An Alameda Superior Court judge has ordered the CallSocket call center housed in the historic Tribune Tower at 409 13th St. in downtown Oakland to shut down by the end of the month. As the Business Times reported yesterday, that building and two others have been put on the market by a court-appointed receiver.
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.
UnitedHealthcare’s pullback from government-run health insurance exchanges includes vacating the online marketplace for California, state regulators announced Tuesday.
“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.”
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.
We’re supposedly living in the age of startups when people can create new businesses, enrich themselves, and employ their fellow Americans. That narrative, like much economic optimism these days, is now mostly a tale for coastal cities, and a tenuous one at best. . . Fewer new businesses were created in the last five years in the US than any period since at least 1980 . . . Businesses that did form are also far more concentrated than ever before: just 20 counties accounted for half of the country’s total new businesses. All of them were in large metro areas.
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.
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.
“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.
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.
The layoffs in Folsom amount to a little more than 4 percent of the company’s 6,000 employees there. But it’s also the second significant downsizing in a little over a year. Last year Intel said it would eliminate 152 jobs in Folsom.
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.
CKE Restaurants Holdings, Inc. on Wednesday announced the company will relocate its corporate headquarters from Carpinteria, Calif. to Franklin.
Intel is slashing its global workforce by 12,000 jobs, or 11 percent of its employees, as the chip giant grapples with a dramatically shifting market for its products.
The story of SunEdison’s swift rise and calamitous fall, pieced together from internal documents, regulatory and court filings and interviews with more than a dozen current and former employees and advisers, shows what can happen when executive overreach meets fizzy markets. Mesmerized by the promise of high yields and fast growth, investors turned a blind eye to operational warning signs that ultimately left the company vulnerable to a rise in interest rates.
