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News Story
5/20/2013
Posted by Mark Reback
Tesoro won U.S. and state clearance to buy BP's Carson refinery, Arco stations and other assets for $2.4 billion. Consumer advocates object.
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's...
News Release
5/17/2013
Posted by Liza Tucker
SANTA MONICA, CA –A green light that Tesoro’s purchase of BP’s big refinery in Carson complies with anti-trust laws means over time gas prices will go up in the state, Consumer Watchdog said today. The approval by the Federal Trade Commission and California Attorney General of Tesoro’s acquisition of BP’s Carson...
News Story
5/17/2013
Posted by Mark Reback
WASHINGTON/HOUSTON (Reuters) - Refiner Tesoro Corp. (TSO.N: Quote, Profile, Research, Stock Buzz) has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's (BP.L: Quote, Profile, Research, Stock Buzz) refinery and other assets in southern California for more than $2 billion.
Tesoro will not...
News Release
4/4/2013
Posted by Carmen Balber
Santa Monica, CA – The former CEO of Wellpoint, Angela Braly, was paid $20 million after resigning under pressure last year, news that broke the day after the insurer’s California subsidiary, Anthem Blue Cross, was taken to task for raising rates unreasonably for thousands of California small businesses.
The development...
News Story
3/4/2013
Posted by Mark Reback
Are you ready for $6-per-gallon gasoline? Then $7 a little later?
Premium grades of gasoline already go for more than $5 per gallon in some parts of California; regular has been above $4.50 for a month at hundreds of service stations.
There is no promise these near-record price levels will drop anytime soon, especially with summer approaching and...
News Story
1/30/2013
Posted by Mark Reback
Gov. Jerry Brown's administration acts after learning that hundreds of employees were being paid for second state jobs in addition to their normal salaries.
SACRAMENTO, CA - Gov. Jerry Brown's administration has restricted state departments' hiring authority following revelations that hundreds of public employees were receiving pay for...
News Story
10/6/2012
Posted by Mark Reback
Pump prices soar in California after refinery outages and other problems. Some stations charge more than $5 a gallon, others shut down. Some analysts hope the spike will be short-lived.
California drivers are reeling from days of sharp gasoline price increases that left the state within reach of its record high. Economists warn that a prolonged...
News Story
10/6/2012
Posted by Mark Reback
This week's abrupt spike in California gasoline prices could peak within days, analysts said Friday. But before it does, price records could be broken throughout the state.
California's average for a gallon of regular jumped 17 cents overnight to hit $4.49 Friday morning, according to the AAA auto club's daily price survey. That...
News Story
10/4/2012
Posted by Mark Reback
The health insurance industry presented itself as a key ally of President Barack Obama’s health care law while at the same time making hefty contributions to members of Congress who are trying to get rid of it, according to contribution records.
Between January of 2007 and August of 2012, the political action committees of the 11 largest...
News Release
9/5/2012
Posted by Jamie Court
Santa Monica, CA --The nonprofit Greenlining Institute acknowledged in a San Francisco Bay Guardian story published today that it received a $25,000 donation from Mercury insurance company, and expects more for its work in support of Mercury-backed Proposition 33. Prop 33 is funded by Mercury insurance's billionaire chairman George Joseph and...
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