company may walk away empty-handed.

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Up Arrow

Job growth picks up in April.

Natalie Kitroeff
May 20, 2016

California employers picked up hiring in April, adding 59,600 jobs during the month, according to state data released Friday.

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The San Diego Union-Tribune: Moody’s dings Southern California Edison

San Onofre

Reopening San Onofre nuclear settlement a ‘credit negative’

By Rob Nikolewski |
May 17, 2016 – 2:35 p.m.

It’s not a ratings downgrade, but Moody’s Investor Service on Tuesday called reopening the financial details of the San Onofre nuclear plant shutdown a “credit negative” for the plant’s operator, Southern California Edison.

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Los Angeles Times: Gannett’s bid for Tribune Publishing jumps to $15 a share

Los Angeles Times

The Los Angeles Times is owned by Tribune Publishing. (Al Seib / Los Angeles Times)

Robert Channick
May 16, 2016

Gannett boosted its all-cash offer to acquire Tribune Publishing to $15 per share, raising the stakes after the owner of the Los Angeles Times, Chicago Tribune and other major newspapers earlier this month rejected an unsolicited $12.25-a-share bid.

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Virgin America

A Virgin America plane taxis past an Alaska Airlines plane waiting at a gate at Seattle-Tacoma International Airport. (Ted S. Warren / Associated Press)

Hugo Martin
May 15, 2016

Executives at Southwest Airlines like to joke that they run a California airline, based in Texas.

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Oakland Magazine: Governor Jerry Brown Has Financial Link to Oakland Coal

Smoke and Mirrors

Public records show that Brown has financial ties to a company that could profit greatly from shipping coal through Oakland.

Mike Rosati
May 12, 2016

During a high-profile speech last July in Vatican City, Governor Jerry Brown told Pope Francis that “90 percent of the coal” reserves worldwide “can never be taken out of the ground” if the planet is to avoid a climate catastrophe. Brown’s remarks, which are posted on the governor’s official website, were hailed by climate change activists around the globe and further positioned Brown as a world leader in the fight to reduce greenhouse gas emissions.

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KQED: California’s Obamacare Premiums May Rise 8 Percent Next Year

Covered California

By Chad Terhune
California Healthline
May 11, 2016

California’s health insurance exchange estimates that its Obamacare premiums may rise 8 percent on average next year, which would end two consecutive years of more modest 4 percent increases.

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The Sun: Cadiz water project in Mojave Desert wins big in Appellate Court

Cadiz

By Jim Steinberg, The Sun
Posted: 05/10/16 – 6:53 PM PDT |

Cadiz Inc. won a decisive courtroom victory Tuesday for its plans to transfer ancient groundwater in a remote part of San Bernardino County’s Mojave Desert to parts of Orange County and other locations.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
May 10, 2016 – 3:33 PM

  • San Onofre nuclear power plant shut down
  • Secret deal stuck ratepayers with most costs
  • As probe continues, PUC reopens the case

The long-simmering scandal in the state Public Utilities Commission over a secret deal to stick ratepayers with most of the costs of shutting down the San Onofre nuclear power plant just got more interesting.

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Desert Hot Springs Seal

Marijuana boom coming to Desert Hot Springs

Paloma Esquivel
May 10, 2016

Carlos Bravo, the owner of a tow company here, was at work late last year when a real estate agent came to him offering half a million dollars for 5 acres of undeveloped, brush-pocked desert — five times what he’d paid for the land six months earlier.

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Gas Prices

By Nick Green, Daily Breeze
Posted: 05/10/16 – 8:11 AM PDT |

ExxonMobil successfully restarted its Torrance refinery and went without pollution-control devices for fewer than three hours before its electrostatic precipitator resumed operation, the region’s air pollution watchdog has confirmed.

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The San Diego Union-Tribune: State to reopen $4.7 billion San Onofre deal

CPUC

Deal left ratepayers to pay most of cost for premature shutdown of failed nuclear power plant

Jeff McDonald

By Jeff McDonald |
May 9, 2016 – 4:55 p.m.

