Oracle – California Globe

Bloomin’ Bankruptcy: San Diego Outback Franchisee Files Chapter 11, Blames California Labor Costs

November 5, 2026 11:51 amNovember 5, 2026 11:51 am

A major California-based Outback Steakhouse franchise operator has filed for Chapter 11 bankruptcy protection, pointing to the California’s soaring labor costs, rising food prices, and declining customer traffic as key factors that pushed its restaurant empire to the brink. San...

Gov. Newsom Spending $19 Million to Polish His and California’s Image

October 28, 2026 9:33 amOctober 29, 2026 2:18 pm

California Governor Gavin Newsom was heavily criticized in March for authorizing a $19 million taxpayer-funded advertising campaign designed to burnish his own image and improve California’s public image as he touts California’s largess on the presidential campaign trail. “Newsom planning...

Paramount Receives Go-Ahead to Buy Warner Bros Discovery

September 21, 2026 1:05 pmSeptember 22, 2026 5:48 am

Five days ago officials in the Los Angeles mayor’s office and California Attorney General Rob Bonta’s office were told Paramount Skydance planned to announce it is leaving California, beginning October 1st. Last month, David Ellison told executives he would commence...

Paramount to Leave California According to L.A. Mayor Office

September 16, 2026 1:26 pmSeptember 18, 2026 6:42 am

TMZ reports today that officials in the Los Angeles mayor’s office and California Attorney General Rob Bonta’s office were told Paramount Skydance planned to announce it is leaving California, beginning October 1st. Last month, David Ellison told executives he would...

Leaving California: $7 Billion CG Oncology Leaves California for Texas

August 27, 2026 7:33 amAugust 27, 2026 7:59 am

CG Oncology, a $7 billion company, moved its corporate headquarters from Irvine, California, to Dallas earlier in 2026, the Dallas Morning News reports. CG Oncology is a late-stage clinical biopharmaceutical company focused on developing and commercializing a potential backbone bladder-sparing...

Leaving California: Tennessee is Romancing Paramount

July 15, 2026 10:28 amJuly 15, 2026 10:55 am

Tennessee is courting David Ellison’s Paramount, The Hollywood Reporter reported Tuesday. Amid California’s effort to block Paramount’s $111 billion acquisition of Warner Bros., the state of Tennessee has invited the David Ellison-owned studio to relocate there. Tuesday, radio talk show...

California’s Billionaire Tax Will Accelerate Its Own Demise

June 8, 2026 12:30 pmJune 8, 2026 12:31 pm

The proposed 2026 Billionaire Tax Act, officially Initiative No. 25-0024, would impose a one-time 5% excise tax on the net worth of anyone with assets over $1 billion who resided in California as of January 1, 2026. Organizers have collected...