Sacramento Gains 200 New Jobs in Mortgage Industry
Company: PennyMac Loan ServicesCA Net Job Gain/Loss: 200Reason: ExpandCity/Region Gaining Jobs: Sacramento, CA
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Brown Signs Bill to Launch Hiring of Hundreds in Rancho Cordova
Company: State Healthcare ExchangeCA Net Job Gain/Loss: 500Reason: ExpandCity/Region Gaining Jobs: Rancho Cordova, CANotes: Call center created to help implement federal healthcare program in California
California Median Housing Price Increases by Most in 33 Years
The median price of a previously owned house in California soared 31.9 percent in May, the largest year-over-year increase in more than three decades as sales of more expensive properties increased and inventory remained tight, a trade group said Monday.
New Teacher Training Study Decries California Universities
A new front is opening in the education wars as a report released Tuesday derides California’s teacher training schools as among the worst in a nation full of substandard programs.
New State Budget Offers Few Major Reforms for Business
California’s lawmakers agreed last week on a state budget that tackled issues like school funding and Medi-Cal, but had little in it for business.
States Scramble to Attract Suddenly Hot Cybersecurity Firms
As data dragnets and information breaches dominate the news, states are scrambling to cash in on a rapidly expanding business sector by offering tax incentives to firms that protect sensitive information from outside attacks.
Vibrant Recovery is Building
During the downturn, new home construction plummeted along with jobs and personal incomes. Today, a major forecast for the Sacramento region suggests these measures of economic health are poised to rise together over the next four years.
California Finances Healthy Now, but Huge Bills Coming Due
SACRAMENTO — Let’s say you were buried under an avalanche of debt for years and could only make the minimum payments on your credit card bills. But then you started cutting back your expenses — and even got a raise at work. Suddenly, you were paying your bills on time, and even going out to eat a couple of times a month.
Global Tumult Grips Markets
The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets from Tokyo to Mumbai and Johannesburg to São Paulo.
A Critical Look at the Low Carbon Fuel Standard
In the movie Thelma and Louise, the two hapless heroines clasp hands and hurl their turquois Thunderbird over a cliff and into an abyss of certain death. It’s become an iconic moment in American film, a noble if extreme solution when all hope is lost.
How Did States Create Jobs?
States this year awarded tax breaks to businesses, touted worker-training programs and even poached jobs from each other to boost their economies and create work for the nearly 12 million Americans still unemployed.
Symantec to Lay Off 1,700
Company: SymantecCA Net Job Gain/Loss: Impact UnknownReason: LayoffCity/Region Losing Jobs: Mountain View, CANotes: Job losses not broken down by location
JDSU Plans to Cut 125 Santa Rosa Jobs
Company: JDSU Uniphase Corp.CA Net Job Gain/Loss: -125Reason: LayoffCity/Region Losing Jobs: Santa Rosa, CA
Tilting at Windmills
OSTERATH’S 12,000 citizens are angry. Their quiet backwater in the Ruhr, close to Düsseldorf, is the proposed site for the biggest converter station in Europe. This vast installation will transform high-voltage direct current to alternating current.
Symantec Hit with Layoffs, Part of ‘Companywide Transformation’
MOUNTAIN VIEW — In its continuing drive to cut costs and streamline operations, security software giant Symantec confirmed Thursday that it will be cutting jobs.