08/19/2018

News

North Face headquarters leaving Bay Area; hundreds of jobs affected

The North Face is packing up all that gear and moving its headquarters, along with hundreds of jobs, out of the Bay Area. The outdoor activewear and gear maker’s parent company, VF Corp., announced this week that it is splitting its outdoors and denim businesses into two publicly traded companies. The outdoors operation in Alameda […]

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SolarCity, once king of rooftop solar, slips into shadow

Five years ago, SolarCity ruled the rooftops. No other company in the fast-growing solar industry installed nearly as many panels on American homes. The pace of installation was accelerating quarter after quarter, leaving such rivals as Sunrun and Vivint far behind. Then electric auto manufacturer Tesla bought the company. Now, what once was SolarCity appears […]

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How Tesla uses cash from Nevada casinos to boost its bottom line

Given Elon Musk’s dubious track record for hitting his goals, it may be a roll of the dice whether the Tesla CEO delivers a profit later this year. Fittingly, his success will depend partly on money from Nevada casinos. Since 2015, Tesla has boosted its bottom line by selling tax credits to casinos such as […]

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LA Misses Final Cut for U.S. Army Procurement Center HQ

Los Angeles has missed the final cut for a U.S. Army procurement center headquarters, according to a media report. Military.com reported on June 19 that Army Col. Patrick Seiber, spokesman for the U.S. Army Futures Command Task Force, confirmed to that publication that five cities were still under consideration for the procurement headquarters: Austin, Texas; […]

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How a Florida Utility Became the Global King of Green Power

Who is the world’s largest operator of wind and solar farms? It’s also America’s most valuable power company. Still stumped? It’s by design. “That is a marketing problem…that we foster intentionally,” Michael O’Sullivan, NextEra Energy Inc.’s head of renewable development, told University of Notre Dame students in 2015. The Florida company has grown into a […]

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American Markets Need More Competition, More New Businesses

Some of the crucial ingredients of broadly shared prosperity in the U.S. economy include a dynamic market where new ideas can thrive, new businesses can reshape the economic landscape, and vigorous competition allocates resources efficiently. Our collective imagination of the U.S. economy is often one of bold entrepreneurs reshaping the world. TV shows us a […]

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The State of Competition and Dynamism: Facts about Concentration, Start-Ups, and Related Policies

Over the past few decades there have been troubling indications that dynamism and competition in the U.S. economy have declined. This paper describes the state of competition in the economy, related patterns in entrepreneurship, and policies that promote or inhibit competition. Business dynamism and competition are inherently intertwined, though the linkages are complex. Dominant firms […]

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Teradata Corp. to move headquarters from Ohio to San Diego

Teradata Corp., a publicly traded data storage and analytics firm, said Wednesday it is moving its corporate headquarters from Dayton, Ohio, to San Diego – where it already employs more than 1,000 workers. The move is part of Teradata’s ongoing transition from being primarily a data warehousing company to a data analytics firm, where it […]

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Affordability Crisis Prices National Park Service Office Out of San Francisco

Federal officials plan to relocate an office that helps oversee 60 national parks throughout the western United States from downtown San Francisco to Vancouver, Washington, in a move they say could save millions of dollars. Staff at the National Park Service Pacific West Regional Office were told this week that the local unit is expected […]

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Why Hershey is uprooting this Bay Area food business for a headquarters move to Austin

The Pennsylvania-based chocolate and snack foods giant acquired the local jerky startup for nearly $220 million in 2015. At the time, Hershey said it was committed to keeping Krave’s headquarters in Sonoma.

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Last call for Campari’s S.F. headquarters as spirits giant relocates to New York

San Francisco will soon be drained of one of the world’s largest spirits companies with Campari America’s recent decision to relocate its Bay Area headquarters to the East Coast. The Campari Group subsidiary plans to vacate its offices in Levi’s Plaza this fall after signing a nearly 65,000-square-foot lease in New York City to accommodate […]

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Bechtel Group moving headquarters to suburban Washington, D.C.

San Francisco lost one of its most storied firms Thursday when Bechtel Group said it will move its headquarters to Reston, Va., by year-end after more than a century here. The loss of the San Francisco headquarters of the secretive engineering, construction and project management company means the Bay Area will lose about 150 jobs […]

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Southern California’s foreign-owned businesses jump above 10,000, employ 428,000

Southern California is home to 10,378 foreign-owned businesses that employ 427,954 workers and generate nearly $27 billion in annual wages, according to a report from World Trade Center Los Angeles. The study, compiled in partnership with Pepperdine University’s School of Public Policy and sponsored by American Airlines, says those employees represent 5.4 percent of the […]

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Finance Flies West, and South

Alliance-Bernstein notwithstanding, New York is not close to losing its hegemony over finance. With 472,000 employees in that industry, the city dwarfs all its competitors, including runner-up Chicago, where finance employs 264,000. Finance jobs in New York, according to Pepperdine University’s Michael Shires, have grown at a respectable 11 percent since 2009, though the pace […]

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Price Pump to move Sonoma manufacturing business to Idaho

It’s the end of an era. Price Pump has grown and thrived in Sonoma for 70 years. But before the end of this year, the manufacturer of high-tech pumps will pull up stakes and move its headquarters – lock, stock and pump – to Boise, Idaho. “It has simply become too difficult and too costly […]

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