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Top News & Analysis California

  • July 26- Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four of the most popular mobile services in the world,...

  • SAN FRANCISCO, July 26- Software startup Slack Technologies Inc is raising $250 million in a new funding round, according to people familiar with the matter, boosting the company's valuation as Silicon Valley companies enjoy a surge in venture capital investments. SoftBank has been heavily investing in startups, and it recently launched a $93 billion Vision...

  • WASHINGTON, July 26- A Russian national suspected of being the mastermind behind a crypto-currency exchange has been indicted by a grand jury in California on money laundering charges, the U.S. Justice Department said on Wednesday. Alexander Vinnik, who was arrested in Greece on Tuesday, allegedly operated the BTC-e virtual currency exchange and used it to...

  • The office says the news conference will include representatives of the FBI and the Coast Guard, agencies that were involved in the investigation. Princess Cruises said a 39- year-old woman from Utah died aboard the Emerald Princess late Tuesday, following a domestic dispute. Princess Cruises said a 39- year-old Utah woman died Tuesday night on the Emerald...

  • GLENDALE, Calif. _ Public Storage on Wednesday reported a key measure of profitability in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $2.56 per share. Six analysts surveyed by Zacks expected $674.2 million.

  • SAN DIEGO _ Quidel Corp. on Wednesday reported a loss of $11.8 million in its second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Quidel shares have climbed 74 percent since the beginning of the year.

  • BOSTON/ SAN FRANCISCO, July 26- FTSE Russell said on Wednesday it planned to exclude Snap Inc from its widely followed stock indexes because the owner of the Snapchat messaging app has an unusual share structure that denies voting rights to investors. The stock index provider said it made the decision based on client feedback, the latest sign of the growing...

  • The company's stock rose more than 4 percent to around $173 after the stellar earnings report. With Facebook squeezing more ads into its News Feed, and increasingly into Instagram and Facebook's Messenger service, the company said that total revenue rose 44.8 percent to $9.32 billion in the second quarter of the year. "In mobile we're continuing to see great...

  • BOSTON/ SAN FRANCISCO, July 26- FTSE Russell said on Wednesday it planned to exclude Snap Inc from its widely followed stock indexes because the owner of the Snapchat messaging app has an unusual share structure that denies voting rights to investors. The stock index provider said it made the decision based on client feedback, the latest sign of the growing...

  • FREMONT, Calif. _ AXT Inc. on Wednesday reported second-quarter profit of $1.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share. Five analysts surveyed by Zacks expected $22.5 million.

  • CALABASAS, Calif. _ On Assignment Inc. on Wednesday reported second-quarter profit of $33.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. On Assignment shares have risen 17 percent since the beginning of the year.

  • July 26- Power development company Invenergy LLC and General Electric Co on Wednesday announced plans to build the largest wind farm in the United States in Oklahoma, part of a $4.5 billion project to provide electricity to 1.1 million utility customers in the region. American Electric Power Co Inc is asking utility regulators in Louisiana, Arkansas, Texas and...

  • SAN LUIS OBISPO, Calif. _ Mindbody Inc. on Wednesday reported a loss of $4.4 million in its second quarter. For the current quarter ending in October, Mindbody said it expects revenue in the range of $45.1 million to $46.1 million. Mindbody shares have increased 23 percent since the beginning of the year.

  • BRISBANE, Calif. _ Innoviva Inc. on Wednesday reported second-quarter net income of $35.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Innoviva shares have risen 23 percent since the beginning of the year.

  • The San Jose, California- based company beat Wall Street expectations for both profit and revenue in the second quarter, and raised its full-year adjusted earnings forecast to a range of $1.80 per share to $1.84 per share, from $1.74 per share to $1.79 per share. PayPal shares rose 2.9 percent to $60.50 in after-hours trading. On a conference call with analysts,...

  • LOS ANGELES _ Kilroy Realty Corp. on Wednesday reported a key measure of profitability in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 86 cents per share. Kilroy Realty expects full-year funds from operations to be $3.35 to $3.45 per share.

  • SAN DIEGO _ Bridgepoint Education Inc. on Wednesday reported second-quarter profit of $6.3 million. On a per-share basis, the San Diego- based company said it had profit of 21 cents. Keywords: Bridgepoint Education, Earnings Report.

  • BOSTON/ SAN FRANCISCO, July 26- FTSE Russell said on Wednesday it plans to exclude Snap Inc from its widely followed stock indexes because the owner of the Snapchat messaging app has an unusual share structure that denies voting rights to investors. The stock index provider said it made the decision based on client feedback, the latest sign of the growing...

  • EL SEGUNDO, Calif. _ PCM Inc. on Wednesday reported second-quarter profit of $2.5 million. On a per-share basis, the El Segundo, California- based company said it had net income of 19 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN JOSE, Calif. _ Monolithic Power Systems Inc. on Wednesday reported second-quarter earnings of $15 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Six analysts surveyed by Zacks expected $111.1 million.