California's Small-Business Climate Rated Unfavorably.

Small-business executives in California are not confident about the direction in which the state is heading. According to the Small Business California's annual survey, more than 45 percent of small-business executives who responded believe California is on the wrong track.

Other survey highlights include:

* About 35 percent said revenues have either stayed the same or increased over the last 12 months.

* More than 80 percent of small-business owners...