Business

  • Kern's jobless rate slides to 10.3 percent on farm hiring

    Kern County's unemployment rate dropped by almost one full point to a seasonally unadjusted 10.3 percent as local farming added more than 9,000 jobs in April, the state reported Friday. Last month's 22 percent surge in seasonal ag employment came amid a mostly stable jobs picture in Kern,

  • Destiny Swetnam, right, is hoping to land her first job and after securing at least one second interview at the 2015 Job Fest Thursday she is hopeful. She interviews with Karla Lyons with McDonald's during one of her interviews.

    Job fair offers hope to 2,500 job-seekers

    As she walked the aisles of Bakersfield's biggest annual job fair Thursday morning, taking note of several "very promising" prospects, Kelli Gilliam grew increasingly confident her five-month unemployment streak would soon come to an end. At the same time, she was surprised at how

  • Lengthwise Brewing Company co-owner Jeff Williams stands next to the beer vats in his Bakersfield establishment. Lengthwise has recently signed a deal to export its brews northward into Fresno, Madera, Merced, Mariposa, Kings and Tulare Counties with Valley Wide Beverage Company.

    On tap for Lengthwise: Expansion through the valley

    Lengthwise Brewing's mothership location on Schirra Court was a whirlwind of orderly chaos Friday morning. Three different photographers, one in an arcane video harness, snapped shots of the space while workers prepped for the brew-pub's 11 a.m. opening. Brewers checked the interiors of

  • Activists sue to speed up injection well shutdowns

    Environmental activists filed a lawsuit Thursday attempting to erase a state plan giving California oil field operators as much as 22 months to stop injections into federally protected aquifers. The suit in Alameda County Superior Court says injections at 490 wastewater disposal wells and 1,987

  • Hydrogen Energy California's proposed clean-burning power plant is shown in an artist's rendering.

    HECA asks for 6-month regulatory time-out

    The company behind a $4 billion clean coal plant proposed near Tupman formally asked Tuesday for a six-month time-out on its regulatory review, saying it hasn't been able to finalize a deal with a company that would take the project's byproduct carbon dioxide. The letter by an attorney

  • Worth noting in business: T.J.Maxx opening at The Shops at River Walk

    A new T.J.Maxx is set to open May 17 at The Shops at River Walk. The 22,500-square-foot store, one of 1,000 owned by the Massachusetts-based chain, will offer discount goods ranging from fashion and accessories to pet products and toys. It will employ about 60 full- and part-time workers.

  • One hundred tanker cars formed a mile-long train waiting to be unloaded in early December at Plains All American Pipeline LP's new rail-to-pipeline near Taft. The train carried about 70,000 barrels of oil, or about 3 million gallons. The facility was designed to handle two such trains per day.

    EPA faults air district's approval of oil train terminal near Taft

    Federal officials say a new oil-by-rail terminal near Taft qualifies as a major air polluter that should have undergone a more rigorous environmental review. The U.S. Environmental Protection Agency said in letters mailed Thursday that the facility was wrongly permitted by the San Joaquin Valley

  • Russ Allred, business consultant and author at Sunbelt Business Brokers

    RUSS ALLRED: A 2020 view of the future

    Hindsight is 20/20, but 2020 is also in our future. The National Federation of Independent Businesses asked my projection for the growth industries of the next decade. The easy picks continue to be energy, especially solar, and health care, especially geriatrics. The trends for both are just too

  • People in Business

    NOTE: No photos this week. OTIS WARREN has been appointed national sales manager at the Bakersfield radio station group American General Media. Warren returns to AGM after many years at Buckley Broadcasting. DR. ANAMIKA MAHESHWARI has joined Adventist Health Physicians Network's Chester

  • Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska May 2, 2015.  REUTERS/Rick Wilking

    Buffett says 'no apologies' for Clayton Homes' lending practices

    OMAHA, Neb. - Billionaire investor Warren Buffett on Saturday defended his Clayton Homes unit against accusations that the manufactured home seller had preyed on lower-income purchasers with its lending practices. “I make no apologies whatsoever about Clayton's lending terms,” said Buffett,

  • CRC posts $97 million loss, cuts 2015 capital investment plan 80 percent

    California Resources Corp. posted a first-quarter loss of $97 million Thursday amid record oil production as the newly independent petroleum producer, heavily invested in Kern County, coped with drastically lower barrel prices. Los Angeles-based CRC, spun off in November from Houston-based

  • PG&E outage cuts power to oil fields for 45 minutes

    Oil fields in western Kern County were without power for close to an hour Wednesday until a crew from Pacific Gas and Electric Co. repaired an unspecified equipment failure. The outage that started at about 1 p.m. affected a majority of oil fields north of McKittrick, PG&E spokeswoman Katie

  • CRC posts $97 million loss, cuts 2015 capital investment plan 80 percent

    California Resources Corp. posted a first-quarter loss of $97 million Thursday amid record oil production as the newly independent petroleum producer, heavily invested in Kern County, coped with drastically lower barrel prices. Los Angeles-based CRC, spun off in November from Houston-based

  • Contributing columnist Steven Van Metre

    STEVEN VAN METRE: Life requires setting spending priorities

    Boomers are called the "sandwich generation" -- often caught between taking care of their children and their aging parents, while planning for their own retirements. A 2014 survey by the non-profit American Consumer Credit Counseling revealed 31 percent of boomer Americans provide some