05/14/2024

News

Aerojet names Alabama campus home for defense operations

The defense unit will be based in Huntsville, Ala., and it will include the company’s in-house development team Rocket Shop.

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Scientists find ‘water windfall’ beneath California’s Central Valley

California’s drought-stricken Central Valley harbors three times more groundwater than previously estimated, Stanford scientists have found. Accessing this water in an economically feasible way and safeguarding it from possible contamination from oil and gas activities, however, will be challenging.

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13 Top Fortune 500 Companies in L.A. County

California had 51 companies on this year’s list, down from 53 last year. But 51 was enough to climb into a tie with Texas for the No. 2 position. New York led the list with 55.

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Electric car maker eyes Sacramento, Tracy for factory

The Atieva USA Inc. plant would employ nearly 1,300 workers and cost $530 million to build, according to documents filed with the California Alternative Energy and Advanced Transportation Financing Authority.

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Jacobs Engineering Moving to Texas

Global engineering and architecture firm Jacobs Engineering Group Inc. is moving a portion of its headquarters from Pasadena to Dallas, the Dallas Business Journal reports. The move is being made for lower taxes and a more business friendly environment as well as lower rates and will make the company more competitive in the real estate industry.

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Tesla rival Faraday gets one step closer to building electric cars in Vallejo

The Vallejo City Council voted unanimously Tuesday night to enter into a six-month exclusive negotiating agreement with FF LLC, a special-purpose entity created by Faraday Future to discuss and purchase a 157-acre parcel of land on Mare Island.

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UnitedHealthcare to drop California’s exchange

UnitedHealthcare’s pullback from government-run health insurance exchanges includes vacating the online marketplace for California, state regulators announced Tuesday.

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California loses another aviation company to North Texas

“C&S has had a long history in California,” said Jeff Heikke, president of Precision Aerospace Products LLC, which is the company’s parent company, in a statement. “We look forward to the aerospace resources the Fort Worth market offers along with a lower cost of living for our employees and greater flexibility in our day to day operations.”

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Electric carmaker to invest hundreds of millions of dollars into North Bay factory

Los Angeles-based Faraday Future, a private electric car startup, is close to locking in an exclusive negotiating agreement with the City of Vallejo to buy a 157-acre site to build a production facility and showroom. The potential deal would be a huge economic boost for Vallejo, which emerged from bankruptcy five years ago.

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Exclusive: San Francisco’s Bare Escentuals moving HQ to New York

San Francisco-based makeup and skincare company Bare Escentuals is moving its headquarters to New York. . . The company did not say how many employees it has in the Bay Area, but LinkedIn lists 400-plus employees in the region.

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California-based aviation company expanding in DFW with big real estate deal

California-based Wesco Aircraft Holdings Inc. (NYSE: WAIR) has signed a big real estate deal in North Texas, which will bring a new warehouse to the region to support the company’s growth.

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Salesforce will rename tower in Downtown Indianapolis, hire 800 tech workers

“In recent years, the technology sector has added more than 5,000 jobs in central Indiana alone, growing at a rate more than triple the national average,” Gov. Mike Pence said in a statement.

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Jamba Juice to relocate headquarters to North Dallas

Emeryville, California-based Jamba Inc. — which owns and franchises Jamba Juice stores — plans to relocate its headquarters to Frisco, Texas, taking 100 corporate jobs to the city north of Dallas.

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Their exes live in Texas: California tops states feeding our population growth

Now a recently released report from the state demographer charts how the steady stream of new business may be prodding along major demographic shifts, as the state’s population skyrockets — largely the result of record-breaking migration from elsewhere in the United States.

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Ahead of $15 minimum wage, 1 company leaves California for Texas

He says his employees make on average a little less than $15 an hour now – so he would have to give them all a big raise. He said he can’t afford to do that because his company is locked into long-term contracts with customers where the price is already set.

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