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California declares fiscal emergencyCalifornia Governor Arnold Schwarzenegger has declared a fiscal state of emergency in the state.
Fri, 30 Jul 2010 20:14:09 -0700.
California workers stiffed again
California's state workers just can't catch a break.
Wed, 28 Jul 2010 15:42:06 -0700.
California on verge of 'fiscal meltdown'
LOS ANGELES: The California Governor, Arnold Schwarzenegger, has declared a fiscal state of emergency, requiring most state employees to take three days of unpaid leave every month until a new budget is enacted.
Thu, 29 Jul 2010 07:18:24 -0700.
California's clean energy future threatened by federal delays, state officials say
The U.S. Department of Energy is accused of foot-dragging in approving loan guarantees to finance several major projects worth an estimated $30 billion. Plans for a massive expansion of clean energy in California are being jeopardized by federal foot-dragging, according to state officials who say that more than 20 nearly shovel-ready solar and wind projects are being held up by the U.S ...
Wed, 28 Jul 2010 13:02:23 -0700.
Santa Barbara?s new finance director Samario says ?everyone needs to work harder?
After nearly 15 years, Robert Samario is Santa Barbara?s new finance director. The Santa Barbara City Council this week selected Samario to head the finance department.
Fri, 30 Jul 2010 15:57:59 -0700.
Cash-starved California orders unpaid leave for workers
California Governor Arnold Schwarzenegger declared a fiscal state of emergency Wednesday, requiring most state employees to take three days of unpaid leave per month until a new budget is enacted.
Wed, 28 Jul 2010 14:49:19 -0700.
U.S. vows to block California's sale of EdFund
In these dismal economic times, Gov. Arnold Schwarzenegger has likened selling state assets to holding a garage sale to pay bills.
Sat, 31 Jul 2010 00:01:58 -0700.
Fitch Rates Port of Oakland's (California) $150MM Series A, B & C CP Notes 'F1+'
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'F1+' rating to the Port of Oakland, California's commercial paper (CP) notes (The Notes), series A (Exempt Facility), series B (Governmental) and series C (Taxable). The amount is not to exceed $150,000,000 for The Notes. The rating is based on the support provided by an irrevocable direct- pay letter of credit (LOC) issued by Wells Fargo ...
Fri, 30 Jul 2010 12:08:45 -0700.
Apartment rents hitting bottom
Scott R. McClave is a principal of transactions and finance for the Bascom Group, an Irvine-based investment firm that manages over 30,000 units of apartments in 10 states. McClave is involved with the acquisitions, financing, and dispositions of...
Sat, 31 Jul 2010 01:15:34 -0700.
Oxford Finance Corporation Leads $30 Million Secured Loan Facility for Cadence Pharmaceuticals
ALEXANDRIA, Va., July 28 /PRNewswire/ -- Oxford Finance Corporation, a subsidiary of Sumitomo Corporation, today announced that it was the lead lender for a $30 million credit facility provided to Cadence Pharmaceuticals. Silicon Valley Bank and GE Financial Services, Inc. also participated in the loan agreement. This infusion of capital will support the company's potential launch of their ...
Wed, 28 Jul 2010 12:59:38 -0700.