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  • Top business News
  1. James Hanke, assistant general manager at Tinto at The Saguaro hotel in Palm Springs, says the new establishment procures unique ingredients from its suppliers. Omar Ornelas/The Desert Sun

    Iron Chef brings Basque tastes to new valley spot

    PALM SPRINGS — Tinto, the wine bar and restaurant at The Saguaro hotel, opened to the public Monday.

    • Feb. 13, 2012
    • BUSINESS /
    Sarah Ryan (left) and Shelby Knox of Change.org arrive Thursday at the Apple store at Grand Central in New York to deliver petitions asking Apple to change its manufacturing practices and to address criticism of worker conditions in China. AP file photo

    Apple's suppliers scrutinized

    Apple said Monday that an independent group, the Fair Labor Association, has started inspecting working conditions in the Chinese factories where its iPads and iPhones are assembled.

    • Feb. 13, 2012

  3. Prototype statement for mortgages on tap

    WASHINGTON — The Consumer Financial Protection Bureau this week will unveil a prototype for a new monthly mortgage statement for consumers designed to clearly show important information from their servicer.

    • Feb. 13, 2012
    • BUSINESS /

    U.S., EU OK Google's $12.5B plan to buy Motorola Mobility

    SAN FRANCISCO — Google's $12.5 billion acquisition of cell phone maker Motorola Mobility has won approvals from U.S. and European antitrust regulators, moving Google a major step closer to completing the biggest deal in its 13-year history.

    • Feb. 13, 2012
    • BUSINESS /

    Coachella Valley business briefs for Tuesday, Feb. 14

    Business news and notes from across the valley and beyond...

    • Feb. 13, 2012
    • BUSINESS /

    Apple says independent group investigating its Chinese factories

    NEW YORK — Apple said Monday that an independent group, the Fair Labor Association, has started inspecting working conditions in the Chinese factories where its iPads and iPhones are assembled.

    • Feb. 13, 2012

  7. Coachella Valley condos let Federal Housing Administration eligibility lapse

    The majority of condominium communities in the Coachella Valley have allowed their eligibility for Federal Housing Administration financing to expire, according to federal data.

    • Feb. 12, 2012
    • BUSINESS /
    From far right, Brent Hall and his son Jordan Hall run Palm Springs Florist in Palm Springs. The business has been at the same location for more than six decades. Omar Ornelas, The Desert Sun

    All About Business: Palm Springs Florist a blooming success since 1947

    It all started with a train ride back in 1947, when a young World War II vet named E. Earl Hall met a man named Horace Head, a top florist for Florists' Transworld Delivery.

    • Feb. 11, 2012
    • BUSINESS /

    Giving Back: KC's Plumbing on board to fight hunger

    KC's 23 1/2 Hour Plumbing in Palm Springs has made a commitment to sponsor a food drive to benefit Martha's Village & Kitchen all year long.

    • Feb. 11, 2012
    • BUSINESS /

    Oswald Spengler foresaw decline of the West

    When German author/philosopher Oswald Spengler penned his controversial opus “Decline of the West” in the early 1900s, he was ridiculed as a sensation-seeking pessimist, jumping to conclusions unsupported by the facts of Europe's undisputed global supremacy.

    • Feb. 11, 2012
    • BUSINESS /

    Business briefs for Sunday, Feb. 12

    Business news from around the Coachella Valley...

    • Feb. 11, 2012

  12. Jump in hotel taxes collected 'total shock' to Palm Springs hoteliers

    The city of Palm Springs received a welcome surprise in December, collecting 24 percent more in hotel taxes than during the same time in 2010.

    • Feb. 11, 2012

  13. Canada trade signing aims to boost Coachella Valley tourism

    DESERT HOT SPRINGS — A new trade, investment and tourism agreement will be signed today at the first Canada California Business Council Golf Tournament at Desert Dunes Golf Club.

