News

Company: Yahoo Inc.CA Net Job Gain/Loss: -100Reason: Invest Elsewhere, Out of StateCity/Region Losing Jobs: Sunnyvale, CACity/Region Gaining Jobs: Nebraska

Mortgage rates have zoomed a full percentage point above their recent record lows, raising costs for borrowers and questions about the housing recovery.

The U.S. is on track to create 55 million new job openings by 2020, but will face a shortage of five million workers with the education or training to fill these positions, according to a new report by the Georgetown University Center on Education and the Workforce.

SACRAMENTO — The Assembly Local Government Committee Wednesday approved legislation that would effectively force charter cities to require higher prevailing wages for all public works project contracts regardless of where the money comes from.

WASHINGTON — The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.

Though the Obama administration has recently renewed its commitment to approve more wind facilities on public lands as part of the Climate Action Plan it released this week, a new study indicates that wind development in California has far fewer benefits than it does elsewhere in the United States.

Company: Southern California EdisonCA Net Job Gain/Loss: -600Reason: LayoffCity/Region Losing Jobs: San Clemente, CANotes: Resulting from shut down of San Onofre nuclear power plant

Company: Daegis Inc.CA Net Job Gain/Loss: Impact UnknownReason: Layoff, Move Out of StateCity/Region Losing Jobs: Roseville, CACity/Region Gaining Jobs: Dallas, TX

California’s 40 enterprise zones, which award tax credits to businesses for hiring disadvantaged workers, are typically run by public agencies such as cities, counties or joint powers authorities.

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.

Some 96 pilots filmed in the Los Angeles area during the 2012-13 development cycle. That’s four more than last year and second only to the region’s peak cycle in 2004-05, when 102 pilots filmed in L.A. But with a total of 186 broadcast and cable television pilots produced, L.A.’s slice of the pilot pie was just 52 percent—the region’s second-lowest share on record and a steep decline from a record 82 percent in 2006-07.

The nation’s charter schools, including those in California, have made “slow and steady” progress over the past four years, with students in nearly a quarter of charters now outperforming their traditional school peers in reading and, on average, catching up to them in math, a group of Stanford researchers reported. The study also found that charter schools excel in teaching poor minority students and English language learners.

The nation’s charter schools, including those in California, have made “slow and steady” progress over the past four years, with students in nearly a quarter of charters now outperforming their traditional school peers in reading and, on average, catching up to them in math, a group of Stanford researchers reported. The study also found that charter schools excel in teaching poor minority students and English language learners.

Company: Advanced Call Center TechnologiesCA Net Job Gain/Loss: 2000Reason: Expand, From Out of StateCity/Region Losing Jobs: Berwyn, PACity/Region Gaining Jobs: Sacramento, CA

After a two-year office space binge, San Francisco tech tenants seem to be taking a bit of a breather.