10/23/2020

News

Another Public Company, Daegis, Moving to Texas

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.

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Is Big Solar Dead?

With Friday’s cancellation of one of the biggest solar projects proposed for the California desert, the utility-scale solar boom of 2009 continues to falter. And analysts deep in the energy industry are taking notice.

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Tech Slowdown in San Francisco; Yahoo, Microsoft Scale Back Space Requirements

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

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Economic Growth: Texas, California and Revisions

The federal Bureau of Economic Analysis (BEA) came out with its new state-by-state economic growth numbers last week. The easy-to-read map shows that, not unsurprisingly given all the new oil production there, North Dakota led the nation in increased economic growth in 2012 at 13.4 percent, with Texas in second at 4.8 percent.

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California Climbing Shipbuilding Ladder

A new study ranks California fifth nationally in shipbuilding and ship repair, a standing that could rise as General Dynamics-NASSCO adds 800 workers in San Diego to help build commercial product carriers.

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Jobless Rate Plunges in Sacramento and California

The unemployment rate in Sacramento and California registered a significant drop in May for the second consecutive month, but analysts cautioned that the steadily improving numbers conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce.

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Homeowners Spending Cautiosly as Values Surge

Dean Schefrin bought a home at just the right time. He and his then-fiancee purchased their four-bedroom Thousand Oaks home last August, catching the rising wave of Southern California home prices.

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California’s Job Picture Gets Brighter

Just a few years ago, California was hemorrhaging tens of thousands of jobs and had one of the highest unemployment rates in the nation.

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Honda Center Might be Forced to Keep Workers It Fired

The state Legislature has adopted language that requires Honda Center management to pay hundreds of food and beverage workers for 60 days and then offer to continue their employment.

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California Voters May Get Final Say on Enterprise Zones

SACRAMENTO — California voters would be asked to decide the fate of the state’s controversial enterprise zones in November 2014 under a proposal Friday by the head of the state Democratic Party.

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Moreno Valley: Discount Grocer Aldi Expanding to West Coast

CA Net Job Gain/Loss: 200Reason: Expand, From Out of StateCity/Region Losing Jobs: Batavia, ILCity/Region Gaining Jobs: Moreno Valley, CANotes: Planned regional HQ and warehouse complex for national discount grocery chain

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Massive Mojave Desert Solar Project Canceled

The developer of a huge proposed solar power project that was once slated to cover 12.5 square miles of still-intact desert habitat has walked away from the idea, according to documents released by the California Energy Commission (CEC). The Calico Solar Project, proposed for land north of Interstate 40 between the hamlets of Ludlow and Newberry Springs, attracted opposition even from die-hard supporters of desert solar projects.

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Bill Would Push Prevailing Wages

Lawmakers buoyed by last fall’s election of a supermajority of Democrats in the state legislature are pushing new legislation that would cut off state construction funds from charter cities that don’t mandate the equivalent of union-scale wages on public-works projects.

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California’s Jobless Rate Sinks to 8.6%, Lowest Level Since 2008

California’s unemployment rate tumbled to 8.6% in May from 9% in April, falling to its lowest level since November 2008, the Bureau of Labor Statistics reported Friday.

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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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