In rapid response to criticism, a large private equity firm says it's selling its holdings in the company that makes the rifle used in Friday's Sandy Hook School shooting.Cerberus Capital Management Group says it will sell its stake in Freedom Group, a conglomerate of gun companies that includes brands such as Remington and Bushmaster.
When the state legislature returns from holiday break next month, it will mark the start of a new era shaped by voter approved reforms and dozens of brand new members. The California Report's Scott Shafer spoke with some members of the freshmen class.
When it comes to bang for the buck, high tech is a great way to jump start your local economy, according to a recent report from a UC Berkeley economist. That could be good news for Los Angeles, where Google is recruiting with the phrase, "Who needs Silicon Valley when you can have Silicon Beach?" The company opened an office in Venice Beach last year, leading a wave of tech and media companies setting up shop there.
There's been a lot of hand-wringing about how companies mine the personal information of social media users to deliver targeted advertising. That strategy is now increasingly being used by political campaigns.