Daegis Inc., the Roseville-based information management and eDiscovery company, said it in its fiscal year-end financial release that it will move its headquarters to Texas to “optimize its cost structure.” It is the second publicly traded local company in recent years to move to Texas.
After a two-year office space binge, San Francisco tech tenants seem to be taking a bit of a breather.
The federal Bureau of Economic Analysis (BEA) came out with its new state-by-state economic growth numbers last week. The easy-to-read map shows that, not unsurprisingly given all the new oil production there, North Dakota led the nation in increased economic growth in 2012 at 13.4 percent, with Texas in second at 4.8 percent.
A new study ranks California fifth nationally in shipbuilding and ship repair, a standing that could rise as General Dynamics-NASSCO adds 800 workers in San Diego to help build commercial product carriers.
The unemployment rate in Sacramento and California registered a significant drop in May for the second consecutive month, but analysts cautioned that the steadily improving numbers conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce.
Just a few years ago, California was hemorrhaging tens of thousands of jobs and had one of the highest unemployment rates in the nation.
The state Legislature has adopted language that requires Honda Center management to pay hundreds of food and beverage workers for 60 days and then offer to continue their employment.
California’s unemployment rate tumbled to 8.6% in May from 9% in April, falling to its lowest level since November 2008, the Bureau of Labor Statistics reported Friday.
Lawmakers buoyed by last fall’s election of a supermajority of Democrats in the state legislature are pushing new legislation that would cut off state construction funds from charter cities that don’t mandate the equivalent of union-scale wages on public-works projects.
“Waiter and Waitress Nation” is the title of a recent posting by American Enterprise Institute economist James Pethokoukis. Of the 175,000 net payroll jobs added nationwide in May 2013, more than half were created by three sectors associated with lower wage jobs, the restaurant sector (38,100 jobs), retail trade (27,700) and temporary employment (25,600 jobs)
California’s manufacturing sector received middling marks in an economic report released this week.
MOUNTAIN VIEW — In its continuing drive to cut costs and streamline operations, security software giant Symantec confirmed Thursday that it will be cutting jobs.
“Could you reproduce Silicon Valley elsewhere, or is there something unique about it?” the venture capitalist Paul Graham asked in a much-quoted keynote address at Xtech back in 2006. Graham then went on to describe the key ingredients (a great university, an attractive town, smart people, youth, a tolerance for eccentricity and different thinking, and a cluster of other start-ups) that make Silicon Valley the unique ecosystem for entrepreneurial innovation that it is — and that differentiate it from its would-be imitators and competitors.
Three years after combining their names to create Venley, a company that produces T-shirts and other basics in a downtown Los Angeles factory, onetime fraternity brothers Nick Ventura and Kevin Gressley find manufacturing clothes in the U.S. to be an expensive and frustrating undertaking.
For the last two years, media companies have been combating a series of lawsuits brought by interns claiming the right to a paycheck under state and federal law. Things began looking good for team management this past May, after a federal court scuttled the class action filed by a former Harper’s Bazaar intern against Hearst Magazines.