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Business

Technology Is Focus of this Year's California Business Symposium

The future of the online marketplace and business technology was explored Tuesday at the fifth annual Central Coast Business Symposium.

First Quarter Layoffs Highest in a Year

The monthly number of layoffs at U.S. firms has exceeded the same month a year earlier for four of the past six months, a private employment firm said.

Atlantic City Casino Profits Drop 28 Percent for 2012

Atlantic City casino revenues got slammed by Hurricane Sandy in the fourth quarter of 2012, leaving the industry with an $18.5 million operating loss compared with an $81.4 million profit in 2011.

Federal Drought Grants Announced

Agriculture Secretary Tom Vilsack announced $5.3 million in federal grants to help farmers and ranchers adapt to severe drought and other extreme climate changes.

Florida, Memphis Top Markets for Home-rental Investing

Seven of Florida's foreclosure-filled housing markets are among the nation's Top 20 metro areas for single-family rental investments, according to a report.

Pot Startups Would Need $500,000 Under Proposed Rule

Big Weed is likely to shut mom-and-pop operations out of the medical marijuana business, critics say, thanks to a proposed state provision that requires prospective pot peddlers to put $500,000 in escrow.

Boeing Picks Up More Orders for Grounded Dreamliner

Boeing booked more new contracts for its 787 airliner, even with the Dreamliner has been grounded for nearly three months over battery fire dangers.

New Jersey Tax Breaks $2.5B, Yet Economy Lags

New Jersey has provided more corporate tax breaks in the past three years than it did in the last 10, but the state's economy still continues to lag, according to a report released on Monday.

Barclays Needs a Good Shaking, Plus Pay Cuts: Report

An internal review into the way Barclays does business has found a culture of greed that values short-term gains over the interests of customers and a board lacking in sufficient banking knowledge to control its top traders and executives.

Mary Tolan Out at Accretive

Following a string of missteps and controversy, Accretive Health Inc. on Tuesday replaced its co-founder, President and Chief Executive Mary Tolan with Stephen Schuckenbrock, former president of Dell Services.

Ex-Goldman Trader Pleads Guilty to Wire Fraud

A former Goldman Sachs trader admitted in a New York federal court to hiding a trading position from his supervisor that resulted in a $118.8 million loss.

Anthem's Small-business Rate Hike Slammed in Calif.

California's insurance commissioner lambasted another rate increase by Anthem Blue Cross while acknowledging he can't do much to stop it.

Utah Greets Gun Makers With Open Arms

Make guns? Tired of restrictive gun laws, or worried that they're on their way? Utah would love a little chat.

Medicaid Expansion Could Bring 20,000 Jobs to South Florida

Some 20,000 health-care jobs could come to South Florida if Medicaid is expanded, according to a report from the University of Florida.

Publicly Traded Firms Can Put Info on Social Media

Automakers and other publicly traded companies can distribute critical corporate information using social media as long as they tell investors where to look for the information, the U.S. government ruled Tuesday. The Securities and Exchange Commission's decision clears the way for public companies to post market-sensitive information to Facebook (NASDAQ:FB), Twitter and other social media sites.