california

HSBC May Consider Buying Northern Trust

HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said. Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.

Unemployment in Some States Near Record Highs

The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.

Why Happy Meals Toys are Controversial in California

Forget California's huge budget deficits, high unemployment levels and nasty political campaigns. One of the most polarizing issues in the Golden State today is about a proposal to ban Happy Meals toys in San Francisco.

Why New Jersey Is Still No. 1 for Property Taxes

If there is one thing that unifies residents of New Jersey in these divisive times, it's property taxes: Everybody hates them. One of the Garden State's chief claims to fame -- besides 'The Sopranos' and The Boss -- is that its residents pay the highest property taxes in the country.

Most States Reported Higher Joblessness in August

Last month, 27 states lost jobs, while 10 states and Washington, D.C., had no rate change from July, according to the report. Overall unemployment was down slightly from the 9.7% rate in August 2009, the BLS said.

PG&E Releases List of 100 High Priority Gas Lines in California

Pacific Gas and Electric (PCG) released a list of 100 high priority gas lines in California, 11 days after a gas main exploded in San Bruno, killing at least four people. PG&E compiled the list using criteria including potential for corrosion and the potential for third-party damage such as construction, the company said on its website.

Very Few Laid-Off Californians Have Found New Jobs

Increased temp hiring and in industries such as retail and tourism have barely made a dent in a state hit by far larger job cuts in print media and telecommunications, according to the UCLA Anderson Forecast.

Why Marijuana Prices May Head Lower

Marijuana legalization proponents can see a day when the marijuana market looks like the alcohol industry. There would a range of quality among the products offered. And there would be taxes assessed -- perhaps even heavy taxes. The financial consequences of such developments would be huge.

10 Worst Places to Live

You don't need the U.S. Misery Index to tell you that things are bad in the U.S. Unemployment is near or at all-time highs in many parts of the...

Furlough Fridays Back On in California as Schwarzenegger Declares Fiscal Emergency

Faced with a $19.1 billion deficit and no hope for digging out, California Governor Arnold Schwarzenegger on Wednesday declared a fiscal emergency. Under the rules of the emergency, Schwarzenegger ordered three furlough days per month for all but essential state employees. State offices will be closed three Fridays a month.

Basil crops attacked by fungus

Consumers who enjoy the taste of fresh basil in their cooking might find it more challenging to buy -- particularly if they prefer the organic...

New Solar Panel Factory Will Rise in Oregon

Oregon is the latest state to notch a big win in the effort to attract green jobs: Silicon Valley solar company Solexant has announced plans to build a large factory to produce thin-film solar panels near Portland. Oregon gets jobs; Solexant gets a $25 million loan and $18.75 million in tax credits.

California Freezes Popular Solar Incentives

Just a few days before an expected 20,000 solar devotees gathered in San Francisco for Intersolar, a large industry conference and expo, California regulators suspended its popular solar incentive for large projects, as well as government and nonprofit projects, while it rejiggers part of its program.

Legal Briefing: Bid-Rigging Convictions Overturned

Two Marsh & McLellan executives who were convicted in an insurance industry bid-rigging case saw their convictions overturned Wednesday because the New York Attorney General's office failed to turn over 700,000 documents, including exculpatory and impeaching evidence.

U.S. Home Prices Rose Faster Than Expected in April

The U.S. housing sector improved a bit more than expected in April, as home prices in 20 major cities rose 3.8% on a year-over-year basis, according to the S&P/Case-Shiller survey. But is rising housing demand real, or was it a temporary surge from the now-expired home buyer tax credit?

California's Split Recovery: Coast
vs. Inland Empire

Coastal California's economy has started to pick up, but prospects for the state's inland regions still look grim, according to recent report by UCLA's Anderson School of Management. For the state as a whole, the recovery won't be speedy.