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A judge on Friday declined to force the state controller to comply with an order by Gov. Arnold Schwarzenegger to pay state workers minimum wage while the state remains without a budget.
Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment, have won the bid for the NBA's Golden State Warriors, a source close to the sale has told CNBC.
The tech and innovation category carry weight in the rankings. Here's what it takes to be #1.
With the launch of CNBC's fourth annual edition of "America's Top States For Business," we decided to take a look at the cost of a variety of items in the nation's ten most expensive states.
A state appellate court sided Friday with the Schwarzenegger administration in its attempt to impose the federal minimum wage on tens of thousands of state workers.
Is it unpatriotic to have a Fourth of July celebration without fireworks? Or is it fiscally responsible? That difficult choice is facing cities across America, as tight budgets have city managers weighing the mood-boosting value of throwing a traditional civic party against the realities of today's deficits.
California has about 225,000 organized state employees—still—and many have been forced to take three-day-a-month furloughs without pay. A few thousand of them converged on the Capitol Wednesday to protest threats by the Governor to impose the $7.25 minimum wage on them starting Thursday. There's no budget, and no solution to the $19.1 billion deficit.
I feel like a broken record. As the fiscal year ends, California is facing a crisis, with no budget…and a $19.1 billion…deficit…(yawn)…and no solution…zzzzzzz….. I’ve been reporting essentially the same thing for over two years, and while services have been cut and people are suffering, California, for the most part, is still functioning.
Two years ago, the Bay Area city of 120,000 went into a special kind of bankruptcy reserved for local governments called Chapter 9. It allowed the city of break contracts and suspend debt payments.
The Long Beach and Los Angeles ports released preliminary figures for May today.
The national foreclosure rate continued to fall in May, according to a new report released Thursday.
While sales of existing homes shot up across most of the nation in April, they fell in the West, down 6.2 percent.
Whitman is leading by 25 to 27 points in two polls (SurveyUSA and PPP) over Steve Poizner in the governor’s race, while Fiorina has opened up a 20 to 23 point lead against Tom Campbell in the Senate contest, with Chuck Devore trailing well behind.
Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
A large investor in Goldman Sachs is not ready to abandon the beleagured financial services giant just yet.
The chief investment officer of California's giant pension fund said Monday he is disturbed by the allegations of wrongdoing against investment firm Goldman Sachs.
California officials say former "Baywatch" star Pamela Anderson has failed to pay $493,000 in personal income tax. Anderson is on the annual list of delinquent taxpayers released Monday by the California Franchise Tax Board.
President Obama needs a real strategy that recognizes we will soon run out of oil and atmosphere and set goals to sustain our economy and environment in equal measures, instead of drilling for oil along the East Coast.
She's done it again. Former Hewlett-Packard CEO Carly Fiorina has released another attention-grabbing campaign video, as she seeks to beat out two Republican rivals and take on Sen. Barbara Boxer in November.
The City of Angels is facing a $200 million budget deficit in the current fiscal year which will grow another half billion next year. The city will owe $399 million next year just in debt service, and it faces about $6 billion in underfunded pensions and healthcare costs for its retired employees.