State utility regulators on Monday reopened the agreement they approved in 2014 that assigned ratepayers the lion’s share of the multibillion-dollar cost for premature shutdown of the failed San Onofre nuclear power plant.

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Restaurant Worker

Restaurant workers, cashiers, parking lot attendants and other low-paid workers will benefit when California’s wage begins rising. But many business owners will be grappling with increased costs, leading to price hikes, reduced hours, increased automation or layoffs. (File)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/07/16 – 5:55 PM PDT |

California’s new minimum wage requirements are being hailed by supporters who say workers must earn a “living wage,” but others fear the pay hikes will fuel layoffs, higher prices and more automation as businesses scramble to offset increased costs.

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City of Industry

By Jason Henry, San Gabriel Valley Tribune
Posted: 05/07/16 – 5:24 PM PDT |

A year ago, a troubling audit found the City of Industry paid its former mayor’s companies more than $326 million over 20 years and put a spotlight on the manufacturing-heavy city of about 200 residents.

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Refinery

Flyers were placed on nearly every door within a mile radius of the ExxonMobil refinery notifying residents of the impending restart of the facility. Thursday, May 5, 2016, Torrance, CA. (Steve McCrank/Staff Photographer)

By Nick Green, Daily Breeze
Posted: 05/05/16 – 8:40 PM PDT |

The February 2015 explosion that shuttered the ExxonMobil plant in Torrance was the costliest disruption at a California refinery in the past 16 years, with motorists paying at least $2.4 billion in higher pump prices in the following six months, according to a recent RAND study.

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KPCC: Judge gives ExxonMobil OK to restart Torrance refinery

smiley emoticon

KPCC Staff
May 03, 2016 – 10:58 AM

A judge cleared the way Monday for ExxonMobil to restart its Torrance Refinery after an environmental group sued to keep it shut.

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KPBS: Deadline Passes In Probe Of Secret San Onofre Deal

Kamala Harris

Customers may now have little recourse for accountability for how they were handed a $3.3 billion bill for the San Onofre nuclear power plant’s shutdown after a radiation leak in 2012.

By Amita Sharma
Friday, April 29, 2016

Aired 4/29/16 on KPBS News.

While California Attorney General Kamala Harris gathers steam in her campaign to replace U.S. Sen. Barbara Boxer, the statute of limitations has run out for her to file charges for a secret meeting in Poland that spawned a San Onofre settlement.

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The Wall Street Journal: U.S. Growth Starts Year in Familiar Rut

GDP

Global headwinds, weak business spending could continue to weigh on GDP in coming quarters

By Jeffrey Sparshott
Updated: April 28, 2016 – 6:39 p.m. ET

A sharp pullback in business investment and weak global demand dragged down an already-lackluster U.S. economy in the opening months of 2016, the latest setback in a bumpy expansion entering its seventh year.

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The Sun: ONT international traffic continues to take off

Ontario International Airport

By Liset Márquez, Inland Valley Daily Bulletin
Posted: 04/28/16 – 8:46 PM PDT |

ONTARIO >> International passenger traffic continues to see a sizable growth at L.A./Ontario International Airport, according to figures released Thursday by Los Angeles World Airports.

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Apple Inc.

Apple shares have been reeling this week after disappointing earnings results. (Matthias Schrader / Associated Press)

Paresh Dave
April 28, 2016

Billionaire business magnate Carl Icahn, whose investment decisions can influence the stock market, said Thursday that he dumped what was left of his nearly 1% stake in Apple Inc. on fears that Chinese authorities would bully the iPhone maker.

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Los Angeles Times: Apple’s quarterly sales fall for the first time in 13 years

Apple Inc.

By Paresh Dave
April 26, 2016

Apple Inc. forewarned investors of its first-ever drop in iPhone sales and its first decline in quarterly revenue in 13 years.

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NYSE - Gannett Station

A specialist works at the post that handles Gannett on the floor of the New York Stock Exchange on Aug. 5, 2014. (Richard Drew / Associated Press)

Times staff and wire reports
April 25, 2016

USA Today publisher Gannett Co. is making an aggressive push to buy the owner of the Los Angeles Times, a move that would bolster Gannett’s position as the nation’s largest newspaper company and continue the consolidation in the industry.