    • Feb. 11, 2012
    • BUSINESS /

    Delay hinders solar project in Los Angeles County

    NEW YORK — First Solar is warning that a construction delay threatens to undo its sale of a large solar project planned for Los Angeles County to power producer Exelon Corp.

    • Feb. 10, 2012

  15. Kim Komando: New concern about hackers

    Question: I have Norton Internet Security on my computer, and heard that it was hacked. Now, I'm getting email from Symantec saying that I need to update my security, and the email provides a link. I know you say never click a link in an email, but what do I do about my security?

    • Feb. 10, 2012

  16. $25B foreclosure deal reached

    WASHINGTON — A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.

    • Feb. 9, 2012

  17. Attorney General: Mortgage deal to help thousands across California

    LOS ANGELES — State Attorney General Kamala Harris announced Thursday that the nationwide settlement with banks over foreclosure abuses could be worth up to $18 billion to Californians who were among those hit hardest by the crisis.

    • Feb. 9, 2012
    • BUSINESS /

    Greece makes a deal on debt

    FRANKFURT, Germany — More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery.

    • Feb. 9, 2012
    • BUSINESS /
    A Kodak Easyshare digital camera, pictured here in January 2012, will be one of the last models produced by the iconic American company, which announced it will get out of the camera business this year. Mark Lennihan/The Associated Press

    Kodak quitting on cameras

    ROCHESTER, N.Y. — Picture it: Save for a few disposable point-and-shoots, Kodak is exiting the camera business.

    • Feb. 9, 2012

  20. Tough times hitting young adults hard

    Most Americans have felt the pinch of a tough economy, but for young adults, these unstable times mean long-lasting, life-altering changes, suggests a Pew Research Center survey out Thursday.

    • Feb. 9, 2012
    • BUSINESS /

    LinkedIn tops analysts' expectations

    SAN FRANCISCO — LinkedIn reported a strong fourth quarter as the online professional-networking service added 14 million members. Its net income and revenue beat Wall Street's expectations.

    • Feb. 9, 2012
    • BUSINESS /

    Coachella Valley business briefs for Friday, Feb. 10

    Business news and notes from across the valley...

    • Feb. 9, 2012
    • BUSINESS /

    Proposals sought for valley's $53M in air quality funds

    The South Coast Air Quality Management District has released the request for proposals for the $53 million the Palm Springs area will receive in mitigation funds for the natural gas-fired Sentinel power plant.

    • Feb. 9, 2012

  24. States, banks reach foreclosure-abuse settlement

    WASHINGTON — U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

    • Feb. 9, 2012
    • BUSINESS /
    The Lorax, voiced by Danny DeVito, is shown in a scene from “Dr. Seuss' The Lorax.” The upcoming movie is going green, and not with green eggs and ham. The studio has lined up an impressive list of eco-friendly launch partners that includes for the first time the Environmental Protection Agency and Whole Foods Market. These partners and others are getting behind the animated movie about a creature who “speaks for the trees” and fights rampant industrialism. Courtesy of Universal Pictures, via The Associated

    'Lorax' uses sponsors that speak for trees

    LOS ANGELES — The Lorax, perhaps the most famous anti-industrial crusader from children's literature, is getting support from companies that are willing to go green.

    • Feb. 8, 2012
    • BUSINESS /
    A woman shops for a Sprint smartphone Tuesday at a Best Buy in Little Rock, Ark. The iPhone helped Sprint gain customers in the latest quarter, but also forced the carrier to post its largest loss in three years because of the high cost of the network upgrade. Danny Johnston/The Associated Press

    Sprint 4Q loss due to iPhone

    NEW YORK — Sprint dug deep into its pockets in the latest quarter to put iPhones in the hands of its customers. The perennially money-losing company on Wednesday posted its largest loss in three years.

    • Feb. 8, 2012
    • BUSINESS /

    Last 'Harry Potter' film spells more earnings for Time Warner

    NEW YORK — Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.

