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The Sun’s home for business news in the Central Valley.
A tax snafu led to Bitwise Industries’ unraveling. It could lead to Federal criminal charges.
Bitwise Industries' chase for high-interest, short-term loans began by breaching a contract over tax credits, new emails show.
Dyer chides Bitwise for lack of furlough notice, failure to pay taxes
Fresno's Mayor is applying public pressure on the troubled tech firm to comply with state and Federal laws regarding its work stoppage and pay its taxes.
Judge axes criminal charges against PG&E in 2020 wildfire
PG&E still faces steep financial obligations tied to its role in the 2020 Zogg Fire despite avoiding criminal liability.
Investor sues Bitwise alleging unauthorized sale of properties, loans
A Texas investment firm financed nearly all of the cost of five buildings owned by Bitwise. Then Bitwise officials used the properties to secure loans and list them for sale, a lawsuit reads.
State Farm ends homeowner’s insurance policies in California
The insurance giant joins a host of other insurance companies pulling up stakes from offering policies to California homeowners.
Where is Bitwise Industries making its money? Internal docs shed light on business.
The booming (and now busting) Fresno tech start-up has often struggled to articulate exactly how it makes money. New documents acquired by The Sun shed light.
Bitwise Industries furloughs workforce. Questions arise over missing 401k money.
The tech incubator and co-working firm denied financial difficulties last week. Now, it's putting its employees on ice.
Is Bitwise’s boom over? Tax issues, money moves prompt questions.
Missed tax payments, legal disputes over rent of new buildings, the sale of others, and solicitations for sky-high interest rate loans are painting a worrisome picture.
ValleyPBS to repay $300k in grants, closes “difficult chapter” of tumult
The financial hit comes as a result of a sweeping audit of the TV's operations from its regulator, the Corporation for Public Broadcasting.
UPS, Teamsters negotiate with summer strike worries looming large
The union's tough negotiating stance has heightened worries about a strike, potentially knocking the nation's supply chain off-course again.
