mOasis moves to Union City

mOasis has shifted its operations to Union City with a new lease to occupy 11,000 square feet in Dowe Business Park.

The company exited Mountain View in a deal arranged through commercial realty brokerage Colliers International.

mOasis produces mOasisgel, a nontoxic water storage material for California agriculture. mOasisgel increases crop yields and reduces water and water-related energy use to enable California farmers to grow more with less.

Founded at Stanford University, mOasis said it also outgrew its offices in Mountain View,

Cyclone near Chevron Australia gas venture

San Ramon-based Chevron may see an impact from a cyclone on its liquefied natural gas facilities in Western Australia, according to weather forecasts.

Cyclone Narelle is headed toward the western shore of Australia and is now a category 3 storm with winds up to 100 miles an hour.

The cyclone is expected to be upgraded to a category 4 storm by Thursday afternoon.

The storm was also heading toward Karratha, which is a base for the $27 billion North West Shelf liquefied natural gas project involving Chevron, Shell and Woodside Petroleum, as well as other oil and gas ventures

Safeway gets neutral stock-buy rating


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Pleasanton-based Safeway received a neutral rating from Zacks Investment, which believes the supermarket chain faces severe challenges, but can also benefit from some promising opportunities.

A slowdown in Safeway's same-store sales, excluding fuel, is a cause for concern, according to Zacks.

Safeway, though, could "turn the tables" on its sales trends through the successful rollout of the grocer's "Just for U" customer loyalty program.

McKesson closes at one-year high

San Francisco-based McKesson closed at a fresh 52-week high Wednesday.

The health care services and information technology firm closed at $101.10 Wednesday, up 31 cents, or 0.3 percent.

Separately, McKesson is closing in on completion of a $1.3 billion purchase of Florida-based PSS World Medical.

That deal is expected to be completed before the end of March, according to McKesson.

-- Staff