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June 2019 Archives

Two defense companies move forward with merger

Two defense technology companies with customers in California and across the country are working to complete a merger after they received regulatory approval for the acquisition. Harris Corporation set a closing date of June 29 for its all-stock merger with L3 Technologies. After the merger is completed, the new company will take the name L3Harris Technologies, Inc. Shares of the company's stock will trade on the New York Stock Exchange under a new symbol, replacing both companies' earlier presence for investors. People who own L3 stock will receive 1.3 shares in the new company for each share they currently own.

Google to spend $2.6 billion for Looker

California-based Google intends to purchase Looker for $2.6 billion. Looker has 1,600 customers and offers services pertaining to the multi-cloud. Google has said that it will continue to be friendly toward open source projects that run on the cloud. It said that it wanted to purchase Looker because it had quality data governance protocols in place in addition to running on modern cloud databases.

New aerospace giant created after merger

A couple of the largest aerospace companies in the world, which have locations in California and other states, have decided to merge into one giant company that's expected to generate more than $74 billion in sales per year. After the merger, the shareholders in the smaller of the two companies will own 43% of the new company's stock while the shareholders in the larger company will own 57%. The headquarters of the new company will be located in the Boston Metro area.

Automakers still considering future merger

California residents may have heard about the potential merger between Fiat Chrysler and Renault. If the two companies were to come together, it would create the third-largest automaker in the world. However, talks were put on hold after the French government asked for more time to talk with Renault ally Nissan. This caused Fiat Chrysler to pull out of talks, and they blamed politics for making such a decision.

Creating a successful startup company in California

Even when a great idea is at the heart of a business concept, success isn't likely to come overnight in California. Plus, there is no guarantee any business will succeed. That being said, there are some steps that startup owners may be able to take to increase their odds of seeing a pleasing return on investment.

Pitfalls of financing new businesses with personal credit cards

Building a good credit rating for a new business often challenges entrepreneurs in California. Lenders are reluctant to finance new businesses, and an entrepreneur might feel the need to tap into personal credit to launch a venture or keep it going in the early years. Although using personal credit might lead to success, it enhances the risk for entrepreneurs because their personal bank accounts and property could become vulnerable to business debts.

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