Trump nominates CKE’s Puzder for labor secretary
President-elect Donald Trump’s nominee for labor secretary, Andy Puzder, CEO of CKE Restaurants and subsidiaries Carl’s Jr. and Hardee’s, could pave the way toward business deregulation. While there are many layers to his appointment, Puzder has taken strong anti-labor stances, long decrying California’s minimum wage policy and other regulations that he claims have driven Read More →
Dubroff: California’s legalization of marijuana could go up in smoke
In light of the recent election, it’s worth noting that Colorado sales from recreational marijuana soared to $1 billion in fiscal 2015 and the state’s haul of tax revenue has risen to $135 million. But the election of Donald Trump and his selection of Sen. Jeff Sessions as the attorney general-designate have rattled that state’s Read More →
Judge’s block of federal overtime exemption rule great for California employers
It’s a rare event when a federal rule sets a higher pay standard than worker-friendly California. That’s part of the reason why I wondered whether a Department of Labor mandate to sharply raise the level for overtime exemption to $47,476 a year on Dec. 1 amounted to a war on small businesses. On Nov. 22, Read More →
Freeport-McMoRan sells California onshore oil, gas properties
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Sustainable projects key for Central Coast
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Freeport-McMoRan selling onshore Central Coast oil and gas properties
Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the Read More →
Amgen spends big to defeat Proposition 61
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