04/20/2024

News

Tapping California Shale Oil Could Add Millions Of Jobs, Study Says

California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.

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Consumer Spending Surprisingly Robust In February

WASHINGTON — Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.

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California Economy Has Slowed But Is Poised For Growth

While the Bay Area economy remains robust, California has gotten stuck in a slowdown, according to the latest report from the closely watched UCLA Anderson Forecast. But it’s not time to push the panic button.

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Dumpling Factory Underway in Fullerton

Company: CJ Foods, IncCA Net Job Gain/Loss: 50Reason: ExpandCity/Region Gaining Jobs: Fullerton, CA

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As Cash Dwindles, Bionovo Lays Off 90% of Staff, Plans Stock Sale

Company: Bionovo IncCA Net Job Gain/Loss: -45Reason: LayoffCity/Region Losing Jobs: Emeryville, CA

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Labor, Environmental Groups Protest Changes To CEQA

SACRAMENTO — Labor and environmental groups rallied Tuesday on the steps of the Capitol to protest efforts to overhaul California’s landmark environmental law.

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Tapping California Shale Oil Could Add Millions Of Jobs

California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.

Read More

MetLife Moving 2,600 Jobs from to North Carolina from Northeast, California

Company: MetLifeCA Net Job Gain/Loss: Unknown ImpactReason: Closure, Move Out of StateCity/Region Losing Jobs: Aliso Viejo, CACity/Region Gaining Jobs: Charlotte, NCNotes: Part of national consolidation by Metlife to move 2,600 jobs to NC from variety of locations but no specific specific job loss figures provided; jobs have average salary of $82,000

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MetLife Moving 2,600 Jobs from to North Carolina from Northeast, California

Company: MetLifeCA Net Job Gain/Loss: Unknown ImpactReason: Closure, Move Out of StateCity/Region Losing Jobs: Irvine, CACity/Region Gaining Jobs: Charlotte, NCNotes: Part of national consolidation by Metlife to move 2,600 jobs to NC from variety of locations but no specific specific job loss figures provided; jobs have average salary of $82,000

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Northrop Closes Dominquez Hills Site

Company: NorthropCA Net Job Gain/Loss: -768Reason: ClosureCity/Region Losing Jobs: Carson, CA

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Cuts Tough for Dreamworks’ Katzenberg

Company: DreamWorks AnimationCA Net Job Gain/Loss: -350Reason: LayoffCity/Region Losing Jobs: Glendale, CA

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Warn Act Warnings: 118 Health Care Jobs to be Cut at Dignity Health, Mills-Peninsula

Company: Dignity HealthCA Net Job Gain/Loss: -70Reason: LayoffCity/Region Losing Jobs: San Mateo, CA

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Warn Act Warnings: 118 Health Care Jobs to be Cut at Dignity Health, Mills-Peninsula

Company: Sutter HealthCA Net Job Gain/Loss: -48Reason: LayoffCity/Region Losing Jobs: Burlingame, CA

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Cheesecake Factory to Lay-Off 135 Employees

Company: Cheesecake FactoryCA Net Job Gain/Loss: -135Reason: LayoffCity/Region Losing Jobs: Calabasas, CANotes: Layoffs from West Coast bakery operations

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California Facing Bid Challenges in Improving State Roads

The Reason Foundation, a libertarian-leaning think tank, says in a new report that California is facing big challenges in improving driving conditions on its state-owned roads.

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