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The Sun’s home for business news in the Central Valley.
PG&E asks state for rate increase to boost profit for investors
California regulators already approved six rate increases for PG&E last year.
Former Bitwise CEOs Soberal, Olguin report to Federal prison
Jake Soberal and Irma Olguin Jr. will each serve roughly a decade in prison after defrauding investors of $115 million.
State Farm fires exec who bragged about dumping Calif. homeowner’s policies, manipulating rate hikes
An undercover sting revealed a rare look at what State Farm executives think about raising California insurance rates and dumping homeowner's policies in the wake of January's wildfires in Los Angeles.
California’s cannabis tax revenue drops to lowest point in years
The low total to end last year may not be as bad as it looks, since cannabis businesses in Los Angeles County have an extended deadline to file their taxes due to the wildfires.
Connecticut man pleads guilty to defrauding Bitwise investors
Andrew Adler defrauded investors by lying about the interest rates that Bitwise agreed to on their loans.
Calif. halts controversial clean air rues, gas price hike over legal issues
A hastily-approved regulation designed to increase gas prices in the Golden State didn't pass legal muster, California's air board announced on Tuesday.
Once again, Fresno’s weed sales tax revenues fall short of expectations
Cannabis has repeatedly underperformed expectations in Fresno since the first retail dispensaries opened three years ago.
Tejon Ranch announces new CEO
New CEO Matt Williams takes over the company ahead of planned residential developments in Kern and Los Angeles Counties.
Police: Object found at central Fresno Walmart not a pipe bomb
A shopper found the pipe bomb outside the central Fresno store and alerted police early Monday morning.
Grove invites Trump to Kern County to talk domestic energy production
President Donald Trump wants the nation to boost its domestic oil production, a sector that plays a major role in Kern County.
