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| March 24, 2017

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California Archives -

Southern California aerospace and defense contractors expecting boost from Trump budget

March 23, 2017 |

Southern California’s defense industry, long the epicenter for high-flying aerospace technology and advanced weapons for the military, could get a major windfall under President Trump’s proposed new budget.

But the expected spending boom would come at the cost of billions of dollars in federal…


L.A. Times – Business

California Inc.: Mayor Garcetti to lay out future of Los Angeles

March 20, 2017 |

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.

Where are job openings these days? Try down on the farm, where pay is rising well past…


L.A. Times – Business

After scandal and shakeup, Banc of California wants to be boring again

March 20, 2017 |

Banc of California was at a high point last summer.

The Irvine lender’s assets had topped $ 10 billion, a milestone for a bank that had assets of less than $ 1 billion just five years earlier. Impressed investors sent its notoriously cheap stock to a post-recession high.

And in August, its ambitious…


L.A. Times – Business

Wages rise on California farms. Americans still don’t want the job

March 17, 2017 |

Arnulfo Solorio’s desperate mission to recruit farmworkers for the Napa Valley took him far from the pastoral vineyards to a raggedy parking lot in Stockton, in the heart of the Central Valley.

Carrying a fat stack of business cards for his company, Silverado Farming, Solorio approached one prospect,…


L.A. Times – Business

California softens its proposed rule on pesticide use near schools

March 17, 2017 |

Before using pesticides near California public schools, growers would have to notify school and county agricultural officials, under a revised draft regulation released Thursday — but the notification requirements would be less strenuous than what was proposed a few months ago.

In September, the…


L.A. Times – Business

California can require a cancer warning label on Roundup weed killer, judge rules

March 14, 2017 |

A judge has ruled that California can require Monsanto to label its popular weed killer Roundup as a possible cancer threat despite insistence from the agrochemical company that it poses no risk to people.

In January, Superior Court Judge Kristi Culver Kapetan tentatively dismissed a challenge…


L.A. Times – Business

Strong dollar, travel ban threaten California tourism, UCLA forecast says

March 13, 2017 |

Fewer people will visit California this year and next, depriving the state of $ 1.7 billion in spending, a new UCLA analysis finds.

A strong U.S. dollar, which makes U.S. products and services more expensive for foreign visitors, will lead to 5% fewer foreign visitors in 2017 and 1.1% fewer in 2018,…


L.A. Times – Business

California Flooding Has Prospectors Seeing Gold

March 11, 2017 |

This winter’s massive flooding in Northern California has done more than end the state’s years-long drought; it’s created the prospect of the best gold prospecting in 20 years, the Times reports. Gold hunters in the area tell the Chico Enterprise-Record the floods have “rearranged the rivers” and “move things around….
Newser

Hydroelectric power is poised for comeback in California

March 7, 2017 |

California’s years-long drought put hydroelectric power flat on its back.

But one of the cleanest and cheapest energy sources may be poised for a comeback as the state has been drenched with rain and its mountains blanketed in snow in recent months.

Energy officials studying the numbers are cautiously…


L.A. Times – Business

Two Southern California executives out at Wells Fargo amid stream of departures

March 7, 2017 |

Two regional Wells Fargo executives who oversaw operations across a broad swath of Southern California — one of the hot spots in the company’s sales practices scandal — have left the bank.

A Wells Fargo spokeswoman confirmed that Marla Clemow and Reza Razzaghipour, former regional presidents, no…


L.A. Times – Business