Business

California continues to dominate Clean Edge 2014 U.S. Clean Tech Leadership Index

While green technologies are gaining popularity in every corner of the United States, California continues to lead the rest of the country in the fields of green energy technologies as well as climate policies.

California once again outpaced all other states of the country to dominate the... read more

Factory jobs dip despite surging output

The number of jobs in California's manufacturing sector slipped drastically during the past 15 years, even as output increased 73 per cent, twice as fast as the rest of the nation, during the same period.

According to a new report by the Los Angeles County Economic Development Corp.,... read more

Nestle exporting bottled water from drought-hit California

As Californians are struggling to cope with persistent drought, Nestle is drawing undisclosed amounts of water from a drought-stricken area of the state and trucking away the precious natural resource in the form of bottled water.

Nestle-owned Arrowhead Mountain Spring Water has been... read more

Draper garners enough signatures to put his California breakup plan on ballot

Billionaire venture capitalist Timothy Draper claimed on Monday that he had garnered enough signatures for his proposal to break California into six separate states that the proposal could be placed on the ballot within two years.

Mr. Draper, a Silicon Valley-based venture capitalist who... read more

Marcus Lemonis offers Lifeline to Crumbs Cupcake Chain

Marcus Lemonis and Fischer Enterprises have announced a deal to buy Crumbs Cupcake chain that filed for bankruptcy on Friday. Lemonis aims to improve the product offering and to expand the operations with infusion of fresh capital.

CNBC host Marcus Lemonis and Dippin Dots-owner Fischer... read more

California to get share of mortgage settlement money to be paid by Citigroup

California is one of the several states of the U. S. that will share in money that Citigroup Inc. has reportedly agreed to pay to settle an investigation into sales of mortgage-backed bonds before the 2008 financial crisis.

Speaking on condition of anonymity, a person familiar with the... read more

JPMorgan hires former UBS executive as China head

JPMorgan Chase & Co. has announced UBS AG's former China Chairman David Li as the next chief of its Chinese operations.

Marie Cheung, Hong Kong-based spokeswoman for JPMorgan, said Li would be responsible for the biggest U. S. lender's businesses and products in the world's most... read more

Tanks & other military equipment to be auctioned in California

More than 80 tanks, gun parts and miscellaneous military equipment spanning from World War I through the Gulf War, and amassed by a Stanford University-trained engineer, will soon be auctioned.

The to-be-auctioned military equipment stock, which includes a 42 ton surface-to-surface... read more

Dallas skyscraper getting renovated to host Active Network’s new HQ

Software firm Active Network LLC's relocation from San Diego to Dallas is expected to kick off renovations of another downtown skyscraper.

The owner of the software firm, Vista Equity Partners, is reportedly working with real estate giant World Class Capital Group to relocate some of its... read more

Texas provides better business climate than California: says Andy Puzder

The tug-of-war between California and Texas for poaching each other's jobs is known to everyone. Both states claim that they provide better business climate than each other's and both leave no chance to lure each other's businesses.

But, it is a matter of fact that Texas lawmakers have... read more

Jobless rate hits six-year-low of 7.6% in May

The rate of unemployment in California slipped to its lowest in six years in May, dropping a strong hint that the Golden State’s job market is approaching a full recovery from the economic recession.

According to fresh data released by the U.S. Bureau of Labor Statistics, the state’s... read more

Solar deal in budget draws criticism

The last-minute solar deal in California’s general budget that would extend a property tax for solar credits has attracted criticism from several lawmakers, analysts as well as residents.

While the current tax benefit will not expire until 2017, the new measure (SB871) would credit for... read more

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