Clovis News

Business briefs: Visalia dealership has car charging stations

Nissan of Visalia has installed a public charging station in preparation for delivery of the new Nissan LEAF electric vehicles.

About 20,000 LEAFs have been reserved in the U.S. and are expected to become available this month.

Nissan of Visalia, a member of the Groppetti Automotive Family, recently installed four charging stations -- two for the dealer's operations and two for customers to charge their vehicles.

The charging service is initially free to the public because the dealership is not authorized to resell electricity.

United Security to give shareholders stock

Fresno-based United Security Bank will issue its shareholders a 1% stock dividend for the fourth quarter of 2010.

This is the 10th consecutive quarter that the bank has issued stock instead of cash as a dividend. The dividend will be paid on Jan. 19 to shareholders who own stock as of Friday and will provide one share of stock for each 100 shares owned.

Bank officials said offering a stock dividend is intended to preserve the bank's capital because of continuing uncertainty in the residential real-estate market.

Clovis CPA pleads no contest to charge

A Clovis CPA has plead no contest to a misdemeanor charge of violating the state's unemployment insurance laws, according to the California Board of Accountancy.

Richard M. Large was accused of making false statements to the Employment Development Department to lower his workers' compensation rates, said Lauren Hersh, spokeswoman for the board.

As punishment, Large's license has been suspended for two years and he was ordered to pay $480,000 in restitution to the EDD.

Large, who has paid the restitution, must also pass a Board of Accountancy-approved ethics exam with a score of 90% or higher and notify his clients of the state's action against him.

Motorola splits

Motorola, the 82-year-old consumer electronics pioneer responsible for early televisions, cell phones and even the first broadcast from the moon, split into two companies Tuesday in a reflection of changing markets.

As separate companies -- Mobility, targeting consumers, and Solutions, for professionals -- the two will have simpler stories to tell investors and a nimbler approach to developing cutting-edge products such as tablet computers.

Demand for factory goods up in November

Businesses ordered more factory goods in November, responding to stronger consumer demand for household appliances, computers and furniture.

The Commerce Department says that total orders increased 0.7% in November. That follows a 0.7% drop in October.

Also ...

Consumer prices in the 16 countries that used the euro at the end of 2010 rose by their largest amount for over two years during December, and inflation is now running above the European Central Bank's target, official figures showed Tuesday.

President Barack Obama on Tuesday signed a $1.4 billion overhaul of the nation's food safety system as some lawmakers complained that it's too expensive and threatened its funding.

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