Toyota's Texas Move Leaves California Headquarters In The Dust
Toyota's announcement this week that it's moving 3,000 sales and finance jobs from Southern California to Texas leaves the Torrance headquarters behind in the dust.
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Toyota's announcement this week that it's moving 3,000 sales and finance jobs from Southern California to Texas leaves the Torrance headquarters behind in the dust.
According to a new report, rent across the Bay Area has reached record highs. The region has averaged nearly double-digit rises annually for the last three years.
Stephen Levy, Director of the Center for Continuing Study of the California Economy in Palo Alto, said the skyrocketing prices are having wide-ranging effects on the economy.
Levi Strauss & Co. is planning to eliminate about 800 jobs as part of restructuring efforts over the next 12 to 18 months.
Oakland Mayor Jean Quan delivered her last State of The City Address Thursday before facing voters in her re-election effort this fall.
San Francisco-based Gap Inc. announced on Wednesday that they're raising minimum wage for its lowest-paid workers in the U.S. Workers will receive at least $9 this year and that increase will go to $10 in 2015.
The report comes as Supervisor Eric Mar has proposed an ordinance that would expand formula retail controls in San Francisco.
Although it was a banner year for many Silicon Valley companies in 2013, a business leader said the region needs help from the federal government to continue the trend in 2104.
Unemployment rates continued to drop in California and in the Bay Area in November, according to state jobs data released Friday.
Sellers across California have been holding the door open, hoping to cash in on double digit increases in home prices, and a surplus of buyers motivated by low interest rates. But, the stalemate in Washington is stalling home sales in the Bay Area.
California's unemployment rate fell to 8.6 percent in May, marking the first time in nearly five years the jobless rate has dipped below 9 percent.
In Santa Clara, the demand for hotel rooms is leading the surge in new construction projects and is another sign the Bay Area economy is booming.
The state's independent budget analyst says California will take in $3.2 billion more than Gov. Jerry Brown estimated, providing Democratic lawmakers the opportunity to increase spending.
The state's Employment Development Department reported Friday that California's jobless rate is at its lowest point since November 2008, nearly a year after the recession began.
Nevada's rate, while tied with California and Mississippi for the highest among states at 9.6 percent, was down from 11.8 percent a year ago.
Unemployment rates in parts of the Bay Area saw increases in January while the statewide rate went unchanged for the month, according to employment data released Friday.
A new report has cut the Bay Area's economic benefits from the America's Cup Race this summer in San Francisco from $1.4 billion down to $780 million.
Silicon Valley's economic engine may still be humming along, but it does appear to be downshifting into a slightly slower gear.
A new poll shows that most Californians are downright gloomy about the state's economy and very few voters think the job market will improve this year.
Big parties are making a comeback in San Francisco, as big companies give up on recession chic and pull out the stops to entertain in style.
Santa Clara University Economic Professor Mario Belotti's annual economic forecast calls for a 2.5 percent growth this year.
Gov. Rick Perry is wrapping up his high-profile recruiting trip to California without having convinced any businesses to relocate to his state—at least not yet.
President Barack Obama is urging a divided Congress to boost job creation and strengthen the middle class through a package of government-backed proposals - a move that drew support from members of California's largely Democratic Congressional delegation.
A new report says Silicon Valley bounced out of the recession last year, adding jobs, income and initial public offerings.
