(Bloomberg) — California Resources Corp. filed for bankruptcy, kicking off what could turn into the next wave of collapses among oil drillers and the businesses that depend on them.The company joins more than 200 oil explorers that have filed for court protection since 2015, and more may be coming in a matter of weeks. Denbury […]

Sometime in 2018, a Chicago-area union honcho named Joseph Senese started showing up at cannabis industry mixers in California.Senese represented himself as a leader of the National Production Workers Union, an Illinois-based outfit. As he put it to curious cannabis business owners and consultants, the union was getting into weed with a new California-based local […]

(Bloomberg) — California Governor Gavin Newsom wants Warren Buffett’s Berkshire Hathaway to make a takeover bid for bankrupt utility giant PG&E Corp.If Berkshire is interested in buying the San Francisco-based power and natural gas company, now is the time to make an offer, Newsom said Saturday.“We would love to see that interest materialize, and in […]

'If the EPA disapproves … that triggers statutory clocks for highway funding sanctions. … We request a response from (California) by Oct. 10'

PG&E equipment has already been blamed as the ignition source of 16 other fires in 2017. The newest report came from the California Department of Forestry and Fire Protection in a statement on Tuesday. The Cascade fire destroyed 264 structures and killed four people.

Californians won’t be voting after all this November on whether the Golden State should be carved up into three separate states. The state Supreme Court on Wednesday rejected a move that would have put the controversial initiative on the ballot for the mid-term elections. The measure, known as Proposition 9, had earned enough signatures to […]

FBN’s Lou Dobbs on California’s sanctuary policies and the Trump administration’s lawsuit against the state.