Top News & Analysis California

  • A sign is displayed outside of a Wells Fargo bank in San Francisco, California.

    The lawsuit focuses on those who followed the rules and were penalized for not meeting sales quotas.

  • SAN FRANCISCO— In a story Sept. 23 about a bill to protect whales from fishing gear for Dungeness crab, The Associated Press erroneously reported the name of an environmental group that backed the legislation. The group is the Center for Biological Diversity, not the Center for Environmental Diversity. California's governor has signed legislation to protect...

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • NEW YORK— Social media app Snapchat is introducing video-recording glasses called Spectacles and is changing its company name to incorporate the new product. The glasses are the first hardware from the Los Angeles- based company. The company says it's changing its name to Snap Inc. since it now has more than one product.

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • Sept 23- Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signaling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company. Twitter and Alphabet Inc, Google's parent company did not respond to a request for...

  • The lawsuit was filed in the federal court in San Jose, California, one day after Yahoo disclosed the hacking, unprecedented in size, by what it believed was a "state-sponsored actor." Ronald Schwartz, a New York resident, sued on behalf of all Yahoo users in the United States whose personal information was compromised. The attack could complicate Chief Executive...

  • BRISBANE, Calif. _ KaloBios Pharmaceuticals Inc. on Friday reported a loss of $12 million in its second quarter. On a per-share basis, the Brisbane, California- based company said it had a loss of $2.63. Keywords: KaloBios Pharmaceuticals, Earnings Report.

  • WASHINGTON, Sept 23- Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc.. We don't know when Yahoo first found out, "said Jeremiah Grossman, chief of security...

  • Sept 23- Yahoo Inc was sued on Friday by a user who accused it of gross negligence, one day after the company said hackers stole information from at least 500 million accounts in 2014.. The lawsuit was filed in the federal court in San Jose, California by Ronald Schwartz, a New Yorker, on behalf of all Yahoo users in the United States whose personal information was...

  • The Food and Drug Administration cleared a near-copy of the drug, dubbed Amjevita, developed by Amgen Inc. Regulators approved the drug for more than a half-dozen conditions listed on the original drug's label, including severe psoriasis and Crohn's diseases. But currently only one biosimilar cleared by the FDA approval pathway is actually on the market in...

  • Jerry Brown announced Friday that he signed legislation meant to bring down the record numbers of whales getting caught in fishing gear meant for Dungeness crabs, causing unknown numbers of the entangled mammals to drown or starve. Crab fishermen joined environmental groups in backing the legislation after federal agencies logged 61 reports of entangled...

  • CBS has not publicly disclosed how much debt the unit plans to issue. Representatives of CBS and all of the banks declined to comment. CBS will use capital from the radio deal for buybacks and investing in the business, CBS Chief Executive Leslie Moonves told the Goldman Sachs Communacopia Conference this week.

  • SAN FRANCISCO— Facebook is apologizing to advertisers for what it calls an error that overstated the average length of time users watched videos on the site. The measurement didn't affect how much Facebook charges to run video spots, but analysts say ad agencies may have used the Facebook estimates as a key metric when they plan campaigns and decide how much...

  • Attorneys general for 35 states and the District of Columbia filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania, alleging that British drugmaker Indivior and New Jersey's MonoSol Rx conspired to corner the market on Suboxone. The attorneys general say the conduct is illegal "product hopping," where a company makes small...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • DALLAS, Sept 23- A SpaceX rocket that burst into flames on its launch pad ate the beginning of this month likely suffered a large breach in its upper-stage helium system, the company said on Friday. SpaceX, owned and operated by technology entrepreneur Elon Musk, was fueling a Falcon 9 rocket on the launch pad in Florida on Sept. 1 in preparation for a routine...

  • SAN FRANCISCO— If a foreign government is behind the massive computer attack that compromised a half billion user accounts at Yahoo, as the company says, the breach could be part of a long-term strategy that's aimed at gathering intelligence rather than getting rich. Yahoo says the breach involved users' email addresses, passwords and other information—...