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SBCO

Supervisors OK spending $12 million on web-based financial management system

Published: April 22, 2016 – Updated: 7:09 p.m.

The San Bernardino County Auditor-Controller/Treasurer/Tax Collector’s Office will undergo an overhaul of its computerized financial management program with a more than $12 million state-of-the-art web-based system approved by the Board of Supervisors on Tuesday.

To read article by Joe Nelson in The Press-Enterprise, click here.

Jerry Brown

Gov. Jerry Brown carries notebook paper after unveiling his proposed 2016-17 state budget at the Capitol on Jan. 7. Brown warned that the state is overdue for a recession and needs to build reserves to cushion the effects of an economic downturn. (Renée C. Byer – rbyer@sacbee.com)

Capitol Alert
By Dan Walters
dwalters@sacbee.com
April 22, 2016 – 2:51 PM

  • Texas shines in ability to absorb a recession
  • California and Illinois at the bottom

California, whose state budget is highly dependent on volatile income taxes, is the least able big state to withstand a recession, according to a “stress test” conducted by Moody’s Investor Service.

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The Sun: Millions of square feet of warehouse space created Inland, more to come

An aerial view of warehouses in Riverside County.

By Fielding Buck, The Press-Enterprise
Posted: 04/19/16 – 11:06 PM PDT |

Warehouses totaling more than 6 million square feet of space were completed in the Inland region in the first quarter of 2016, and nearly 16 million square feet are under construction.

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United Healthcare

UnitedHealth Group Inc.’s campus in Minnetonka, Minn. The company will be exiting some Obamacare marketplaces in 2016. (Jim Mone / AP)

Noam N. Levey
April 19, 2016

UnitedHealth Group, the nation’s largest health insurer, announced Tuesday that it would stop selling health plans through the Affordable Care Act next year in most of the 34 of states where it operates.

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Los Angeles Times: Southern California home prices surge in March; sales inch up

Home for sale

Andrew Khouri
April 18, 2016

Southern California home prices jumped 5.6% in March, as buyers fought over a meager supply of homes for sale and bid up values.

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Shell

By David R. Baker
Friday, April 15, 2016 – Updated 5:04 pm

Fifteen years after blackouts swept the state, a Federal Energy Regulatory Commission judge has found that a division of Shell Oil engaged in fraud and market manipulation during California’s energy crisis, with company traders joking on tape about burning the evidence if they were ever caught.

Read the rest of this entry »

American Apparel

American Apparel headquarters and manufacturing building located on Alameda Street and 7th street in Los Angeles where the clothier that was once a fashion trailblazer has taken drastic steps to stave off financial ruin. (Al Seib / Los Angeles Times)

Shan Li and Natalie Kitroeff
April 15, 2016

Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios.

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Jobs

Natalie Kitroeff
April 15, 2016

California added 4,200 jobs in March, the Employment Development Department reported Friday.

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Donald Trump

Donald Trump has not taken independent expenditure money and does not have the kind of war chest typical for a general election campaign. Above, Trump in Rome, N.Y., earlier this month. (Mike Groll / AP)

Stephen Battaglio
April 14, 2016

GOP bigwigs aren’t the only ones worried about Donald Trump winning the Republican presidential nomination.

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Microsoft

FILE – This July 3, 2014, file photo, shows the Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. In a lawsuit filed Thursday, April 14, 2016, Microsoft is suing the U.S. government over a federal law that lets authorities examine its customers’ email or online files without the customers’ knowledge. The lawsuit comes as the tech industry is increasingly butting heads with U.S. officials over customers’ privacy rights. (AP Photo Ted S. Warren, File)

By Brandon Bailey, AP Technology Writer
Associated Press
April 14, 2016, at 2:23 p.m.

SAN FRANCISCO (AP) — In the latest clash over privacy rights in the digital age, Microsoft is suing the U.S. government over a federal law that allows authorities to examine customer emails or online files without the individual’s knowledge.

