Business news from San Luis Obispo, CA

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Cal Poly students' startup Grappple is purchased by Los Altos company

Grappple Inc., a hatchling of Cal Poly’s SLO Hothouse startup incubator, has been purchased by Los Altos-based tech company Whodini Inc. for an undisclosed sum.

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Archive by category ''Business

LOCAL BUSINESS

Owners of SLO's Trust Automation honored by Small Business Administration

Owners of Trust Automation, a San Luis Obispo specialty manufacturing company, have both been named the 2013 Central California Small Business Person of the Year by the U.S. Small Business Administration.

TECHNOLOGY

Review: Google music plan solid, serendipitous

Google Inc.'s new music service offers a lot of eye candy to go with the tunes. The song selection of around 18 million tracks is comparable to popular services such as Spotify and Rhapsody, and a myriad of playlists curated along different genres provides a big playground for music lovers.

3 hours ago
TECHNOLOGY

Lenovo says quarterly profit up 90 percent

Computer maker Lenovo Group says its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.

35 minutes ago
NATIONAL BUSINESS

Survey shows China manufacturing contracting

A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
NATIONAL BUSINESS

Ford to end auto production in Australia in 2016

Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.

3 hours ago
NATIONAL BUSINESS

On top of big salaries, companies pile on perks

Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.
PERSONAL FINANCE

Millennials say debt stalls retirement savings

More than half of millennials - 54 percent-surveyed by a Wells Fargo & Co. retirement unit said their "biggest financial concern currently" was longer-term debt, mainly student and credit card debt.
TECHNOLOGY

HP's 2Q offers hope even as revenue slump deepens

Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain.
NATIONAL BUSINESS

GM recalling Cadillac SUVs to tighten wheels

General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
NATIONAL BUSINESS

Tesla uses stock, note sale to repay government

Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.