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NEWS
March 30, 1993 | RALPH VARTABEDIAN, TIMES STAFF WRITER
In one of the most jarring business defections from Southern California, Hughes Aircraft will close its Canoga Park missile facility and move 1,900 engineering-related jobs to Tucson by 1994, the aerospace firm said Monday. The decision ranks among the largest transfers of aerospace jobs out of the state since the trend began in the mid-1980s. More ominously, it undercuts one of the state's last remaining strengths: retaining its wealth of science and engineering talent.
ARTICLES BY DATE
CALIFORNIA | LOCAL
May 2, 2012 | George Skelton, Capitol Journal
SACRAMENTO - You might think a tax law that rewards companies for killing California jobs and resurrecting them in another state would be dumped. Very quickly. Especially if it also rewards them for selling off property here and rebuilding elsewhere. Or, put another way, if the law provides a tax incentive not to hire or invest in California in the first place. You'd repeal it. A no-brainer. Makes no sense, except for the companies using the loophole while profiting from selling their products here in the nation's largest consumer market.
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BUSINESS
October 7, 1992 | MARTHA GROVES, TIMES STAFF WRITER
Intel Corp.'s decision to add a $400-million microchip manufacturing plant at its Santa Clara headquarters signals a new spirit of cooperation between industry and government to keep business from leaving the state, company officials and Gov. Pete Wilson said Tuesday. At an outdoor news conference attended by hundreds of Intel employees, company Chairman Gordon Moore and Gov.
CALIFORNIA | LOCAL
January 1, 2012 | By Carol J. Williams, Los Angeles Times
Like any concerned mother, Athena Hohenberg wanted to be sure her 4-year-old was getting a good breakfast. So she served up Nutella, a hazelnut and cocoa spread marketed as part of a balanced breakfast. "Start your day with Nutella spread," urge the TV ads. But Hohenberg was shocked to learn, she said in a lawsuit filed in February, that the sandwich spread is chock full of fat and sugar — "the next best thing to a candy bar," she alleged. Nutella manufacturer Ferrero USA Inc. has agreed to settle the suit brought by the San Diego mother on behalf of hundreds of thousands of consumers who may have been similarly deceived, even though the ads specified that fruit, milk and whole wheat bread were also part of that balanced meal.
BUSINESS
October 21, 1994 | RUSS LOAR, SPECIAL TO THE TIMES
There has been much talk among city leaders in recent years about making Irvine one of the state's most "business-friendly" cities. The September issue of California Business magazine says that Irvine has arrived, selecting it as the second-best mid-size city in the state in which to do business. "We've had an unjust reputation that because of being a new city, we had some unnecessary regulations in place," said Irvine City Manager Paul O. Brady Jr. "It was more perception than reality."
BUSINESS
March 14, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Buffums, a Southern California department store chain that opened as a dry goods shop 87 years ago, announced Wednesday that it will close its doors for good at the end of May. The widely anticipated shutdown will eliminate the jobs of 1,100 full-time employees and 300 part-time workers. The company's 16 stores extend from Glendale to San Diego; its headquarters and distribution center are in Long Beach. Buffums' closing follows a long-term decline by the retailer, leading to losses of $4.
NEWS
November 13, 1991 | PAUL JACOBS, TIMES STAFF WRITER
In an action likely to raise concerns around dinner tables throughout California, the state attorney general joined an environmental group Tuesday in suing 10 major dishware manufacturers for failure to warn consumers of potentially dangerous amounts of lead that can leach into food from household cups, plates and bowls. The legal action by Atty. Gen.
BUSINESS
March 15, 1991 | STUART SILVERSTEIN and CHRIS WOODYARD, TIMES STAFF WRITERS
The neatly lettered signs at the entrances to the Buffums in Fashion Island here Thursday were blunt and to the point: "All Sales Final. No Returns. No Exchanges." For Buffums, there also is no future. The chain announced Wednesday that it will close its 16 Southern California department stores in late May, after 87 years in business.
BUSINESS
April 25, 1995
Here are facts about companies listed on the Return on Equity 100 and the Employer 100 charts. Aames Financial Corp. Consumer Financial Services 3731 Wilshire Blvd. Los Angeles 90010 (213) 351-6100 * Chief executive: GARY K. JUDIS * Employees: 303 * Hiring trend: N/A Abbey HealthCare Group Healthcare Facilities 3560 Hyland Ave. Costa Mesa 92626 (714) 957-2000 * Chief executive: TIMOTHY M. AITKEN * Employees: 3800 * Hiring trend: N/A ABM Industries Inc. Business Services 50 Fremont St.
