California business news

Customs Broker Pleads Guilty to $5 Million Fraud and Tax Evasion

News Summary Frank Seung Noah, a customs broker from California, has pleaded guilty to serious charges including wire fraud and…

1 month ago

California Employees Face New Return-to-Office Rules

News Summary California state employees are facing new return-to-office mandates as the government transitions away from remote work. With over…

1 month ago

Gas Prices in California Take a Sharp Turn Upward

News Summary Gas prices across California have surged, reaching $4.82 per gallon as of February 17, 2025, significantly higher than…

1 month ago

California’s Economic Landscape: Oil Taxes and Job Growth Debate

News Summary California is witnessing a heated debate over the proposed oil severance tax, which many fear could hinder job…

1 month 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

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

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

Forever 21 Faces Layoffs and Store Closures

News Summary Forever 21 has announced substantial layoffs, affecting nearly 700 employees in California and Pennsylvania, alongside the closure of…

2 months ago

KeyBank Expands Commercial Banking Teams in Southern California and Chicago

News Summary KeyBank is expanding its commercial banking operations in Southern California and Chicago, targeting middle-market clients with tailored solutions.…

2 months ago