Business & Economy

Business news

Bill Would Phase Out Plastic Bags in California

Apr 16, 2013
Office of Alex Padilla

Plastic bags may not be an option much longer at California grocery stores. Lawmakers are considering a bill that would ban the bags. Despite previous attempts, supporters believe this time the bill will pass. Amy Quinton reports from Sacramento.

California retailers hand out more than 14 billion single use plastic bags every year. The state’s own figures show only 5 percent are recycled. Mark Murray is with Californians Against Waste.

Rebecca Plevin / Valley Public Radio

Pao Saephan crouches down in his sun-drenched field. He cups a red jewel in his hand.

In a few more days, his strawberries will be fully ripe. He’ll pick them once they are garnet-colored from stem to tip.

“We want all the strawberries, to be full ripe, full flavor, with 100 percent sugar in them,” says Saephan.

In the past, he would sell the fresh berries at his roadside stand - called Sam’s Strawberry Patch. It’s located at the intersection of Manning Avenue and I Street in Reedley.

Valley Public Radio

California now has one of the highest unemployment rates in the nation. As Amy Quinton reports from Sacramento, the latest figures from the California Employment Development Department show no improvement in the state’s jobless rate for January.

California’s unemployment rate remained at 9.8 percent in January. That ties the state with Rhode Island for the highest unemployment rate in the country. 

A new study finds women in California aren’t faring as well as men during the economic recovery.  The analysis was done by The California Budget Project and the Women’s Foundation of California.  

It finds employment among the state’s women declined by a little less than one percent over the past two years – while it was increased nearly two percent among men.

Chris Hoene with the Budget Project says cuts to programs such as CalWorks, the state’s welfare to work program, and cuts to state subsidized child care have largely affected women:

Stephanie Barraza

The world for the retiree is evolving. For some retirement means a chance to globe-trot or travel across the country in an RV, but for many 65 is just another milestone, a reminder of poor financial decisions earlier in life or a chance to explore a second career.

Honey Bee Shortage Could Sting Almond Growers

Feb 15, 2013
Joe Moore / Valley Public Radio

A honey bee shortage in California could sting almond growers this season. As Amy Quinton reports from Sacramento, there aren’t enough bees to pollinate the crops of California’s largest export.

California gets about 75 percent of its bees from other states. But drought, malnutrition and disease killed many of the bees over the winter. The winter losses are still being counted.

A downtown Fresno gift store that specializes in handmade and "indie" arts and craft products is set to close.

Store owner Melanie Davis announced that she plans to shut down retail operation on the boutique's Facebook page Tuesday morning. She says the shop will stay open through the end of March:

Fresno City Planning Commission

Drivers along Highway 41 may soon see a major new addition to the Fresno skyline, as the city's planning commission last night approved plans for a 10-story tower at Friant Road and Highway 41. 

The 234,000 square foot office tower from Fresno developer DeWayne Zinkin is expected to cover 12 acres, and will rise to a height of 150 feet. It is planned for a site just to the east of Highway 41, and north of Friant Road.

Joe Moore / Valley Public Radio

Update: Saturday, 8:45 AM: Unexpected cloud cover late Friday and early Saturday kept temperatures slightly higher than forecast, enough to prevent damage to most commercially grown fruit. Lows in most places were in the upper 20's. Forecasts call for more extreme cold over the weekend.  ORIGINAL REPORT:

Valley citrus growers are in for a long night tonight, as what is expected to be the coldest evening of the year threatens to damage the region's citrus crop, with the most popular new variety, the mandarin orange,  most at risk.

A company controlled by billionaire investor Warren Buffett announced today it has acquired Fresno-based brokerage firm Guarantee Real Estate. The terms of the deal were not released.

Guarantee will now be a division of Minneapolis-based Home Services of America, Inc., which is affiliated with Buffet's firm Berkshire Hathaway.

Guarantee was one of Central California's largest real estate brokerage firms, with over 400 employees in 13 offices. In 2011, the company handled transactions for over 3,700 units, totaling over $600 million.