NEWS
May 24, 1993 | GLENN F. BUNTING, TIMES STAFF WRITER
For more than a decade, Desia Ritson waited on tables at other people's restaurants more than she cares to recount--the Proud Bird in Inglewood, Ship's Coffee Shop in Culver City and the Fire Pit in Del Mar to name a few--before she caught her first break in the catering business. After trying for three years, Ritson won a small government contract in 1986 to feed illegal immigrants who were detained at the Mexican border.
OPINION
November 14, 2011 | By Wendell Cox and Steven Malanga
Last year, the medical technology firm Numira Biosciences packed its bags and left Irvine for Salt Lake City. When asked about the firm's departure, its chief executive praised Utah's quality of life but also blamed California's business environment for the move. "The tipping point was when someone from the Orange County tax [assessor] wanted to see our facility to tax every piece of equipment I had," Michael Beeuwsaert told the Orange County Register. For years, California could rely on its temperate climate and a talented workforce to attract and keep businesses even as taxes and regulations increased.
BUSINESS
September 23, 2011 | By Marc Lifsher and Andrea Chang, Los Angeles Times
Amazon.com Inc. will change the way it does business, at least in California, now that Gov. Jerry Brown has signed into law a bill that requires the giant Internet retailer and certain out-of-state online merchants to collect sales taxes on purchases by Californians. Starting next Sept. 15, Amazon and many other Internet retailers will lose their ability to offer essentially a savings to customers by skipping the levy of 7.25% or more, which bricks-and-mortar stores and other merchants must collect.
BUSINESS
May 24, 2011 | By Robert Rodriguez
It's a sweet time to be in the honey business. California's abundant rainfall, a growing consumer demand and a tightening worldwide honey supply have the state's bee industry buzzing with excitement. Honey prices have reached record highs, and there's no sign that they will fall anytime soon. "Yes, we are having one of our best years in a long time," said Max Eggman, a Tulare County beekeeper and honey producer. "And we needed it. " Just five years ago, bees across the country were dying by the thousands.
OPINION
December 27, 2010
A broken California? Re "California isn't broken," Opinion, Dec. 20 The comments of California Treasurer Bill Lockyer and Stephen Levy regarding California's business climate are absurd. As an employer operating in 12 Southwest states, I experience firsthand the cost of doing business in California. The employee and facility expenses are the highest of any state in which we have employees. As a result, my employee head count is half of what it was before 2008. I have closed one facility in 2010 and will close a second by June 2011.
BUSINESS
August 24, 2009 | Tiffany Hsu
The Golden State won't let its businesses go easily, especially not to Nevada, if one California lawmaker has his say. A week after the Nevada Development Authority ran a series of advertisements urging California companies to jump ship, Assemblyman Jose Solorio (D-Santa Ana) is retaliating. "I was pretty outraged by the nastiness of their tone," he said. "It's one thing to compare states in a factual way, but when you're doing nasty ads veiled in humor which dehumanize Californians, that's over the top."
BUSINESS
July 30, 2009 | MICHAEL HILTZIK
Wilbur D.Curtis invented the globular glass coffeepot, that staple of coffee counters everywhere, in 1940. Since then his son and grandsons have turned Wilbur Curtis Co. into a manufacturing concern that earns revenue approaching $100 million by turning out commercial coffee brewing equipment from a sprawling factory in Montebello.
BUSINESS
April 28, 1992 | PATRICK LEE, TIMES STAFF WRITER
As a group, California's most profitable companies during 1991 had something in common with everybody else: an off year. The Times 100 list of California firms that return the best value to shareholders shows some healthy returns indeed. But reflecting hard times, the newest results pale next to the returns shown on the previous year's list. The list ranks companies by two years' average return on equity. This year's winnner, Syntex Corp., clocked in at an admirable 46%.
BUSINESS
July 13, 2009 | MICHAEL HILTZIK
Of all the ways in which California residents have slit their fiscal throats over the last 30 years, surely the most inexplicable is the bestowal of a gaping tax loophole on commercial and industrial property owners. The culprit, no surprise, is that 31-year-old wolf in sheep's clothing, Proposition 13, which prohibits the reassessment of any property except at the time of a change in ownership. A sale is a pretty straightforward transaction for a home.
CALIFORNIA | LOCAL
March 30, 2008 | Evan Halper, Times Staff Writer
As California business leaders bristle at vows by lawmakers to close the budget gap with new corporate taxes, the good people of Nevada see a Golden State opportunity. In a series of advertisements in newspapers and business journals that portray California in cartoons, the Nevada Development Authority is trying to lure California enterprises across the state line. "Doing your part to carry the un-Bear-able load?"
Los Angeles Times Articles
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