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BUSINESS
April 23, 2014 | By E. Scott Reckard
Banc of California in Irvine is acquiring Popular Community Bank's 20 Southern California offices, part of a deal in which Popular Inc., Puerto Rico's largest bank, is shedding 41 mainland U.S. branches. The companies said Wednesday that Banc of California would pay $5.4 million for the local franchise, more than doubling its current network of 18 branches. The deal includes $1.1 billion in deposits and $1.1 billion in loans from eastern and southern Los Angeles County and northern Orange County.
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NEWS
April 23, 2014 | By Kerry Cavanaugh
A Green Party candidate for secretary of state is planning to crash a debate Wednesday in Sacramento, after he and two other contenders were excluded from the event. This is oddly amusing for a couple of reasons. First, when has there ever been so much interest in the race for secretary of state? It's a job that largely involves overseeing election procedures and managing various business and political filings. Second, David Curtis, the Green Party candidate who was not invited to the debate, recently placed higher in a Field Poll voter survey than two other candidates who were invited to debate.
NEWS
April 23, 2014 | By Mary Forgione, Daily Deal and Travel Blogger
One thing you have to understand about the Land of Chima: The lions are the good guys. They're the ones who seek to protect the kingdom from the battle-prone crocodiles on Cartoon Network's TV series and video games. So it's not surprising that the largest piece of Legoland California's yet-to-open Chima-themed water park is a 2,116-pound Lion Temple Arch. The arch, 18 feet off the ground, was put in place last weekend at the emerging Legends of Chima Water Park that's slated to open May 24. "The Lego arch will stream water beneath the massive lion head at the entrance to the Lion Temple Wave Pool," a Lego announcement says.
CALIFORNIA | LOCAL
April 23, 2014 | By Diana Marcum
FRESNO - The state's new effort to map the areas most at risk from pollution features hot spots up and down California. But nowhere are there more of the worst-afflicted areas than in Fresno - in particular a 3,000-person tract of the city's west side where diesel exhaust, tainted water, pesticides and poverty conspire to make it No. 1 on California's toxic hit list. "I'm looking at this map, and all I see is red. We're right here," Daisy Perez, a social worker at the Cecil C. Hinton Community Center, said as she located the center of the red areas that represented the top 10% most-polluted census tracts in California.
CALIFORNIA | LOCAL
April 23, 2014 | By Robert J. Lopez
A 6.7 magnitude earthquake was reported off Canada's Vancouver Island on Wednesday night. But there were no tsunami concerns for the Pacific Coast, including California. The quake rocked the region around 8:10 p.m. and was located about 58 miles southwest of Port Hardy in British Columbia, according to the U.S. Geological Survey. The quake was followed by two aftershocks of 5.0 and 4.2. There were no tsunami watches, warnings or advisories for the Pacific Coast, according to the Pacific Tsunami Warning Center.
BUSINESS
April 23, 2014 | By Charles Fleming
Is Tesla going to be manufacturing more cars or car parts at a new facility? The electric car company won't comment specifically, but city officials in tiny Lathrop, Calif., say work is underway converting a 431,000-square-foot facility that once housed a Chrysler-Daimler distribution center into a Tesla factory. Lathrop City Manager Steve Salvatore, confirming the arrival of Tesla in his small town of 19,000, said the company had indicated it will be hiring 100 to 125 workers, to start, and is likely to hire more.
CALIFORNIA | LOCAL
April 23, 2014 | George Skelton, Capitol Journal
SACRAMENTO - It has come to this: California politics have become so one-sided that the only half-way intriguing statewide races this spring are for two largely ministerial jobs. One is secretary of state. The other is state controller. Both are pretty mundane. The secretary of state oversees elections and maintains public databases on campaign contributions and lobbyists' spending. The office also processes a lot of business-related stuff. Sounds simple. But under termed-out Democrat Debra Bowen, few things seemingly have been simple.
CALIFORNIA | LOCAL
April 23, 2014 | By Patrick McGreevy
SACRAMENTO - Stirred up by a series of Capitol scandals, four candidates for California secretary of state clashed at a forum Wednesday over who is best suited to restore voter faith in state government. Candidates Alex Padilla, Dan Schnur, Pete Peterson and Derek Cressman also challenged one another's ideas for reducing the corrupting influence of big money in state government. The event sponsor, the Sacramento Press Club, did not invite the three other candidates for the job . State Sen. Alex Padilla (D-Pacoima)
BUSINESS
April 23, 2014 | By E. Scott Reckard
Banc of California, a growing community bank in Irvine, is doubling its footprint in Southern California as it joins a new wave of smaller California banks pushing to expand into regional players in the aftermath of the financial crisis and the Great Recession. Banc of California said Wednesday that it agreed to buy 20 Popular Community Bank branches from struggling Popular Inc. in Puerto Rico, adding them to its 18 branches from Los Angeles to San Diego. The new branches would be in lightly banked Latino neighborhoods in Los Angeles and Orange counties.
CALIFORNIA | LOCAL
April 23, 2014 | By Chris Megerian
SACRAMENTO -- California's parks are being dragged down by stagnant leadership, inadequate resources and a failure to serve the state's growing population of young Latinos, according to a draft report from an independent commission created to examine the troubled park system. The California Department of Parks and Recreation “has not been able to keep pace with the times and now faces significant system-wide financial and organizational challenges,” the report says. “These challenges place at risk the system's continued viability, as well as the public's trust and confidence in the Department charged with caring for the state's natural and cultural resources.” The report , which will be worked on throughout the year, is scheduled to be presented to the Parks Forward Commission next week.
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