Business & Economy

Business news

California Governor Signs Driverless Car Bill

Sep 25, 2012
Official Google YouTube channel

Legislation aimed at getting the first driverless vehicles on the road in California was signed into law today. Governor Jerry Brown signed the bill at Google headquarters in Mountain View.

Google has a dozen computer controlled cars – most of them Toyota Priuses -- equipped with self-driving technology. Designers say the robotic vehicles could make roads safer, since most car accidents are the result of human error.

Joe Moore / Valley Public Radio

Data out today show a big spike in the rate of California homes purchased and resold within six-months.

People in the real estate business call it “flipping.”

“Flipping is the process of buying a home or other property, usually at a discounted price, improving that property through rehab and repairs and then reselling that.”

Daren Blomquist is with RealtyTrac. The research firm has released new nationwide figures on flipped properties.

“Not surprisingly the state with the most flips in the first-half of 2012 was California with nearly 26,000.”

A federal judge in Los Angeles has upheld California's law that bans the use of tightly confined cages for some farm animals.

An egg producer challenged 2008's proposition 2, saying it was too vague for farmers because it didn't specify cage size.

But US District Judge John F. Walter said in his ruling it wouldn't require QUOTE "the investigative acumen of Columbo to determine if an egg farmer is in violation of the statute."

Food and Drug Administration

DFI Marketing of Fresno has announced a recall of 28,000 cartons of cantaloupe after a sample tested positive for Salmonella bacteria. Dresick Farms Inc grows produce on a farm in Huron, in western Fresno County.  

Amazon "Tax" Begins Saturday

Sep 13, 2012

If you need to make a purchase on Amazon, now would be a good time to do it. As Amy Quinton reports from Sacramento, starting Saturday, Californians will have to pay sales taxes on purchases.

AAA: Labor Day Holiday Travel Up

Sep 1, 2012
Michael R Perry / Licensed via Creative Commons via Flickr: http://www.flickr.com/photos/michaelrperry/6868181303/

The latest AAA forecast says a higher number of Californians will be traveling over this Labor Day holiday weekend.

According to the auto club, 3.7 million Californians will travel 50 miles or more.

“This is a modest increase of 3.4 percent over last year," said Cynthia Harris, who is with AAA Northern California. She says “modest” increases in travel numbers have been the norm over the past four years.

Foreclosures Drop, But Still Remain High

Aug 30, 2012
Joe Moore / Valley Public Radio

Foreclosure-related home sales fell 10 percent in California during the second-quarter compared to last year. But repossessions still accounted for a big percentage of homes sold. Listing service RealtyTrac says four out of every 10 California homes sold between April and June were foreclosures.

Daren Blomquist, RealtyTrac’s Vice-President said that number, "is extremely high. We’d expect to see less than 5 percent of all sales be foreclosure-related in a normal, healthy market."

A new UC Berkeley study says temporary workers in California are more likely to live in poverty than their co-workers.

Miranda Dietz is with the university’s Center for Labor Research and Education. She says “temps” hired through staffing agencies to work in data entry, nursing, accounting and other jobs, earn an average of 18 percent less per hour than their co-workers.

Joe Moore / Valley Public Radio

Three bills that would regulate California’s “Buy Here, Pay Here” used car industry are moving through the State Capitol despite some growing opposition. The critics include several used car dealers associations and some local chambers of commerce.

Former Republican Assemblyman Roger Niello is with the Sacramento Metro Chamber of Commerce. He’s also the owner of several auto dealers. He says efforts to crack down on what the bills’ authors call “predatory lending” would backfire on the very people the legislation is intended to help.

Congressmen Call For Hanford Slaughterhouse to Re-Open

Aug 23, 2012

Three Central Valley Congressmen have called on Agriculture Secretary Tom Vislack to allow the Hanford slaughterhouse at the center of an animal cruelty controversy to re-open. In a letter released today, Republican House members Kevin McCarthy, Devin Nunes and Jeff Denham called the shutdown of the Central Valley Meat Company unnecessary, and said the closure is causing economic hardship in the area. They said that the investigation into the plant's practices can continue should the plant re-open.

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