September 30, 2003 |
A Dallas-based restaurant company has backed out of plans to purchase most of the restaurants held by Emeryville, Calif.-based Chevys Inc., citing among other reasons California's growing health insurance costs. Chevys is a privately held restaurant group that has been struggling financially and is closing many of its Rio Bravo restaurants. In June, Consolidated Restaurant Operations Inc.
April 5, 1996 |
Trans/Pacific Restaurants Inc., which operates 40 restaurants in California and Hawaii, on Thursday filed for protection from creditors through U.S. Bankruptcy Court in Santa Ana. "Although this was an extremely difficult decision, our analysis showed that it was a necessary one," said Trans/Pacific President and Chief Executive Ronald F. Higgins, who linked the filing to "increased competition . . . and the severity of the downturn in both the Hawaiian economy and tourism."
October 14, 2010 |
Engineering giant Bechtel Corp. agreed to pay $18.5 million to settle a lawsuit alleging that the fees charged to employees in its 401(k) retirement plan were too high. The class-action lawsuit brought by two former Bechtel employees in California alleged that the San Francisco-based company should have used its massive size to negotiate lower expenses for the more than 17,000 people in its 401(k) plan. The settlement would mark the latest advance for workers who have brought suits alleging that employers allowed 401(k)
August 11, 1985
Work will start this month on the initial phase of a planned 780-home development in Tehachapi, with models expected to be ready im November. The Tehachapi Planning Commission has approved the 140-acre development west of Curry Street between Pinon Street and Highline Road. The $50-million project will include 490 single-family homes, 290 multifamily attached units and a 10-acre convenience shopping center. The project is a joint venture of the Barmakian Co.
July 17, 1985 |
The idea of requiring new state and local workers to participate in the federal Social Security program, a provision of the new House budget offer, is likely to ignite strong opposition in California, Rep. Bobbi Fiedler (R-Northridge) said Tuesday. Only a third of the state's 1.5 million public employees are covered by Social Security and those who are see their pensions reduced by up to $133 a month, according to state figures provided to Fiedler.
December 17, 1986
Lear Siegler, the Santa Monica conglomerate that has been a takeover target for the last two months, agreed today to be acquired by the New York investment firm of Forstmann, Little & Co. and by some members of Lear Siegler's management for $2.1 billion. The buy-out group said it will pay $92 cash for each of Lear Siegler's outstanding 17.8 million common shares and $230 cash for each of the company's 175,000 outstanding preferred shares.
May 25, 1990 |
Black state employees in California are more than three times as likely as Anglo workers to be disciplined or fired, according to a two-year state Personnel Board study. Blacks make up less than 12% of the state government work force in California, but they accounted for 38% of the firings and 33% of the dismissals during probation, according to a report on the study. Latino workers also are disciplined more often than Anglos, the report concluded.
CALIFORNIA | LOCAL
March 28, 2001
Nearly 530,000 teachers, administrators, custodians and other school employees across California will receive cash bonuses of almost $600 because their campuses significantly boosted test scores, state officials announced this week. The one-time rewards will reach employees at 4,502 schools--more than half of the state's campuses--as early as next month. Every employee at the schools will receive money under the $350-million program, known as the School Site Employee Performance Bonus.
CALIFORNIA | LOCAL
December 11, 2008 |
Student employees at California State University called off a threatened strike Wednesday after Darrell Steinberg, the new state Senate president pro tem, offered to mediate between the union and the college system. United Auto Workers Local 4123, representing about 6,000 students working as teaching and research assistants and tutors, is asking the university to give its members free tuition and fees, a benefit extended to other Cal State employees. The university says it can ill afford the estimated $8-million to $11-million cost of the proposal in the middle of the deepening state budget crisis.