California

California Housing Crisis Deepens as Population Grows in Most Cities

Some statistical reports on Monday showed that California's housing crisis is deepening with its sudden growth in population. Last year, the population of California grew to 39.1 million and that's when it hit the housing. The increase of 348,000 people was about one percent.

Last year, there was a drop in the new housing units in California. That happened for the first time after the economic recovery started. The reason behind it was mainly wildfires which burnt two thousand or more homes.

EBay’s First Quarter Earnings Report Beat Analysts’ Expectations; Company Raised its Full Year Revenue Forecast

On Tuesday, EBay Inc reported its quarterly earnings which surpassed the analysts' estimates. The company also raised its revenue forecast for the full-year. Its refurbish shopping platform has been successful in attracted more buyers which justified the growth concerns after it spun off PayPal Holdings Inc.

Southern California Gas Co gives Displaced Porter Ranch Residents an Option to move to Apartments

A gas leak at an underground storage facility at Porter Ranch made thousands of families to shift, a few months ago. Although, the leak was capped couple weeks back but still around four thousand families have not moved back yet to their homes.

The Southern California Gas Co. has been paying for hotels where those displaced people were living and the company has given them an option to shift to apartments. Those, so called high-quality apartments will have the basic amenities like kitchens, parking and Internet connections.

Autodesk to Add Three New Members to Its Board

Many activists battle with tech companies have made big news in recent times but a potential fight that was brewing at Autodesk ended gently for a change.

California Department of Insurance will Investigate Zenefits over Licensing Practices

The California Department of Insurance announced on Thursday that it will start an investigation on the licensing practices of the cloud based HR software company Zenefits.

Just three days back, the company's CEO Parker Conrad resigned suddenly and it's COO, David Sacks too over the helm. The departure of Conrad was announced on Monday to the employees through an email by the company's new CEO Sacks. The cloud based startup is estimated to be worth $4.5 billion.

Sears Holdings to Shutter More Stores Prompted by Weaker Q4 Results

Sears Holdings to Shutter More Stores Prompted by Weaker Q4 ResultsSears Holdings, the Illinois based company is planning to shutter several Sears outlets all over the nation prompted by weak fourth quarter results.

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