    • Feb. 8, 2012
    • BUSINESS /

    Financially strapped Greece mulls harsh new cuts in bailout talks

    ATHENS, Greece — Greek coalition leaders were locked in crucial debt talks with the prime minister Wednesday to review layoffs and other steep cutbacks as part of a 130 billion euro ($170 billion) bailout package intended to save the country from a looming bankruptcy.

    • Feb. 8, 2012
    • BUSINESS /

    Coachella Valley business briefs for Thursday, Feb. 9

    Rancho Las Palmas Shopping Center in Rancho Mirage will be sold at a public auction at 9 a.m. Feb. 29 on the front steps to the entrance of the former Corona Police Department, 849 W. Sixth St.

    • Feb. 8, 2012
    • BUSINESS /
    Closed-caption typist Erin McClure works on news, sportscasts, late-breaking news and special reports. Omar Ornelas/The Desert Sun

    Working with words

    Palm Desert — In an office in the corner of her Palm Desert home, closed caption typist Erin McClure sits in front of her laptop, headphones on and steno machine to her left and concentrates.

    • Feb. 8, 2012
    • BUSINESS /

    KMIR gets new general manager

    The Journal Broadcast Group has named Craig Marrs as vice president and general manger of KMIR-TV and KPSE-LP in Palm Desert.

    • Feb. 8, 2012
    • BUSINESS /
    City of Blythe Mayor Joseph DeConinck, California Gov. Jerry Brown, Solar Trust of America Chairman and CEO Uwe T. Schmidt, U.S. Secretary of the Interior Ken Salazar, and 80th District Assemblyman V. Manuel Pérez break ground in June 2011 on the Blythe solar power project. The project was put on hold in August and has now been sold to a new owner. Desert Sun file photo

    German firm buys two solar projects east of the Coachella Valley

    Two stalled solar projects east of the Coachella Valley could still repower after being sold to a German company with a track record of financing and completing utility-scale projects.

    • Feb. 8, 2012
    • BUSINESS /
    Blythe Mayor Joseph DeConinck, Gov. Jerry Brown, Solar Trust of America Chairman and CEO Uwe T. Schmidt, U.S. Secretary of the Interior Ken Salazar and Assemblyman V. Manuel Perez break ground on the Blythe solar project June 17. Solar Millennium, which has filed for bankruptcy, has sold the project to a company with a track record of completing utility-scale projects. Crystal Chatham, Desert Sun file photo

    Solar projects sold

    Two stalled solar projects east of the Palm Springs area could be in line for a future repowering after Solar Millennium sold them to solarhybrid, a German company with a track record of financing and completing utility-scale projects.

    • Feb. 7, 2012
  34. Delta Fire Protection workers Herb Chin-Hing of Desert Hot Springs (right), Manuel Ayala (middle) and Robert Robertson of Sky Valley work inside the new Red Lobster building at the corner of Highway 111 and Fred Waring Drive on Monday in Palm Desert. About 100 construction workers are on the job. Crystal Chatham/The Desert Sun

    Region adds jobs in sign of tenuous economic recovery

    The Inland Empire region of Southern California will end this year with about 19,000 more jobs than it started with, a blip in a region of 1.1 million workers but a huge symbolic gain after five years of plummeting employment.

    • Feb. 7, 2012
    • BUSINESS /

    Solar groups sue Riverside County over 'sun tax'

    Two solar and energy industry trade groups are suing Riverside County in an effort to roll back the county's annual fee of $450 per acre on large-scale solar projects.

    • Feb. 7, 2012
  36. This image provided by Skechers USA shows Mr. Quiggly wearing Skechers sneakers in an ad that aired during Super Bowl XLVI on Sunday. Courtesy of Skechers USA.

    Dogs steal the show - for now - in this year's Super Bowl ads

    The Super Bowl is over, but there's still plenty of time on the clock for folks who want to help pick the Big Game's winning TV commercial.

