
5 things: Big Day of Giving for nonprofits is underway
Here's what else you need to know today.
Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox.
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
Big Day of Giving is underway
Today is the Big Day of Giving, an annual fundraising push that has raised more than $104 million for nonprofit organizations in the Sacramento area since 2013.
Organized by the Sacramento Region Community Foundation, the Big Day of Giving includes hundreds of nonprofits serving El Dorado, Placer, Sacramento, and Yolo counties. Donation information is available online. You can make donations until 11:59 p.m. tonight.
As of 8 a.m., today's effort had raised $4.4 million.
Sacramento Zoo cancels Elk Grove move
A planned new zoo in Elk Grove will not be moving forward, the Sacramento Zoological Society announced Wednesday.
Citing rising costs and concerns a new zoo would house far fewer species than the existing zoo in Sacramento's Land Park, the decision was made not to proceed, the society announced in a statement on its website.
Though the Sacramento Zoo is accredited through 2029, the planned move to Elk Grove was sparked by concerns that the aging, landlocked facility in Land Park would eventually fail to meet modern standards for zoos.
Senior Reporter Ben van der Meer has details about the decision not to move the Sacramento Zoo to Elk Grove.
Habit Burger plans 2 new Sacramento County sites
Habit Burger & Grill, known for its charbroiled hamburgers, has submitted plans for two new locations in Sacramento County.
The Irvine-based restaurant chain, which has more than a dozen locations throughout the greater Sacramento market, is seeking major design reviews for projects at 8861 Greenback Lane in Orangevale and 6150 Florin Road in the Florin area of Sacramento County.
Reporter Jake Abbott explains what Habit Burger is planning in Sacramento County.
Rancho Cordova industrial property sold
A fully leased industrial property of three buildings in Rancho Cordova has sold in an off-market deal,
Before the property at 2643-2647 Mercantile Drive officially came on the market, broker Peter Winterling said he had three to four good offers to buy.
"The number of offers shows how strong the Sacramento industrial market still is," said Winterling, a senior vice president and shareholder with Kidder Mathews. "It's almost as straightforward a purchase as you can find."
Senior Reporter Ben van der Meer has details about the industrial property sold in Rancho Cordova.
Amazon's vendor change spurs nearly 300 layoffs
Nearly 300 jobs at Amazon locations in the Central Valley are being eliminated as the online shopping giant is switching maintenance vendors.
The layoffs are effective June 14 for employees of Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) subsidiary Jones Lang LaSalle Americas Inc.
The job cuts are a total of 298 people. They include 77 people at SMF1, an Amazon fulfillment center in Metro Air Park, at 4900 West Elkhorn Blvd. in Sacramento.
Reporter Mark Anderson explains what you need to know about Central Valley layoffs resulting from Amazon's vendor change.
Have a great day, folks. Thanks for reading.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
23 minutes ago
- Business Wire
Compass Precision Purchases Pocasset Machine
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Kent Family has come full circle with their ownership of Pocasset Machine Corporation. Al Kent bought the company, which was a two-man tool & die shop in Waltham, Massachusetts at the time, from a friend who was close to retirement in 1977. His two sons, Barry and Chris, successfully operated and grew the company for nearly five decades. But now ready to retire themselves, they are officially selling Pocasset Machine. Compass Precision, LLC a Charlotte-based manufacturer of custom, close-tolerance metal components for mission-critical applications, announced Monday that it has acquired Pocasset Machine Corporation in Pocasset, MA from the Kent family. Barry and Chris are expected to remain with Pocasset Machine through the transition phase. After that, Compass will replace both men with the rest of the company's staff remaining intact. Pocasset Machine will become the ninth operating company under the Compass umbrella, and the fifth situated outside the Charlotte area, location of the company's headquarters. 'We are thrilled to be joining forces with Pocasset Machine,' explained Bill Canning, Compass's President & Chief Operating Officer. 'Barry and Chris have developed a terrific niche CNC machining business focused mostly on serving the autonomous underwater vehicle (AUV) market, some of which is concentrated on and near Cape Cod.' 'We see many opportunities to grow Pocasset as an integral portion of Compass,' added Jim Miller, Compass's Vice President of Sales. 