This company’s exit could be California’s toughest blow yet

Business

Another major publicly-traded company is packing its bags and leaving California. This time, it’s KB Home, a multibillion-dollar homebuilding giant that has called Los Angeles home for decades, since 1960. Now it’s heading to Tempe, Ariz., citing a more business-friendly environment and lower long-term costs. Let that sink in. A company whose entire business is building homes in California no longer believes it makes sense to be headquartered there –– even with tens of thousands of homes to

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