Archive for July 2022
Bulk of genetic testing pioneer’s 1,000 layoffs will be in San Francisco
The 12-year-old company that has acquired several other companies over the past couple of years to expand its range of services for genetic information management, will cut almost 50 jobs in Southern California as well.
Sacramento County supervisors to consider anti-camping ordinance in response to homeless crisis
Sacramento County Supervisor Patrick Kennedy won’t support a plan to deal with homelessness proposed by local business leaders, and will instead push for an ordinance that would ban sleeping outside in certain areas.
The Funded: Pet care business Wag got a major haircut on its way to Wall Street
Wag’s merger partner had to refund to shareholders 97% of the $125 million it was going to contribute to the San Francisco startup.
Friday Digest: Proposed S.F. high-rise gets a raise; South Bay sees bevy of CRE deals
Meanwhile, oil giant Chevron reported swelling profits on Friday and watched its stock take off.
5 things to know: More bad news for local ice cream fans
Here’s what you need to know today.
Tablet Covid vaccine hopeful settles suit claiming it overhyped its prospects for success
The bulk of the settlement, which does not include the company’s largest investor at the time, will be paid out by the company’s insurers.
Folsom retail grows as city continues to evolve
As Folsom continues to grow with the addition of new homes, so too do its retail offerings.
Dingus McGee’s near Auburn to be redeveloped into housing
Buildings on the site date to the 1970s.
Himphill Electric CFO went from living on the streets to building a business
Like many companies these days, Folsom-based Himphill Electric is looking for workers. Chief Financial Officer Nick Himphill said he’s found good people by considering an unlikely source: recovering addicts.
Viewpoint: Strong dollar opens door for businesses to hoard foreign goods and services
As U.S. companies fight to retain profit margins during a time of high inflation, the Federal Reserve’s action is opening another door that could specifically benefit small businesses in the short run.