http://www.bakersfieldnow.com/news/business RSS Feed for KBAK - News - Business en-us Sat, 18 May 2013 22:49:01 GMT http://www.bakersfieldnow.com/news/business/Silicon-Valley-area-hub-becomes-factory-town-208015921.html Fremont, Calif., a nondescript suburb of 217,000 tucked in the high-tech region between San Francisco and the Silicon Valley is where something unique is happening: manufacturing. http://www.bakersfieldnow.com/news/business/Politics-bribery-charges-swirl-around-Ugandan-oil-208018631.html Uganda, which has confirmed oil deposits of about 3.5 billion barrels, wants to extract at least 1.2 billion barrels over the next three decades. http://www.bakersfieldnow.com/news/business/Report-Yahoo-nearing-11B-acquisition-of-Tumblr-208010171.html The Sunnyvale, Calif., company's board of directors will meet Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr http://www.bakersfieldnow.com/news/business/California-unemployment-rate-drops-to-9-percent-207907101.html California's unemployment rate has fallen to its lowest level in 4 1/2 years as the state experienced one of the sharpest drops in joblessness nationwide, the state Employment Development Department reported Friday. http://www.bakersfieldnow.com/news/business/Bernanke-forecasts-gains-from-computer-technology-208010921.html Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. http://www.bakersfieldnow.com/news/business/Source-Maloofs-reach-agreement-to-sell-Kings-207825411.html A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group headed by software tycoon Vivek Ranadive to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million. http://www.bakersfieldnow.com/news/business/Gauge-of-US-economys-future-health-up-in-April-207947091.html A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. http://www.bakersfieldnow.com/news/business/Rising-consumer-demands-aids-organic-industry-sway-207885311.html Tensions between conventional and organic agriculture boiled over this week during a late-night House Agriculture Committee debate on farm legislation that for decades has propped up traditional crops and largely ignored organics. http://www.bakersfieldnow.com/news/business/Judge-to-hear-lawsuit-over-high-speed-rail-bonds-207800391.html State officials on Thursday agreed to drop a request to consolidate all lawsuits challenging California's use of voter-approved high-speed rail bonds, allowing a trial seeking to prevent the state from spending bond money to begin later this month. http://www.bakersfieldnow.com/news/business/Syrian-hackers-compromise-FT-blogs-Twitter-feeds-207886181.html A clutch of blogs and Twitter accounts maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army