Read the rest of this entry »

No Money

By Dale Kasler
Business & Real Estate
April 12, 2016 3:29 PM
dkasler@sacbee.com

  • Bankruptcy judge says estate of Alfred Villalobos lacks money to pay money owed state
  • Villalobos commited suicide in January 2015
  • Villalobos’ fortune overstated

RENO —

The late Alfred Villalobos, the central figure in the CalPERS bribery case, always insisted he did nothing wrong and he didn’t owe the state of California a dime.

Read the rest of this entry »

The New York Times: In California, Marijuana Is Smelling More Like Big Business

marijuana-leaf

By Ian Lovett
April 11, 2016

ADELANTO, Calif. — After decades of thriving in legally hazy backyards and basements, California’s most notorious crop, marijuana, is emerging from the underground into a decidedly capitalist era.

Read the rest of this entry »

901 Strada LLC - LLC

In one high-profile L.A. case, there’s been a long-running dispute about the true owner of a massive home being built in Bel-Air by developer Mohamed Hadid. The site is owned by 901 Strada LLC, an entity that lists no owner. (Francine Orr / Los Angeles Times)

James Rufus Koren
April 8, 2016

Delaware and Nevada aren’t the only states where it’s possible to set up a company without saying who owns it.

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Los Angeles

California’s economy will grow faster this year than the national economy, according to a new study. (Mel Melcon / Los Angeles Times)

Natalie Kitroeff
April 6, 2016

California’s economy will grow faster this year than the national economy, and unemployment will drop to 5% in early 2017, according to a new report by the UCLA Anderson Forecast.

Read the rest of this entry »

The Sacramento Bee: CalPERS rethinks ban on tobacco stocks

calpers

Business & Real Estate
By Dale Kasler
dkasler@sacbee.com
April 4, 2016 – 9:08 AM

  • Decision to sell stocks in 2001 has cost $3 billion, consultant says
  • Pension fund undertakes broader look at divestment policies
  • Anti-smoking group criticizes potential move

It’s been a hallmark of CalPERS policy for 15 years: no tobacco stocks.

Read the rest of this entry »

Minimum Wage

By Don Thompson, Associated Press
Apr. 4, 2016 – 2:59 AM ET

SACRAMENTO, Calif. (AP) — California’s governor is setting in motion the most populous state’s climb toward the nation’s highest statewide minimum wage of $15 an hour to take effect by 2022.

Read the rest of this entry »

Self-service kiosk ar McDonald's, Friargate, Preston

Sunday, April 3, 2016 – 12:00 p.m.

California is set to increase the state’s minimum wage to $15 per hour by 2022.

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Orange County Register

The Orange County Register was acquired by Digital First Media on Thursday, along with the Riverside Press-Enterprise. Digital First Media’s Southern California News Group now publishes 11 daily newspapers in Southern California, including this one.

By Beau Yarbrough, Inland Valley Daily Bulletin
Posted: 04/02/16 – 7:23 PM PDT |

The new publisher of The Orange County Register and Riverside Press-Enterprise says the papers aren’t going anywhere.

Read the rest of this entry »

Minimum-Wage

Liam Dillon and Patrick McGreevy
March 31, 2016

In a move that puts California at the forefront of efforts to raise wages for low-income workers across the country, the Legislature approved a sweeping plan Thursday to raise the minimum wage to $15 an hour over the next six years, boosting the future paychecks of millions of the state’s workers.

Read the rest of this entry »

Amazon

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/30/16 – 10:47 AM PDT |

SAN BERNARDINO >> Amazon is planning to add more than 1,000 jobs to the region, announcing Wednesday that it will build a second fulfillment center in the city.

Read the rest of this entry »

State Capitol

By Don Thompson, Associated Press
Mar. 31, 2016 – 2:22 AM ET

SACRAMENTO, Calif. (AP) — California state lawmakers are poised to enact the nation’s highest statewide minimum wage on Thursday, with gradual increases to $15 by 2022.

Read the rest of this entry »

Up Arrow

By Hudson Sangree and Hector Amezcua
hsangree@sacbee.com
March 29, 2016 – 6:44 PM

  • Major industries affected would be farming, restaurants and retail
  • Impact could be greater in rural areas where cost of living is lower
  • Farmers who sell produce out of state could have a harder time competing

A landmark plan to raise the state’s minimum wage to $15 by 2022 could create sweeping changes across the industries that rely on low-wage workers and improve the living standards for millions of Californians employed in farm fields, restaurants and retail stores.

