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| May 23, 2018

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Another California city rebels against state’s pro-illegal immigration ‘sanctuary city’ policies

May 22, 2018 |

Another California city has joined the fight against the state’s sanctuary city law, which limits local authorities’ ability to investigate illegal immigrants’ status and communicate with federal immigration offiicals.
FOX News

California toy mogul Isaac Larian gives up on bid to buy hundreds of Toys R Us stores

May 22, 2018 |

California toy mogul Isaac Larian said Monday he has given up his effort to buy several hundred Toys R Us stores from the bankrupt retailer after he and the company’s debt holders were unable to reach an agreement.

A group of investors led by Larian, founder and chief executive of MGA Entertainment…


L.A. Times – Business

Sports gambling may be coming to California — but it’s unclear who will take your bets

May 20, 2018 |

If there is one sure bet Californians can make now that the Supreme Court has cleared the way for legalized sports gambling, it’s this: Months, if not years, of haggling lie ahead before residents can wager a dime on any game.

And that haggling could be a spectacle in itself as tribal casinos,…


L.A. Times – Business

California gains nearly 40,000 jobs, and unemployment falls to record low

May 18, 2018 |

The California economy rebounded from a disappointing March and added 39,300 net new jobs last month, as the unemployment rate fell to a new record low of 4.2%, according to data released Friday by the state Employment Development Department.

The report indicates that the California economy remains…


L.A. Times – Business

‘Shameful’ Finding in California STD Report

May 16, 2018 |

STDs are booming in California, with health officials worried about a 45% increase over the last five years. In 2017, there were 218,710 reported cases of chlamydia, the highest number since 1990, representing a 9% increase over 2016. There were another 75,450 cases of gonorrhea, the highest number…
Newser

California Inc.: TV networks, eyeing big bucks, lay out prime-time plans for advertisers

May 14, 2018 |

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week.

Trading resumes Monday after Wall Street had its best week since early March. Investors…


L.A. Times – Business

Wells Fargo owes $97 million to California employees who didn’t get breaks

May 10, 2018 |

Wells Fargo & Co. must pay $ 97 million to home mortgage consultants and private mortgage bankers in California who didn’t get the breaks they were entitled to under the state’s stringent labor laws.

A federal judge in Los Angeles on Tuesday agreed with the bankers and consultants that the money…


L.A. Times – Business

Solar Panels Will Likely Be Mandatory on New California Homes

May 10, 2018 |

Jumping out ahead of the rest of the country, California on Wednesday moved to require solar panels on all new homes and low-rise apartment buildings starting in 2020, the AP reports. The new building standard—unanimously approved by the five-member California Energy Commission—would be the first such statewide mandate…
Newser

CalSTRS to pressure retailers to stop selling assault weapons banned by California

May 10, 2018 |

California’s teachers’ retirement system will pressure retail companies it is invested in to stop selling firearms and parts that are outlawed by the state — and would consider divestment from firms that refuse to make changes, a key panel decided Wednesday.

The vote by the Investment Committee…


L.A. Times – Business

California regulators approve mandate for solar panels on new houses

May 9, 2018 |

California regulators on Wednesday mandated that all newly built single family houses have solar panels, part of the state’s aggressive push to combat climate change.

The California Energy Commission voted 5-0 to approve the measure, which also applies to multifamily buildings of three stories…


L.A. Times – Business