Apple Inc. said it plans to invest $1 billion building a new corporate campus in Austin, Texas, promising to create as many as 15,000 jobs, as it and a handful of other tech giants expand their footprint well beyond the West Coast. The Cupertino, Calif.-based iPhone maker said it would also establish new offices in […]
The recommendation comes in a massive new study about companies departing California for business-friendly states. It estimates that 1,800 relocation or “disinvestment events” occurred in 2016 (the most recent year available), setting a record yearly high going back to 2008 – and that about 13,000 companies left the state during that nine-year period. . . […]
California could be on the brink of one of its biggest corporate defections yet with the signs that McKesson Corp. – the pharmaceutical giant that is sixth on the Fortune 500 list – is preparing to move its headquarters from San Francisco to the Dallas area. Apple is the only California company that’s bigger than […]
How much of wildfire costs not covered by insurance should be paid by California’s giant investor-owner utilities has been a significant issue since at least 2007. That’s when wildfires ravaged northern and eastern San Diego County, killing two people and destroying more than 1,300 homes. San Diego Gas & Electric argued that it should be […]
A California regulator said late Thursday that it was expanding a probe of PG&E Corp.’s P safety practices to explore the way the company is managed and run, including whether it should be broken up. “I will open a new phase examining the corporate governance, structure, and operation of PG&E, including in light of the […]
McKesson Corp. appears to be setting the stage to quietly shift its corporate headquarters to Dallas, where it operates a division headquarters. … “McKesson is a multinational company with more than 75,000 employees in the U.S., Canada and Europe.
These companies moved or are about to move their headquarters out of the Bay Area.
A Fortune 500 company that distributes tobacco products and other items nationwide to convenience stores and other retailers is moving its headquarters from California to Dallas-Fort Worth. San Francisco-based Core-Mark Holding Co. plans to relocate to Westlake next year. One of Core-Mark’s biggest clients is Irving-based 7-Eleven Inc. . . . Core-Mark traces its roots […]
Another California company is moving its headquarters to the Dallas area. And this time, it’s one at the intersection of the technology and automotive industries. DealerSocket is relocating its home base to Irving from San Clemente, California, in Orange County, according to CEO Sejal Pietrzak. The software company, which helps auto dealerships manage customer relationships […]
Google is gearing up for an expansion of its New York City real estate that could add space for more than 12,000 new workers, an amount nearly double the search giant’s current staffing in the city, according to people familiar with the matter. The plan, which hasn’t been previously disclosed, would give Google room for […]
Zacky Farms, a family-run company that rose to prominence as a leading turkey producer, has officially announced it’s closing plants in Fresno and Stockton. About 1,000 workers will be impacted, a company official said. The company posted a statement on its website, saying it struggled to remain profitable despite attempts to seek business and capital.
Elon Musk’s companies have propelled his net worth to almost $20 billion. But how have government policies and taxpayer money boosted his businesses? From subsidies at the national and state level, to federal tax credits for consumers buying electric cars and solar panels, to fuel efficiency standards that help bring millions in revenue for Tesla […]
UTC Aerospace Systems plans to wind down manufacturing at its Chula Vista aircraft plant beginning early next year, eliminating around 300 jobs. The company — a division of Farmington, Conn.-based conglomerate United Technologies — said the decision stems from ending production of certain commercial aircraft models. The Chula Vista plant builds aerodynamic engine pods and […]
The rise of the U.S. to economic greatness is an extraordinary story. But it is a story with a sting in the tail. Productivity growth in the U.S. has all but stalled in recent years. The number of new companies being created has reached a modern low. Geographical mobility has been in decline for three […]
Bay Area exodus: Here are the companies that have moved headquarters or opened offices out of California
Every week brings news of yet another Bay Area company that plans to move its headquarters out of the region — essentially saying enough is enough. Enough with drug-users shooting up across from Twitter’s San Francisco headquarters. Enough with walking by someone defecating in the street in the city’s Financial District, enough with avoiding confrontations […]