The fortunes and fates of a number of Pasadena technology companies hung in the balance this weekend as a high-stakes drama played out in Washington over how the federal government would respond to the Friday collapse of a bank used by about 50% of the technol... More »
After challenges and uncertainty buffeted the U.S. banking industry over the past four days, Pasadena-headquartered East West Bank Chairman and Chief Executive Officer Dominic Ng issued a clear message for his customers: “Your money is safe with us.” In a sta... More »
S&P Global Ratings has affirmed its ‘AAA’ rating on Pasadena’s general obligation bonds and pension obligation bonds. The rating agency also affirmed its ‘AA+’ long-term and underlying rating on Pasadena’s certificates of participation and lease revenue bonds ... More »
Natural gas prices, which fuels stoves, hit a historic high in recent weeks, hitting some industries hard including restaurants, which were already staggering from the double whammy of the pandemic and high inflation. Gale Kohl, owner at Gale’s Restaurant, lo... More »
The Pasadena Chamber of Commerce is facing a budget gap of more than $50,000 and is asking its members for their opinions on a possible dues increase. In an email, Chamber CEO and President Paul Little said the Pasadena Chamber has seen a dramatic drop in reve... More »
Pasadena-based Virtualitics Inc., an artificial intelligence and data exploration company, has been named to Fast Company’s list of the World’s Most Innovative Companies for 2023. The company was recognized for its world-class AI solution and for turning data... More »
Two seasoned professionals in journalism and marketing have teamed up to launch LAG Strategy, a new public relations firm that promises to help clients navigate the complex and fast-changing media environment. Stuart Pfeifer, a Pulitzer Prize-winning journalis... More »
The historic Pasadena Star-News building in downtown Pasadena has leased more than 75% of its space to retail and restaurant tenants, according to its owner Greenbridge Investment Partners. The Los Angeles-based commercial real estate investment firm said last... More »
A roundup of the latest news and updates from businesses in Pasadena, from small startups to well-established global enterprises, making an impact in the local economy. If your company would like to be highlighted, please contact us at editor@pasadenanow.com. ... More »
Southern California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the sales pace of a year ago, the California Association of Realtors reported Thursday. Closed escrow sal... More »
Pasadena-headquartered Wetzel’s Pretzels enjoyed a banner year in 2022, reporting a staggering 3-year growth of 35% and a 50% increase in store openings projected for 2023. The iconic brand drove 11.3% same-store-sales growth, building on the 24% increase from... More »
Pasadena-based up-and-comer solar energy company, Heliogen, announced the appointment of Christie Obiaya as its new CEO and member of its board of directors, following the removal and resignation of former CEO, Bill Gross. The reason for Gross’s removal was no... More »