'Compass loves to acquire shops with differentiated capabilities serving mission-critical markets. Pocasset Machine is all of that and more. They are a great fit for us.' Two years after Al bought the company, the Kents began moving the machine shop to Cape Cod. While most people view the Cape as a tourist destination, Al and his sons saw a business opportunity. 'I checked it out with the associated industries of Massachusetts and found that this corner of the state could use a machine shop,' Al said. 'It was thought of mostly as a vacation spot, but the oceanographic industry spawned a lot of small company spinoffs.' 'We were familiar with the Cape. Everything we made back then was small, location wasn't all that important,' Chris said. 'So, we had the bright idea of over a few months, slowly moving everything out to the Cape.' On the cape, the machine shop became an intricate supplier in Oceanographic instrument products and scientific research. Many decades later, that led to the development of the AUV market, which Pocasset Machine is heavily involved in today. Barry began working at the company immediately in 1977. Chris started a few years later after high school. The two brothers learned under the company's previous ownership – the Paquette brothers. Barry and Chris assumed leadership roles at Pocasset Machine in the early 1980s. Al transitioned from his previous manufacturing company, Millipore, to Pocasset by 1983. He brought Millipore work with him, but he mostly stayed 'out of the way,' as he described it, to allow his sons to operate the company. Pocasset fits Compass' operating model, which has proven highly effective in integrating and supporting geographically dispersed operating units. Compass particularly emphasizes numerous cross-selling and cross-sourcing opportunities to enable each operating company to succeed in ways not possible by itself. Pocasset had other potential buyers, but the Kents saw Compass as the best fit. 'They speak our language. They know what a job shop life is,' Barry said. 'Until you have lived that life, you can try to explain to people what you do, but they really don't understand it until you've lived it. It's a pretty unique life, good or bad.' The Kent family members expressed how proud they are that Compass wanted to acquire the shop. They are looking forward to Compass continuing their traditions to help the machine shop continue to grow and prosper. 'Chris and Barry have grown this unbelievably successful company. They have done a great job, and we have a lot of really nice employees,' Barry's wife, Vicky, said. 'Because of that, we wanted to make sure that the company lived on and continued and didn't just close up and end what they had worked so hard for. 'So, that's the very, very important part of it. 'With Compass, the type of company that they are, adding Compass' family, friends, employees, is what we were looking for too.' Chris sees Compass taking Pocasset Machine to the next level. Al stressed how important it will be for Compass to keep the machine shop's integrity, which he is confident the parent company will be able to do. 'I'd like to see that integrity factor that Pocasset Machine has developed to continue working under the Compass umbrella,' said Al. Compass Precision was formed with the acquisition of Advanced Machining & Tooling, LLC; Quality Products & Machine, LLC; and Tri-Tec Industries, LLC in October 2019. In August 2020, Compass added Gray Manufacturing Technologies, LLC as its first add-on acquisition. Seven months later, Douglas Machining Services, LLC became Compass's second add-on acquisition in March 2021. R&D Machine, LLC was acquired in April 2022, Strom Manufacturing, LLC in July 2022, and Bergeron Machine, LLC in April 2023, becoming Compass's third, fourth and fifth add-ons. Together, Compass's operating companies, now numbering nine including Pocasset Machine, serve a diversified group of blue-chip customers in the aerospace & defense, space, semiconductor, medical, industrial automation, power generation, telecommunications, high tech, and specialty industrial markets. In addition to expansion via acquisition, Compass has also grown significantly since its formation in 2019 by investing aggressively in advanced equipment and adding new customers drawn to the company's mantra of 'we do the tough stuff'. In particular, Compass has concentrated its CAPEX expansion on machines capable of running unattended, lights-out, and/or in multi-tasking mode whereby previous discrete CNC machine processes are combined into a single operation. 'The technology underlying CNC machining is advancing quickly,' said Compass CEO Gary Holcomb. 'We are capitalizing on these developments by buying the latest machines capable of doing even more difficult parts faster and with fewer set-ups and operator intervention. We put our money where our mouth is regarding 'we do the tough stuff.'


