California Business News

Los Angeles Wildfires: Insurance Crisis Deepens

News Summary Los Angeles is grappling with severe wildfires, leaving homes in ashes and families heartbroken. The insurance market, already…

2 months ago

California Business Landscape Faces Major Changes

News Summary California's economy is currently facing significant turbulence, with home sales declining by 10%, rising bankruptcy filings, and corporate…

2 months ago

California’s Minimum Wage Increase Set for 2025

News Summary Starting January 1, 2025, California's minimum wage will rise to $16.50 per hour. This decision follows the rejection…

2 months ago

Banc of California Reinforces Support for Southern California Startups

News Summary Banc of California has reaffirmed its title sponsorship of the SoCal Venture Pipeline for a third consecutive year,…

2 months ago

Rich Products Corp. Announces Job Cuts, But Buffalo Hopes Remain High!

News Summary Rich Products Corp. has announced the closure of four manufacturing plants across the U.S., affecting nearly 600 jobs.…

2 months ago

Multimillion-Dollar Sale Transforms California’s Lighting Industry

News Summary A landmark multimillion-dollar transaction has shaken up California’s lighting industry as Lutron changes hands, facilitated by the expert…

2 months ago

Hydrogen Fuel Stations Face Challenges in California

News Summary California is experiencing a decline in hydrogen fuel-cell stations, with fewer locations available than in previous years. Despite…

2 months ago

Neighbors Confront Challenges After Eaton Fire in Altadena

News Summary In the aftermath of the Eaton Fire on January 30, 2025, two Altadena neighbors faced contrasting recovery experiences…

2 months ago

Modesto Receives $18.4 Million for Cannabis Industry Equity

News Summary Modesto is set to receive $18.4 million from the Governor's Office of Business and Economic Development (GO-Biz) to…

2 months ago

California Announces Four-Day In-Office Workweek for State Employees

News Summary California's Governor Gavin Newsom has mandated a transition to a four-day in-office workweek for all state employees starting…

2 months ago