Business Guide

Unemployment rate falls in California, Sacramento

  • Finn Torode
  • October 16, 2011
0

Unemployment rates fell in California and Sacramento last month, state officials said today.

California’s unemployment dropped two-tenths of a percent to 11.9 percent, the Employment Development Department reported. Payrolls grew by 11,800. Perhaps more importantly, a revision showed that employers added 21,100 jobs in August. That erases a previously reported loss of 8,400 jobs.

Dennis Meyers, an economist with the state Department of Finance, said the numbers suggest “we’re kind of back on the modest growth trend. Not really exciting, but in the right direction.”

Sacramento area unemployment fell to 11.5 percent, down 0.4 percent from August. But the EDD said payrolls in the four-county region actually shrank by 4,000 jobs. The leisure and hospitality sector lost 3,600 jobs, and construction employment fell by 1,800.

Economists generally say the payroll figures are a more accurate barometer than the unemployment rate.

Tags: Sacramento, Unemployment Rate

Report: Jobs memorial planned at Stanford Sunday

  • Finn Torode
  • October 16, 2011
0

NEW YORK (AP) — Apple is holding a memorial service for Steve Jobs on Sunday at Stanford University.

Invitations have gone out to Silicon Valley luminaries and other people close to Jobs, The Wall Street Journal reported. Apple told the newspaper that the evening event is private.

Calls The Associated Press made to Stanford on Saturday seeking details of the event were not returned.

Apple has said no public services are planned.

Jobs, who co-founded Apple Inc. and was the mastermind behind popular gadgets such as the iPhone and the iPad, died Oct. 5 at age 56 after struggling for years with pancreatic cancer.

A small private funeral was held a week ago, the Journal reported. Apple also is planning an event Wednesday for employees at its headquarters in Cupertino, Calif. Its billed as a celebration of his life.

Meanwhile, California Gov. J

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Tags: Sunday

Cassidy: Maria Elena’s is another Silicon Valley company at a crossroads

  • Finn Torode
  • September 26, 2011
0

Maria Elena’s is another Silicon Valley business at a crossroads.

No, not a Yahoo (YHOO), should-we-sell-the-company, crossroads. Or a Hewlett-Packard (HPQ), should-we-hire-a-new-CEO, crossroads (which seems like a weekly crossroads for HP).

See, Maria Elena’s is a bustling Mexican restaurant in sleepy Alviso — a restaurant that holds a special place in the high-tech ecosystem. It is one of those joints, like the old Wagon Wheel or the old Peppermill or the old Old Pro, where valley worker bees congregate to plot out everything from the next killer app to their weekend plans.

“It’s a serious tech watering hole for lunch,” says Rudy Mueller, a regular who works for Juniper Networks, and whose beverage of choice is the bottomless Coke. “It’s like an icon.”

And now it faces the low-tech version of the “adapt or die” challenge so common to its customers.

All of which has Mueller, and others who work for tech companies lining Highway 237, worried about their longtime lunch spot.

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Tags: Crossroads, Silicon Valley

Can I Keep All of the Money that I Received from Workers Compensation?

  • Finn Torode
  • September 26, 2011
0

September 25, 2011 /24-7PressRelease/ — Can I Keep All of the Money that I Received from Workers Compensation?

In the State of Illinois an injured worker cannot sue his employer or a co-employee for an injury that is covered under the Workers Compensation Act. Monetary recover is provided without consideration of who was at fault for causing the accident and injury. On the other hand the worker must repay a portion of his monetary benefits to the employers insurance company if he recovers a settlement in a personal injury lawsuit filed against an independent third party that caused the accident and injury. The Illinois Worker’s Compensation Act provides that if you are injured in the course of work, and it is the fault of someone else, the employer is entitled to a lien against any settlement or recovery obtained against a responsible third party. Read full post…

Tags: Workers, Workers Compensation

Strict credit norms need to be maintained to eliminate bad credit

  • admin
  • September 05, 2011
0

People interested to avail help from financial institutions are cross checked regarding their previous credit history to minimize the chances of bad credit. The previous payment track records are an indicator regarding the discipline of the customer when it comes to credit repayment. It reflects their smoothness to repay a monetary burden. Credit Managers are interested to enquire regarding the current financial burden and the credit reputation of the customer. The cross checks regarding credit worthiness are an essential check to prevent random funding that may lead to bad credit. The credit rating policies may differ amongst nations. It should be kept in mind that the broad parameters include a check on payment history. The credit ratings fall as the days of delinquent payments increase. Credit Managers want to cross check that customers are not living beyond their means. Pragmatic and realistic decisions are preferred by credit managers to prevent bad credit. Read full post…

Tags: Bad Credit, Credit

Flights resuming at Washington-area airports

  • Finn Torode
  • August 27, 2011
0

Travelers across the nation waited for flights to resume in and out of East Coast airports that were closed by Tropical Storm Irene this weekend.

Irene was downgraded from a hurricane Sunday as winds ebbed around the time that the storm pushed into New York, the nations busiest air-traffic region.

Federal officials said airports reopened around Washington, which took a glancing blow from Irene. American Airlines said it was resuming flights at the three major airports around the capital.

New York-area airports remained closed on Sunday morning. The longer that New Yorks Kennedy, LaGuardia and Newark, N.J., airports are shuttered, the worse it will be as travel delays ripple across the country.

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Tags: Airports, Washingtonarea Airports
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