New York Post
an hour ago
- New York Post
Microsoft SharePoint server hack likely caused by single actor — and thousands of firms now vulnerable: researchers
A sweeping cyberespionage operation targeting Microsoft server software compromised about 100 different organizations as of the weekend, one of the researchers who helped uncover the campaign said Monday. Microsoft on Saturday issued an alert about 'active attacks' on self-managed SharePoint servers, which are widely used by government agencies and businesses to share documents within organisations. Dubbed a 'zero day' because it leverages a previously undisclosed digital weaknesses, the hacks allow spies to penetrate vulnerable servers and potentially drop a back door to secure continuous access to victim organizations. Microsoft on Saturday issued an alert about 'active attacks' on SharePoint servers used within organizations. Gorodenkoff – Vaisha Bernard, the chief hacker at Eye Security, a Netherlands-based cybersecurity firm which discovered the hacking campaign targeting one of its clients on Friday, said that an internet scan carried out with the ShadowServer Foundation had uncovered nearly 100 victims altogether – and that was before the technique behind the hack was widely known. 'It's unambiguous,' Bernard said. 'Who knows what other adversaries have done since to place other back doors.' He declined to identify the affected organizations, saying that the relevant national authorities had been notified. The ShadowServer Foundation didn't immediately return a message seeking comment. Another researcher said that, so far, the spying appeared to be the work of a single hacker or set of hackers. 'It's possible that this will quickly change,' said Rafe Pilling, Director of Threat Intelligence at Sophos, a British cybersecurity firm. Microsoft said it had 'provided security updates and encourages customers to install them,' a company spokesperson said in an emailed statement. Microsoft said it had 'provided security updates and encourages customers to install them.' REUTERS It was not clear who was behind the ongoing hack. The FBI said on Sunday it was aware of the attacks and was working closely with its federal and private-sector partners, but offered no other details. Britain's National Cyber Security Center said in a statement that it was aware of 'a limited number' of targets in the United Kingdom. According to data from Shodan, a search engine that helps to identify internet-linked equipment, over 8,000 servers online could theoretically have already been compromised by hackers. Those servers include major industrial firms, banks, auditors, healthcare companies, and several U.S. state-level and international government entities. 'The SharePoint incident appears to have created a broad level of compromise across a range of servers globally,' said Daniel Card of British cybersecurity consultancy, PwnDefend. 'Taking an assumed breach approach is wise, and it's also important to understand that just applying the patch isn't all that is required here.'


New York Post
an hour ago
- New York Post
Jeep and Chrysler maker Stellantis says Trump tariffs cost company $350M in first half of 2025
Jeep and Chrysler maker Stellantis on Monday reported that US tariffs have cost the company nearly $350 million as it paused production at its North American plants and lowered shipments of imported vehicles. The Dutch-based automaker — which has a portfolio that also includes Ram, Fiat and Peugeot — shipped about 109,000 fewer vehicles, a 25% drop, compared to the same period last year, the company said in releasing prelimnary data ahead of reporting earnings next week. Last year, Stellantis imported over 40% of the 1.2 million vehicles it sold in the United States, mostly from Mexico and Canada. Since Trump rolled out his tariffs in April, which include a 25% levy on foreign cars, the company idled plants in Canada and Mexico. 3 Stellantis on Monday reported a $2.68 billion loss in the first half of this year. REUTERS Overall second-quarter shipments fell by 6% compared to the same period last year, to an estimated 1.4 million vehicles, it said. The company reported preliminary losses of $2.7 billion on $83 billion in revenue for the first six months of the year, compared to a profit of $6.5 billion on nearly $100 million in revenue in the same period last year. The bulk of the losses this year was driven by $3.8 billion in pre-tax net charges, including costs tied to restructuring and the cancellation of certain programs like a hydrogen fuel cell project, the company said. Stellantis' results were 'worse than consensus, but we think poor numbers were anticipated,' Jefferies analyst Philippe Houchois wrote in a client note. Bernstein analysts said that despite a 'big' earnings miss, restructuring steps taken by Stellantis 'suggest decisive actions.' The losses underscore the tough challenges for new CEO Antonio Filosa, who was appointed in May after a disastrous performance in the company's crucial US market in 2024 forced the ouster of former boss Carlos Tavares. 3 Stellantis, whose portfolio includes Jeep, said net revenue fell to $86.5 billion — a 12.6% drop from the first six months of 2024. REUTERS Under Tavares, industry experts said Stellantis had priced itself out of the US market and failed to update popular models, leaving the company with vast numbers of unsold cars. Globally, shipments totaled 1.4 million units for the quarter, down 6% year-over-year. Filosa on Monday promised that 2025 would be 'a year of gradual and sustainable improvement' for the automaker after a 'tough first half, with increasing external headwinds.' 'Despite difficulties, it has also been six months of meaningful progress compared to the second half of 2024,' he said in a letter to employees seen by Reuters. 3 Stellantis' stock has fallen by more than 55% in the last 12 months. The slowdown in deliveries contributed to the overall revenue decline and piled additional pressure on earnings. Stellantis suspended its full-year guidance back in April. Monday's preliminary results appear aimed at resetting expectations ahead of the company's full, audited financial report, which is scheduled for release on July 29. In the meantime, the disappointing numbers have weighed on the company's stock price and investor confidence. In the last 12 months, Stellantis' stock has dipped by more than 54%. It was trading 2.55% higher on Monday morning at around $9.44 per share. With Post wires