A developing nation version of the World Bank was formally agreed this week two years after India proposed the idea to Brazil, Russia, China and South Africa. Yet even as the five governments hailed its formation, there were questions about whether four of them might simply be paying to move from U.S. financial hegemony to dominance by another economic superpower: China.
With the strike still in full force, many of the county’s residents are having difficulty finding alternate transportation.
Lloyd Segal is a real estate guru who recently joined Eyewitness News Mornings to talk about flipping houses.
Residents aren't the only ones who waste water. Municipalities and commercial establishments are among the violators.
Two meetings have been scheduled between Golden Empire Transit District officials and its union following discussions Thursday morning.
The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.
U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.
Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions.
Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches
Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments.
Microsoft announced the biggest layoffs in its history Thursday, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.
Golden Empire Transit District released budget figures Wednesday afternoon, as drivers and mechanics strike over pay and part-time status.
The Outlets at Tejon are scheduled to open Aug. 7, boasting dozens of retailers at a sprawling center near the junction of Highway 99 and Interstate 5 south of Bakersfield.
California water regulators on Tuesday approved fines up to $500 a day for residents who waste water on lawns, landscaping and car washing. Now, Bakersfield and Kern County officials trying to decide if and how the penalties will be implemented in their area.