Business

Local firms receive $29 million in tax credits

California lost hundreds of jobs to Texas over the past few months. The state awarded nearly $29 million in income tax incentives/credits for companies that have agreed to expand their operations and retain jobs within the state. The official announcement was made on Thursday.

The income... read more

Small Oklahoma tremors could lead to larger, damaging earthquake

The increase in frequency of tremors in Oklahoma in the past few months is enough to create worry that a larger, damaging earthquake could soon rattle the area, USGS geophysicist Rob Williams said.

A newly published survey by the USGS revealed that 207 tremors/quakes were recorded in... read more

McCarthy expected to show more pragmatic, inclusive leadership in majority leader’s role

The selection of Kevin Owen McCarthy for the position of the majority leader in the California Legislature is expected to bring a more pragmatic and inclusive leadership.

On Thursday, Republicans overwhelmingly selected Mr. McCarthy to fill the majority leader seat vacated by Rep. Eric... read more

Authorities to probe illegal sterilization of female inmates

Dozens of female inmates in California prisons were sterilized without their consent and safeguards designed to limit such occurrences failed, an investigation of the state’s prison system revealed.

The Center for Investigative Reporting revealed that more than 100 female inmates received... read more

California T expected to become Ferrari’s new top seller

The Ferrari California T has a great potential to become the company's most-popular and top-selling model, a top executive of the renowned luxury maker said.

Available with a starting price tag of $409,880, the Ferrari California T is the most affordable car introduced by the Italian... read more

Travel Alberta’s ad deal with L.A. Kings attracts more tourists

Travel Alberta Chief Marketing Officer Royce Chwin has claimed that their exclusive tourism advertising agreement with the NHL team L. A. Kings proved very beneficial for Alberta's tourism business.

Chwin said that the advertising deal, which was first signed as the Preferred... read more

PokerStars to go public without launching an IPO

Amaya Gaming Group Inc.'s recently announced deal to buy online gaming giant PokerStars for nearly 5 billion dollars is being seen as a `reverse acquisition'.

Montreal-based Amaya Gaming has a market value of around $177 million, but it has agreed to acquire PokerStars, the biggest and... read more

Amazon likely to unveil its much-rumored smartphone at a Wednesday event in Seattle

According to reports, online retail giant Amazon is set to officially announce its much-rumored smartphone project at a Wednesday event in Seattle, where the company is expected to unveil its cool new smartphone which will boast a 3D display.

The decision to launch its own handset... read more

Medtronic-Covidien merger to create world’s biggest medical device maker

American medical device manufacturer Medtronic on Sunday announced that the management has agreed to acquire rival firm Covidien in a cash-&-stock deal worth $42.9 billion to create the world's biggest medical device maker.

The terms of the deal state that Medtronic will pay $35.19 in... read more

Google acquires Skybox Imaging for $500 million

In a noteworthy announcement made last week, Internet search biggie Google revealed that it has acquired Skybox Imaging - a startup which captures high-resolution images and video of the Earth by using small satellites - in a $500 million deal.

Google - which forayed into the terrestrial... read more

Siemens, Mitsubishi finalizing joint bid for Alstom’s energy assets

German engineering giant Siemens AG and Japan's Mitsubishi Heavy Industries Ltd. are reportedly finalizing an offer for stake in the power-generation business of France's Alstom SA.

A report published by the German daily Frankfurter Allgemeine Zeitung also said that Mitsubishi agreed to... read more

GOP candidate Peterson launches online platform to fix needs of small businesses

Pete Peterson, the GOP candidate who will vie against Democrat Alex Padilla for the post of California's secretary of state in November this year, on Thursday launched a new online platform to fix the needs of small business owners.

Peterson called the new platform an 'idea aggregation... read more

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