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September 2012 Archives

California genome sequencing company set for business merger

The recent announcement of a merger agreement between a California-based company providing human genome sequencing technology and an overseas pharmaceutical company led to a 14.23 percent jump in shares of Complete Genomics Inc. stock. The business merger agreement calls for the California-based company to be acquired by a U.S. branch of the other company. While the deal had not been completely solidified at last report, it did seem to be a pretty sure thing.

Contract dispute between HP and Oracle to proceed to jury soon

A contract dispute between Hewlett-Packard and Oracle that began when Oracle decided to stop developing future software for HP's Itanium product is gearing up to enter the jury trial phase early next year. That is when the contract dispute will be heard in front of a California jury that will determine whether or not a breach of contract actually took place. If they determine that Oracle did breach its contract with HP, the jury will also decide how much in damages will be owed.

California, West Coast commercial real estate market improving

Information from the latest CoStar Commercial Repeat Sale Indices (CCRSI) report indicates that the West Coast appears to be edging toward a commercial real estate recovery. The West has been considered by some to have been especially battered by the tough economy. Technology and energy-based commercial real estate markets in California, Texas and several other states have helped shore up the nation's overall office rental market over the past two years. Now, that recovery seems to be expanding.

Selling a business can be a tough choice for California CEOs

The struggling American economy has hit many businesses across the nation hard. Often, California CEOs wrestle with the difficult choice of selling a business or letting a company that they worked hard to build run itself into the ground. Other business owners decide to restructure their companies, which can include selling off parts of the business rather than the entire kit and caboodle. Photo juggernaut Eastman Kodak Inc. recently made the surprising announcement that it is selling off its still-photography business.

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