California becomes leading U.S. state for housing most Fortune 500 companies


By WenTsui

SACRAMENTO, the United States, June 4 (Xinhua) -- California, the largest economy and most populous state in the United States, has reclaimed the top spot for housing the most Fortune 500 companies in the country, according to a report by Fortune magazine.

With 57 companies headquartered within its borders, California edged out Texas and New York, which are tied for second place with 52 companies each, said the report published on Tuesday.

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