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BUSINESS
April 14, 1992 | MARTHA GROVES, TIMES STAFF WRITER
With California employers already complaining of rising workers' compensation costs and widespread abuses, an industry association on Monday recommended a whopping 23.1% boost in premium rates. "Rates are significantly inadequate," said Robert G. Mike, a spokesman in San Francisco for the Workers' Compensation Insurance Rating Bureau, an industry association that requested the increase in a filing with the state Department of Insurance.
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BUSINESS
April 3, 2011 | By Duke Helfand
Thousands of employers in California and across the country are slashing expensive doctors and hospitals from their insurance rosters in a move to hold down rising healthcare costs — a trend that is gaining favor with corporate bosses, if not the rank and file. The savings on insurance premiums — nearly 25% in some cases — are gained when companies switch their health plans to "narrow network" HMOs that offer fewer choices of medical providers. California, with nearly 21 million people in health maintenance organizations, is driving the rapid expansion of these networks.
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BUSINESS
October 28, 1992 | RALPH VARTABEDIAN, TIMES STAFF WRITER
California could lose 170,000 aerospace-related jobs by the end of the decade if it does not act aggressively to improve the state's competitiveness, according to a study by a prominent consulting firm. If that many jobs are lost, major contractors would conduct $4.5 billion less business in California, and the state would lose $300 million in general fund tax revenue annually, according to a study to be released today by McKinsey & Co., a Chicago-based consultant.
BUSINESS
February 26, 2000 | STUART SILVERSTEIN, TIMES STAFF WRITER
Big job gains across a broad spectrum of California industries helped drive down the state unemployment rate sharply in January to 4.7%, a 30-year low, officials reported Friday. Orange County unemployment remained well below the state average, despite rising slightly to 2.5% in January, up from a revised rate of 2.2% in December. Economists attributed the local uptick to seasonal factors, rather than a change in the county's tight job market.
BUSINESS
February 26, 2000 | STUART SILVERSTEIN, TIMES STAFF WRITER
Big job gains across a broad spectrum of California industries helped drive down the state unemployment rate sharply in January to 4.7%, a 30-year low, officials reported Friday. That decline, from a revised rate of 5% in December, was the state's steepest one-month drop in unemployment in nearly five years. It dovetailed with a job gain of 42,300 in January, reflecting the third consecutive month of sizable increases in nonfarm employment.
NEWS
December 5, 1999 | From Associated Press
Rewarding states in which welfare recipients found and kept jobs, President Clinton distributed $200 million in bonus money Saturday to 27 states for doing more than simply cutting welfare rolls. California, in large part because of its sheer size, received $45 million of the total. Clinton further refined what it means to succeed in welfare reform, saying that next year's bonuses will also reward states that get medical benefits and food stamps to low-income families.
NEWS
April 24, 1988
Rankings by total California employees California % change Rank Company employees from 1986 1 Pacific Telesis Group 69,729 -4 2 Lockheed Corp. 50,000 -6 3 BankAmerica Corp. 43,047 -13 4 Northrop 37,000 0 5 Lucky Stores 28,200 1 6 Pacific Gas & Electric 27,300 -7 7 Carter Hawley Hale Stores 25,000 0 8 Hewlett-Packard 23,000 0 9 Pacific Enterprises 21,950 0 10 Security Pacific 20,000 0 11 Vons Grocery Cos. 20,000 -5 12 Chevron Corp.
BUSINESS
October 21, 1996 | STUART SILVERSTEIN, TIMES STAFF WRITER
Despite the widespread attention focused on "downsizing" at America's leading companies, a new survey of big and medium-sized employers finds that they have been doing more hiring than firing. But the study found that major employers in California--notwithstanding an ongoing economic recovery nurtured by gains in high technology, entertainment and foreign trade--are still adding fewer workers than their counterparts in other states.
BUSINESS
April 3, 2011 | By Duke Helfand
Thousands of employers in California and across the country are slashing expensive doctors and hospitals from their insurance rosters in a move to hold down rising healthcare costs — a trend that is gaining favor with corporate bosses, if not the rank and file. The savings on insurance premiums — nearly 25% in some cases — are gained when companies switch their health plans to "narrow network" HMOs that offer fewer choices of medical providers. California, with nearly 21 million people in health maintenance organizations, is driving the rapid expansion of these networks.
BUSINESS
October 31, 2009 | Shane Goldmacher and W.J. Hennigan
Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear. Technically, it's not a tax increase, even though it may feel like one when your next paycheck arrives. As part of a bundle of budget patches adopted in the summer, the state is taking more money now in withholding, even though workers' annual tax bills won't change.
NEWS
December 5, 1999 | From Associated Press
Rewarding states in which welfare recipients found and kept jobs, President Clinton distributed $200 million in bonus money Saturday to 27 states for doing more than simply cutting welfare rolls. California, in large part because of its sheer size, received $45 million of the total. Clinton further refined what it means to succeed in welfare reform, saying that next year's bonuses will also reward states that get medical benefits and food stamps to low-income families.
BUSINESS
October 21, 1996 | STUART SILVERSTEIN, TIMES STAFF WRITER
Despite the widespread attention focused on "downsizing" at America's leading companies, a new survey of big and medium-sized employers finds that they have been doing more hiring than firing. But the study found that major employers in California--notwithstanding an ongoing economic recovery nurtured by gains in high technology, entertainment and foreign trade--are still adding fewer workers than their counterparts in other states.
BUSINESS
October 28, 1992 | RALPH VARTABEDIAN, TIMES STAFF WRITER
California could lose 170,000 aerospace-related jobs by the end of the decade if it does not act aggressively to improve the state's competitiveness, according to a study by a prominent consulting firm. If that many jobs are lost, major contractors would conduct $4.5 billion less business in California, and the state would lose $300 million in general fund tax revenue annually, according to a study to be released today by McKinsey & Co., a Chicago-based consultant.
BUSINESS
April 14, 1992 | MARTHA GROVES, TIMES STAFF WRITER
With California employers already complaining of rising workers' compensation costs and widespread abuses, an industry association on Monday recommended a whopping 23.1% boost in premium rates. "Rates are significantly inadequate," said Robert G. Mike, a spokesman in San Francisco for the Workers' Compensation Insurance Rating Bureau, an industry association that requested the increase in a filing with the state Department of Insurance.
NEWS
April 24, 1988
Rankings by total California employees California % change Rank Company employees from 1986 1 Pacific Telesis Group 69,729 -4 2 Lockheed Corp. 50,000 -6 3 BankAmerica Corp. 43,047 -13 4 Northrop 37,000 0 5 Lucky Stores 28,200 1 6 Pacific Gas & Electric 27,300 -7 7 Carter Hawley Hale Stores 25,000 0 8 Hewlett-Packard 23,000 0 9 Pacific Enterprises 21,950 0 10 Security Pacific 20,000 0 11 Vons Grocery Cos. 20,000 -5 12 Chevron Corp.
BUSINESS
March 9, 1994 | From Times Staff and Wire Reports
CareAmerica to Acquire Heath Cal: CareAmerica Health Plans, a Chatsworth-based health maintenance organization, has agreed to acquire Heath Cal, a workers' compensation insurer, for $95 million. Heath Cal, based in San Francisco, has annual revenue of $140 million and provides workers' compensation coverage for more than 350 employers in California and other states.
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