    • Feb. 6, 2012
    • BUSINESS /

    Coachella Valley Women's Business Center workshop focuses on digital

    The Coachella Valley Women's Business Center will present the new workshop series “The Digital Marketing Checklist” from 5:30 to 8:30 p.m. Feb. 23 and March 1 at its office at 77-806 Flora Road, Palm Desert.

    • Feb. 6, 2012
    • BUSINESS /

    Economists: Inland Empire will see 19,000 net jobs this year

    The inland region will generate about 19,000 net jobs this year following a lackluster 2011 in which only 2,400 jobs were added, economists predicted Monday.

    • Feb. 6, 2012
    • BUSINESS /

    Solar groups sue Riverside County over solar fee

    Two solar and energy industry trade groups are suing Riverside County in an effort to roll back the the county’s annual fee of $450 per acre on large-scale solar projects.

    • Feb. 6, 2012

  40. California and New York considering foreclosure-abuse deal

    California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households.

    • Feb. 6, 2012
    • BUSINESS /
    One of Coca-Cola's Super Bowl ads called "Superstition" features animated polar bears. Handout via Coca-Cola

    Super Bowl ads play it safe, fail to impress

    NEW YORK — The pressure was on. The tension was thick. And then, there were yawns in between.

    • Feb. 6, 2012
  42. Conference attendees look at a prototype of the Tesla Model S displayed on Wednesday during the Clean-Tech Investor Summit in Indian Wells. Crystal Chatham, The Desert Sun

    All About Business: Car's the star of green summit

    While there were big names aplenty at this week's Clean-Tech Investor Summit in Indian Wells — from Pulitzer Prize-winning author Daniel Yergin to Michael W. Allman, CEO of Southern California Gas Co. — the real star of the show was a car, the Tesla Model S.

    • Feb. 5, 2012
  43. Kevin Stern of Desert Star Real Estate has his own small firm. “Some people need the structure of a large corporation, an office to go to every day, social atmosphere, whereas I work from my home,” he said. Omar Ornelas, The Desert Sun

    Changing times in real estate

    Whether part of large companies or operating solo, Palm Springs area real estate agents say determining the right, most effective fit and comfort level has never been more important given the valley's current ultra-competitive housing market.

    • Feb. 4, 2012
    • BUSINESS /
    Marines from Twentynine Palms Marine Corps Air Ground Combat Center have come to the aid of Pegasus Riding Academy for the Handicapped on Saturdays for the past two years. A recent group of volunteers included Pegasus Operations Director Chase Berke (back row, left), Cpl. Jacob Myers, Sgt. Jamal McDowell, Lance Cpl. Joshua Dungus, Pegasus Volunteer Director Karen Renberg and Cpl. Matthew Kostiew, as well as Cpl. Rodney Steel (front row, left), Lance Cpl. Eric Enderby, Sgt. Ken Sheridan, Lance Cpl. Ryan Jansen and Lance Cpl. Scott Ross with handicapped rider. Courtesy photo

    Marines lend a hand at riding academy

    Late last year, a commanding officer at Twentynine Palms Marine Base prompted Marines awaiting deployment and new orders to spend their free time by giving back to the community. He suggested Pegasus Riding Academy for the Handicapped.

    • Feb. 4, 2012

  45. Talking Taxes: Tax forms change again

    In recent years, tax forms have become like new cars. Every year, although in substance the forms are the same, they have new features and slightly different appearances.

    • Feb. 4, 2012
    • BUSINESS /

    Apps beginning to lose their appeal

    Our love for apps, it turns out, is fleeting.

    • Feb. 4, 2012
    • BUSINESS /

    Palm Springs area business briefs for Sunday, Feb. 5

    Brief news items about business in Palm Springs and the rest of the Coachella Valley.

    • Feb. 4, 2012

  48. Palm Springs area convention calendar for Sunday, Feb. 5

    A look at upcoming meetings, conferences and conventions in Palm Springs and the rest of the Coachella Valley.

    • Feb. 4, 2012

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