| Valley retail icon Gottschalks teeters on edge (The Sacramento Bee) |
| Shoppers enter and leave Gottschalks in north Fresno on Thursday afternoon, Feb. 8, 2007. The midpriced department store chain based in Fresno faces the possibility that it might go out of business. FRESNO – Even in the worst of times, when the economy provided little hope, the Central Valley at least had Gottschalks. Now that's in danger, too. Gottschalks Inc., the midpriced ... |
| 01/06/2009 |
| Where is the Sacramento-area housing market going? (The Sacramento Bee) |
| There are big years when the bottom drops out, the unimaginable occurs and minds reel from it all. That was 2008. So farewell to a year that jointly shredded our home values and our 401(k) accounts. So long to its economic free fall that pushed 19,000 area homes into foreclosure from January through October. Home builders went bankrupt, calling 2008 the worst year in half a ... |
| 12/21/2008 |
| Home Front: Impact fees may be the next battlefield for area builders (The Sacramento Bee) |
| When the housing market soared in Sacramento a few years ago, many cities, counties and school districts hiked fees for a new house, with some soaring into the $80,000s and $90,000s. Builders complained, but moved on. Times were so flush they just paid some and passed the rest to buyers. What did $90,000 matter if a house sold for $470,000 or more to a buyer using exotic financing? It's ... |
| 12/19/2008 |
| Auto slump hits hard in car-mecca California (The Sacramento Bee) |
| John Hancock, president of Kargo Master Inc., last week walks through the company's Rancho Cordova plant, where cargo racks for vans and trucks are made. Kargo Master's payroll has been cut in half. The Saturn dealership, closed two weeks ago, is still jammed with cars; signs at the curb promote a red-tag sale. The Ford dealership, closed since June, sits empty, stripped clean. These ... |
| 12/16/2008 |
| November job losses could set off new wave of foreclosures (The Sacramento Bee) |
| Evidence that the recession is feeding on itself grew Friday as the U.S. Labor Department reported the worst monthly job losses in a generation, and economists warned of a resulting wave of foreclosures from homeowners now out of work. The government said November unemployment reached its highest level in 15 years as 533,000 people lost jobs in a deepening recession. The biggest number of ... |
| 12/16/2008 |
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