Category archive

Business & Economy - page 36

Local businesses, major employers, retail development and the regional economy.

California’s Sonoma Wine Country Reckons with Wildfire Damage to Tourism Economy

in Business & Economy/Environment

SONOMA, Calif. — As ash settles from the recent wildfires in one of the world’s most recognizable wine regions, the battle-tested vintners now face another problem – discouraged tourists.

The wildfires in California’s Sonoma County are among the largest and most intense in the state’s history. Fortunately for the wineries, the fires came at the close of the harvest this year and most of the grapes were saved. But that might not matter so much.

“The real damage from the fires isn’t on the harvest, it’s on the economy,” said Rob McMillan, executive vice president and founder of Silicon Valley Bank’s wine division. “From a tourism standpoint, people will choose not to come to the vineyards.”
Continue Reading on CNBC

You might be interested in

Pair of Weekend Fires

There were a couple of fires of note in the region as temperatures are rising this season. There was a

Got a Weird Text? A Telecom Vendor Says It’s to Blame

in Business & Economy

If you woke up to a weird text that seemed totally out of place, you aren’t alone. A mysterious wave of missives swept America’s phones overnight, delivering confusing messages from friends, family and the occasional ex.

Friends who hadn’t talked to each other in months were jolted into chatting. Others briefly panicked.

A telecom vendor called Syniverse said a server failed on Feb. 14, and nearly messages from multiple carriers didn’t go through. When that server was reactivated Thursday, those messages got sent.

Syniverse initially estimated about 170,000 messages, but the company now says it’s higher, without saying how many. Syniverse said it is reviewing internal procedures so this doesn’t happen again. Syniverse typically deletes messages that don’t go through.

Continue Reading on WXYZ

You might be interested in

$3.7M Settlement Reached in Pep Boys Lawsuit: Alameda County DA

in Business & Economy

ALAMEDA COUNTY, CA — A multi-million dollar settlement has been reached following allegations by Alameda County and other California counties that retailer Pep Boys violated California laws by routinely and illegally disposing of automotive fluids, used motor oil and other hazardous wastes into trash bins destined for municipal landfills, according to a news release from the Alameda County District Attorney’s Office.

Alameda County District Attorney Nancy E. O’Malley announced the $3.7 million settlement Monday. It resolves the case against The Pep Boys Manny Moe & Jack of California (Pep Boys), which also alleged that Pep Boys routinely failed to shred customer records containing confidential information before disposing of those items in the trash.

Continue Reading on Patch

You might be interested in

SoCal Gas Prices Rise Sharply as U.S. Prices Fall; California Refinery Issues Continue

in Business & Economy

SAN DIEGO (KGTV) — Gas prices in Southern California continue to rise sharply as prices throughout the rest of the U.S. continue to fall.

According to GasBuddy, the national average is down two cents, currently costing $2.65 per gallon.

In California, the average as of Sunday is $3.98 per gallon and could hit $4 by late Sunday or Monday, GasBuddy says.

In San Diego County, the average price per gallon has increased by more than 40 cents over the last 13 days, AAA reports.

Continue Reading on ABC 10 news

You might be interested in

Why so Few Places to Live in Modesto? A Clue. It Has to Do with Raging Economy

in Business & Economy

Job growth is a leading indicator of economic recovery.

But are you living the dream if a large percentage of your paycheck goes to housing costs, or a shabby apartment in Modesto or Turlock is all you can afford>

In cities across the country, housing construction has not kept up with a long streak of job growth that followed the terrible recession of 2008 and 2009, according to a study by Apartment List, an online apartment-finding service.

In the Modesto area, the economy added 18,324 jobs between 2008 and 2018 or 3.4 jobs per 1,000 residents. During the same time period, less than 1 permit for housing construction was issued per 1,000 residents. The study concluded that 4.2 jobs were created here for every building permit issued for housing.

Continue Reading on The Modesto Bee

You might be interested in

Balanced Budget First Step in Earning Back Your Trust

in Business & Economy

On May 24, we started the discussion with Turlock stakeholders, including our residents and taxpayers, on the need to balance our budget, do business differently and put Turlock back on sound fiscal ground.

Our immediate job was to stop deficit spending. City Manager Lawton and his staff launched an open budget discussion process on how best to deliver essential City services in the most economical manner.

Initial requests from City Department heads would have required $4.1 million in deficit spending. To most people, spending more money than they have is a foreign concept. In our City, deficit spending unfortunately has been common practice in recent years. No more.

Continue Reading on Turlock Journal

You might be interested in

Report Shows 68 Percent Affordable Broadband Access in California

in Business & Economy

LAKE COUNTY — A report issued this week by internet connectivity tracking website BroadbandNow shows more California residents have affordable access to wired broadband internet than in most states.

The report, called “The State of Broadband in America,” begins with Federal Communications Commission data showing where broadband connections are offered by providers across the country, and adds in data on price to compile a list focused on affordability.

“Our data shows that less than half of Americans have access to a $60 per month wired broadband internet plan,” BroadbandNow reports, “and half of Americans have access to ultra-high speeds at any price, which we are defining in this report as 500 Mbps download speeds or higher.”

The report states that 68.1 percent of California residents have access to $60 per month broadband, putting the state sixth of all states in that ranking.

Continue Reading on Record Bee

You might be interested in

Fresno State Makes Top 20 for Online MBA Program

in Business & Economy

Fresno State has received recognition for its online MBA program, being named among the best in the state.

According to mbacentral.org, Fresno State’s program was listed in 12th place in its list of California’s best 20 MBAs. Rankings for the list were made based on tuition, accreditation, support services and quality of classes.

Continue Reading on Business Journal

You might be interested in

1 … 34 35 36
Go to Top