Gov. Brown is expected to propose that funds from the state’s estimated $3 billion surplus be spent on public schools and community colleges. However, Democrats are expected to try to spend much of that money on various social programs, including child care and higher education, according to an Associated Press …
Read More »Housing market improves
The U.S. housing market continued to improve during the first quarter. Sixty eight of the country’s estimated 360 metropolitan areas either returned to or exceeded their normal levels of economic and housing activity during the first three months of this year, according to the National Association of Home Builders. That …
Read More »Cushman & Wakefield to be bought
DTZ, commercial real estate firm with clients throughout the world, has announced it plans to buy Cushman & Wakefield. The Chicago-based company will pay $2.04 billion for Cushman & Wakefield, creating a single company with $5.5 billion in yearly revenue and that will oversee more than four billion square feet …
Read More »Medical School could lose county funding
Riverside County might take $1.5 million budgeted for UC Riverside’s medical school and use it on the county-owned hospital in Moreno Valley. The money would be diverted to pay for equipment at Riverside County Regional Medical Center, which has a history of financial problems, according to a report in The …
Read More »Get ready for another supermarket chain in the Inland Empire
Washington-based Haggen is about to open stores in Riverside and San Bernardino counties, part of a larger expansion into Southern California. Despite facing a lot of competition, analyst say the 82-year-old company might be entering the market at precisely the right time. The already crowded Southern California supermarket industry is …
Read More »Economy rebounds with strong jobs report
The U.S. economy added 223,000 jobs in April, a slight rebound from the lackluster first three months of the year. The unemployment rate fell to 5.4 percent, down from 5.5 percent in March and the lowest it’s been in seven years, according to data released Friday by the U.S. Department …
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