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McClatchy posts $14.7 million loss in second quarter

SACRAMENTO — McClatchy, one of the nation’s largest media chains, reported a $14.7 million loss for the second quarter of 2016. That loss was significantly less than the $296.5 million…

New logistics facility planned for Lathrop

LATHROP — The city of Lathrop will soon have a new distribution facility to add to the area’s booming logistics industry. Mid Cal Industrial Properties and Cushman and Wakefield closed…

Cash is losing its luster among consumers

Cash is losing its luster among consumers

WASHINGTON — Most Americans believe that the country will become a cashless society in their lifetimes. That is according to a new gallup poll released Monday. Sixty-two percent of Americans…

Brexit vote impact will be felt in California

Brexit vote impact will be felt in California

SACRAMENTO — The California Chamber of Commerce, like everyone else, is trying to piece together the impact of Britain’s decision to leave the European Union. “California has a lot at…

San Joaquin County among best in both job and wage growth

San Joaquin County continued its strong recovery from the economic recession, landing in the 10 percent of counties in wage and job growth in the fourth quarter of 2015. According…

California’s economy now 6th in world

California’s economy is now the sixth largest in the world, according to a new federal report. The state’s economy, led by the finance and insurance industries, grew at the second…

Revised GDP numbers slightly better than early estimates

WASHINGTON — The U.S. economic slowdown to start the year wasn’t quite as bad as first thought. The gross domestic product grew at a revised annual rate of 0.8 percent,…

Consumer sentiment hits highest point of the year

Consumer sentiment hits highest point of the year

WASHINGTON — Steady hiring and higher incomes have helped boost consumer sentiment according to the University of Michigan. The school’s index of consumer sentiment rose to 94.7 in May, it’s…

Steady growth expected for California economy

Steady growth expected for California economy

STOCKTON — The University of the Pacific’s Center for Business and Policy Research predicts steady growth for the California economy, despite a slowdown at the beginning of the year. It…

New overtime rules could impact 12.5 million workers

New overtime rules could impact 12.5 million workers

New overtime rules will likely make an additional 12.5 million employees eligible for overtime protections, according to the Economic Policy Institute. The new rule raises the overtime threshold from $455…