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

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...