Business

Monday, Feb 10 2014 06:46 PM

Worth noting in business: Sears Outlet store opens on White Lane

By THE BAKERSFIELD CALIFORNIAN

A Sears Outlet store has opened at 2300 White Lane, Unit B, offering an array of discontinued, reconditioned, overstocked, scratched and dented products at discount prices.

Inventory at the 40,047-square-foot store ranges from high-end home appliances and grills to patio furniture and home goods, all of which the chain -- Sears Hometown and Outlet Stores Inc. -- says meet Sears quality standards.

The store is open from 9 a.m. to 9 p.m. Monday through Saturday, and 10 a.m. to 7 p.m. Sunday.

Bakersfield-based oil producer Pyramid Oil Co. announced it has agreed to an all-stock merger with Yuma Energy Inc., a privately held company based in Houston.

Terms of the transaction call for Pyramid, a publicly traded company founded in 1909 focusing on Kern County oil production, to change its name to Yuma Energy Inc. and move its headquarters to Houston. It will maintain offices in Bakersfield.

All of Yuma's executive officers and directors will assume their same roles with the merged company.

Pyramid Chairman Michael D. Herman said in a news release, "This merger will allow Pyramid's shareholders to join a much larger company with a proven management team and very experienced Board of Directors."

Jim Burke Ford & Lincoln has announced it will no longer sell Jaguar vehicles starting Feb. 20 in a bid to better align itself with the corporate structure of Ford Motor Co.

The dealership acquired the Jaguar franchise in 2000, when the brand was under the Ford umbrella. Ford acquired the Jaguar brand in 1989 and sold it to Tata Motors in 2008.

Jim Burke Vice President Joe Hay said in a news release the company will continue to perform Jaguar warranty work and repairs.

The publisher of Forbes magazine has agreed to deliver the keynote speech at the 14th annual Kern County Economic Summit March 26 at the DoubleTree by Hilton Hotel Bakersfield.

Rich Karlgaard also authors the publication's "Innovation Rules" column discussing business and technology. The Stanford University political science graduate often appears as a panelist on the Fox News Channel's "Forbes on Fox" show.

Hosted by the Kern Economic Development Corp., the summit is co-sponsored by the Greater Bakersfield Chamber of Commerce and Cal State Bakersfield.

Sponsorships are being accepted. Tickets cost $100 each and will go on sale next week. For information, contact event coordinators Laura Wiener, 319-8823, or Mira Patel, 301-2081.

Lest they get carried away on Valentine's Day, helium-filled metallic balloons should be securely tied to a weight to avoid disrupting electric service, Pacific Gas and Electric Co. warned Monday.

Last year, the San Francisco-based utility said, mylar balloons caused more than 300 outages to its system.

PG&E also cautioned people not to retrieve any type of balloon, kite or toy entangled in a power line. Instead, call the company at 800-743-5000.

Safelite AutoGlass, a national vehicle glass repair and replacement company, has moved its Bakersfield shop into a larger space.

The Columbus, Ohio-based company recently relocated from 4751 White Lane to 3208 Pegasus Drive, a 21,000-square-foot space twice as large as the former shop. The new space has a 50-foot-high ceiling, allowing for triple its previous inventory, according to a company news release.

With 22 workers in Bakersfield, the company said it was hiring additional employees to staff the new location.

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