Business News

Business Almonds get roasted in debate over California water use Almonds get roasted in debate over California water use
As California enters its fourth year of drought and imposes the first mandatory statewide water cutbacks on cities and towns, the $6.5 billion almond crop is helping drive a sharp debate about water use, agricultural interests and how both affect the state's giant economy.
Business Kraft Mac & Cheese shedding the dyes Kraft Mac & Cheese shedding the dyes
This is the last year that the original version of Kraft Mac & Cheese sold in the U.S. will contain artificial preservatives or synthetic colors.
Business Gauge of US economy rises 0.2 percent in March Gauge of US economy rises 0.2 percent in March
An index designed to predict the future health of the economy slowly crept upward for the third straight month, a sign that the pace of growth has been weakening since the start of 2015.
Business Trade-off: Deal splits Democrats between business, labor
President Barack Obama pushed back Friday against Democrats who oppose a bipartisan accord on trade, dismissing their stand as a "ratification of the status quo" that would give countries like China a leg up on global commerce.
Business Citigroup slims down, boosts profits Citigroup slims down, boosts profits
Citigroup kept a lid on costs and that helped boost its bottom line last quarter. The big bank continues to slim down following the financial crisis.
Business Goldman Sachs' earnings soar on trading, deal fees Goldman Sachs' earnings soar on trading, deal fees
Goldman Sachs posted a big jump in first-quarter net income Thursday as its investment banking unit logged its best quarter since the financial crisis. Higher fees from trading bonds and currencies also helped.
Business Fight for $15 protests expand for low-wage workers Fight for $15 protests expand for low-wage workers
The Fight for $15 campaign that began with fast-food workers expanded in size and scope Wednesday to include a range of workers who say their meager pay is a form of economic injustice.
Business Fed survey finds U.S. economy growing at moderate pace Fed survey finds U.S. economy growing at moderate pace
The U.S. economy was growing at a moderate pace from mid-February through the end of March although the harsh winter, the rising value of the dollar and a big plunge in oil prices were having adverse effects on some industries, the Federal Reserve said Wednesday.
Business Survey: Most Vegas tourists married, many from California Survey: Most Vegas tourists married, many from California
The Las Vegas Convention and Visitors Authority says it has a pretty good idea who visited the destination last year: 45-year-old married people making $40,000 or more with one-third of them coming from neighboring California.
Business JPMorgan 1st quarter profit rises 12 percent JPMorgan 1st quarter profit rises 12 percent
Strong results from JPMorgan Chase & Co.'s currency, commodities and fixed-income trading business lifted the bank's first-quarter profit 12 percent.
Business Johnson & Johnson beats Street 1Q forecasts Johnson & Johnson beats Street 1Q forecasts
Johnson & Johnson's first-quarter profit uncharacteristically fell 8.6 percent, hurt by sharply unfavorable exchange rates, a major divestiture and competition to its new hepatitis C drug.
Business JobFest event Wednesday in Taft JobFest event Wednesday in Taft
The aim is to bring "employment opportunities to every region of Kern County," according to DHS.
Business Report gives U.S. airlines lower marks across the board Report gives U.S. airlines lower marks across the board
Think flying is getting worse? A pair of university researchers who track the airline business say it's a fact. More flights are late, more bags are getting lost, and customers are lodging more complaints about U.S. airlines, government data shows.
Business What's in a hotel name? Guests try to decipher the mystery What's in a hotel name? Guests try to decipher the mystery
Vacationers once relied on big-name hotel brands to signal the kind of experience they could expect. People knew what Holiday Inn, Hilton, Hyatt or Marriott meant. Familiarity bred a sense of comfort. No longer.