Read the rest of this entry »

Jerry Brown

Gov. Jerry Brown joined legislators and labor leaders Monday in Sacramento to announce a landmark agreement that would make California the first state in the nation to commit to raising the minimum wage to $15 per hour statewide. (Renée C. Byer rbyer@sacbee.com)

Capitol Alert
By Jim Miller and Jeremy B. White
jmiller@sacbee.com
March 28, 2016 – 7:30 AM

  • Hourly wage would increase to $15 an hour by 2022
  • Announcement comes days after November ballot measure qualifies
  • Business groups call plan ‘reckless’

Gov. Jerry Brown, Democratic leaders and labor leaders Monday touted an agreement that would raise the minimum wage to $15 an hour by 2022, saying the pact should avert an expensive ballot fight this fall.

Read the rest of this entry »

Daily Bulletin: UPS adding jobs, space at Ontario airport

UPS

By Liset Márquez, Inland Valley Daily Bulletin
Posted: 03/27/16 – 7:52 PM PDT |

ONTARIO >> UPS has unveiled plans to add 500 jobs, growing its operations at LA/Ontario International Airport over the next five years in a bid to keep up with the growth in e-commerce.

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Minimum-Wage

John Myers and Liam Dillon
March 26, 2016

Lawmakers and labor unions have struck a tentative deal to raise the statewide minimum wage to $10.50 an hour next year and then gradually to $15, averting a costly political campaign this fall and possibly putting California at the forefront of a national movement.

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InlandPolitics: Local economist gets called on poor Inland Empire wage growth

Jobs

Friday, March 25, 2016 – 11:00 a.m.

The Inland Empire’s economic cheerleader was out touting the region’s job growth this week.

But he didn’t say much about all-important wage growth.

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The Sacramento Bee: CalPERS makes big California solar investment

calpers

Business & Real Estate
By Dale Kasler

dkasler@sacbee.com
March 23, 2016 – 1:46 PM

  • Company operates big solar facilities near Palm Springs
  • Plants sell energy to utilities in California

CalPERS said Wednesday that it’s buying a significant stake in a solar energy company with operations near Palm Springs.

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California

John Myers
March 22, 2016

State lawmakers now face a political ultimatum over California’s minimum wage: quickly take action to boost it above the current $10 an hour, or stand aside for a fall campaign in which voters are urged to do it themselves.

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Orange County Register facility shown shortly after construction 1986. File photo from archive.

Digital First Media said Saturday that Freedom Communications’ attorney will accept its offer for The Orange County Register and The Press-Enterprise. (File Photo)

By Jeff Collins and Jonathan Lansner
March 19, 2016 – Updated 10:50 p.m.

Attorneys for The Orange County Register’s owner filed a motion Saturday asking a bankruptcy judge to approve the company’s sale to Digital First Media, the second-highest bidder in last week’s newspaper auction.

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clown-jack-in-the-box

Jim Erwin
Saturday, March 19, 2016 – 01:30 p.m.

Hates off to the Super-PAC consultant class.

This consulting cadre, the brain trust behind the $200 million in failed efforts to stop GOP Front-runner Donald trump, has meticulously fleeced the richest of America’s political class.

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Orange County Register

The Orange County Register building in Santa Ana. (Rick Loomis / Los Angeles Times)

Andrew Khouri
March 18, 2016

A U.S. District Court judge has approved a temporary restraining order to block Tribune Publishing’s purchase of the Orange County Register and Riverside Press-Enterprise, a decision that the owner of the Los Angeles Times has described as a “death-knell” to its bid.

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Orange County Register

The Orange County Register building in Santa Ana. (Rick Loomis / Los Angeles Times)

Andrew Khouri
March 17, 2016

The owner of the Los Angeles Times was selected as the top bidder for the Orange County Register and Riverside Press-Enterprise during the papers’ bankruptcy auction, but the U.S. Department of Justice immediately filed a lawsuit to block the deal Thursday on antitrust grounds.

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