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Oil producers pledge to possibly cap output
DUBAI, United Arab Emirates — Some of the major oil producers are pledging to put a cap on production in hopes of boosting oil prices from their lowest point in more than a decade. Russia and Saudi...
View ArticleFarmers & Merchants Bancorp announces record earnings
LODI — Farmers & Merchants Bancorp announced that it earned a record net income with $27.4 million for the year-ending Dec. 31, 2015. The total was an increase of 7.8 percent over the prior year....
View ArticleLodi man appears for sentencing on embezzlement charges
STOCKTON — David William Dixon, 37 of Lodi, appeared in court on Feb. 29 for sentencing after he pled guilty to one count of felony embezzlement and one county of felony tax evasion on Dec. 16. Dixon...
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Americans name economy, government as top concerns
Americans continue to be most concerned about the economy and dissatisfied with the government, according to the most recent Gallup poll. Those two issues topped the list of concerns in the poll...
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Minimum wage bill heads to Gov. Brown
CHRISTOPHER PADALINSKICalifornia State Capitol SACRAMENTO — A bill to increase California’s minimum wage to $15 an hour moved with lightning speed through the Legislature and is headed to Gov. Jerry...
View ArticleBrown signs minimum wage bill
LOS ANGELES — Gov. Jerry Brown signed a bill this morning that will raise California’s minimum wage to $15 by 2022. “This is about economic justice, it’s about people,” said Brown during the bill...
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Harriet Tubman to be first woman on $20 bill
WASHINGTON D.C. — Harriet Tubman will be the new face of the $20 bill, according to a Treasury Department official on Wednesday. She will replace President Andrew Jackson on the bill although a time...
View ArticleMcClatchy newspaper chain loses nearly $8 million in first quarter
SACRAMENTO — The McClatchy Company, which owns the Modesto Bee, Merced Sun Star and Sacramento Bee, posted a $7.9 million loss in the first quarter of 2016. That was a 9.8 percent improvement when...
View ArticleLodi’s Kmart among 68 to be closed nationwide
LODI — Lodi’s Kmart store, on Cherokee Lane, will be among 68 Kmart and 10 Sears stores that will be closed this summer according to Sears Holdings Corp, which owns the stores. The Lodi facility will...
View ArticleNew college graduates entering improved job market
CHICAGO — The job prospects for new college graduates are the best they have been in nearly a decade according to a new survey by CareerBuilder.com. According to the survey, 67 percent of employers say...
View ArticleUnemployment rates dropping in most metro areas
WASHINGTON D.C. — Unemployment rates have improved over the last year in 270 out of 387 metropolitan areas, according to the Bureau of Labor Statistics. The rate has increased in 98 metro areas and was...
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Home Depot beats sales expectations
ATLANTA — Home Depot bucked the recent retail trends and reported higher-than-expected sales for the first quarter. The company earned $1.8 billion, or $1.44 per share, surpassing per-share...
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April prices make biggest jump in three years
WASHINGTON — A surge in the price of gasoline helped push consumer prices up in April by the largest amount in more than three years, according to the U.S. Labor Department. Overall consumer prices...
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Federal Reserve poised to consider interest rate hike
The Federal Reserve. WASHINGTON — The Federal Reserve appears ready to raise interest rates again. At a meeting of the Federal Open Market Committee, April 26-27, members appeared to echo concerns of...
View ArticleUnemployment rate sinks across Central Valley
SACRAMENTO — Unemployment shrank across the Central Valley in April. The lowest Valley unemployment rate was in San Joaquin County at 8.1 percent in April, down from 8.8 percent in March. Stanislaus...
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New overtime rules could impact 12.5 million workers
New overtime rules will likely make an additional 12.5 million employees eligible for overtime protections, according to the Economic Policy Institute. The new rule raises the overtime threshold from...
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Steady growth expected for California economy
STOCKTON — The University of the Pacific’s Center for Business and Policy Research predicts steady growth for the California economy, despite a slowdown at the beginning of the year. It also expects...
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Consumer sentiment hits highest point of the year
WASHINGTON — Steady hiring and higher incomes have helped boost consumer sentiment according to the University of Michigan. The school’s index of consumer sentiment rose to 94.7 in May, it’s highest...
View ArticleRevised GDP numbers slightly better than early estimates
WASHINGTON — The U.S. economic slowdown to start the year wasn’t quite as bad as first thought. The gross domestic product grew at a revised annual rate of 0.8 percent, slightly better than the...
View ArticleCalifornia’s economy now 6th in world
California’s economy is now the sixth largest in the world, according to a new federal report. The state’s economy, led by the finance and insurance industries, grew at the second fastest rate in the...
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