Here's what lies behind the foggy veneer this Friday morning in local Bay Area business.
has been the hardest West Coast port hit since the pandemic forced shutdowns of ports and factories in China, with activity at the port showing no signs of recovery and instead continuing to decline. The Port of Oakland’s 20-foot equivalent unit container volume fell 5.5% in the first half of 2022, according to CBRE.
Supply chain problems and labor disruptions also hurt exports leaving the port given that it was a major exporter of Central Valley agriculture and Napa/Sonoma County wine to Asia before the pandemic. A downtown Oakland housing high-rise would replace offices once proposed for the site, and the project could become the city’s tallest building. The 46-story tower would house 596 residential units, documents on file with Oakland city planners show.
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Murphy warns Port Authority — don’t cut Jersey projects if congestion pricing goes throughGov. Phil Murphy told Port Authority officials Jersey shouldn't be on the hook for cut to projects if the bi-state agency loses revenue because of NYC's congestion pricing plan.
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Monte Paschi life raft has yet to reach safe portFive years after a state bailout, the lender has secured last-minute backing for a new 2.5 bln euro rights issue. Stronger capital and fewer costs will make MPS a more palatable target. But buyers would need hefty profit assumptions to pay anything other than a lowball price.
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Port of Cleveland board approves $3.75 million design contract to make lakefront CHEERS project ‘shovel-ready’A $300 million vision for transforming the city’s lakefront east of Burke Lakefront Airport took a big step Thursday toward the realization of a shovel-ready design that could tee up major construction grants.
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Nogales CBP officers find fentanyl pills hidden in tamalesCustoms and Border Protection officers at the Nogales Port of Entry discovered 2,100 fentanyl pills concealed inside a batch of tamales Wednesday, shared Port Director Michael Humphries.
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