New Fortune 500 Rankings: Texas Overtakes California, But Amazon is #1, Beating Walmart

"Texas has dethroned California as the state with the most Fortune 500 companies," reports the Los Angeles Times:The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years ago when the Golden State had the pole position...
California's corporate haters say they try to avoid the state's high costs, income taxes and strict regulations, but the western state is still a