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Top News & Analysis California

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  • SAN FRANCISCO, Aug 2- Janet Yellen made her reputation as an early spotter of the looming slump seven years ago when she highlighted some unorthodox indicators of decline in consumer spending: tummy tucks, gourmet dining and country club memberships. As chief of the San Francisco Fed back in 2008, Yellen joked to colleagues at a somber policy-setting meeting...

  • DANA POINT, Calif.— Billionaire industrialist Charles Koch warned America is "done for" if the conservative donors and politicians he gathered at a retreat this weekend don't rally others to their cause of demanding a smaller, less-intrusive government. As such, five GOP contenders are speaking to the donor group, answering questions. Marco Rubio, responding to a...

  • LOS ANGELES, Aug, 2- Tom Cruise's "Mission: Impossible-- Rogue Nation" dominated the U.S. box office this weekend with an impressive $56 million at 3,956 locations. The Paramount/ Skydance tentpole generated $20.3 million at the Friday box office, setting an opening day mark for the sturdy franchise- and signaling that Cruise still carries plenty of star power.

  • WASHINGTON— Donald Trump, widely believed to the be the wealthiest American ever to run for president, is nowhere among the ranks of the country's most generous citizens, according to an Associated Press review of his financial records and other government filings. Trump has said he donated $102 million worth of cash and land to philanthropic and conservation...

  • A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.

  • DANA POINT, Calif.— Billionaire industrialist and conservative political donor Charles Koch welcomed a group of roughly 450 like-minded fundraisers to one of his twice-annual conferences Saturday by challenging them to advocate for ending "corporate cronyism"- even if those policies help their businesses. The Koch brothers and their network of donors, many...

  • The Canadian researchers who created hitchBOT as a social experiment told The Associated Press that someone in Philadelphia damaged the robot beyond repair early Saturday, ending its first American tour after about two weeks. The kid-size robot set out to travel cross-country after successfully hitchhiking across Canada in 26 days last year and parts of...

  • WASHINGTON— Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

  • Mt. Gox bitcoin exchange head arrested Saturday, 1 Aug 2015 | 3:13 AM ET

    The head of the failed Japan-based bitcoin exchange Mt.Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million.

  • Researchers warn of bogus emails offering Windows 10 Friday, 31 Jul 2015 | 8:28 PM ET

    SAN FRANCISCO— Some hackers are exploiting Microsoft's offer of free upgrades to its new Windows 10 operating system. Researchers at Cisco Systems say the emails are designed to look like an official upgrade notice from Microsoft Corp., but several words have random, out-of-place letters and punctuation. Another important clue: Microsoft says its update...

  • Sempra Energy buying joint venture stake from Pemex Friday, 31 Jul 2015 | 6:52 PM ET

    NEW YORK— Sempra Energy said Friday it will take full control of a Mexican natural gas pipeline business in a deal valued at $1.33 billion. Sempra Energy's Mexican unit, IEnova, owned 50 percent of the Gasoductos de Chihuahua joint venture, and Mexico's state oil company Pemex owned the other half. Sempra Energy said the purchase will add about 5 cents per share to...

  • Yahoo buys fashion website Polyvore Friday, 31 Jul 2015 | 6:24 PM ET

    July 31- Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its' Mavens' growth strategy. Polyvore's co-founder and CEO Jess Lee was earlier part of Google Inc's associate manager program, which...

  • Good Housekeeping magazine once dubbed the service a "fashionista's playground." The results have been lackluster so far, barely budging Yahoo's revenue. The acquisition, which hasn't closed yet, will mark a homecoming for three of Polyvore's co-founders, Jianing Hu, Guangwei Yuan and Pasha Sadri.

  • LOS ANGELES— Federal regulators have closed a case that questioned whether Southern California Edison violated government rules when it installed faulty equipment at the now-closed San Onofre nuclear power plant. The Nuclear Regulatory Commission ruling Thursday concluded the issue is no longer relevant since the coastal reactors, located between Los...

  • Judge William Orrick in San Francisco issued a temporary restraining order against the Center for Medical Progress hours after the order was requested by the National Abortion Federation. The National Abortion Federation sued in federal court in San Francisco, alleging the Center for Medical Progress infiltrated its meetings and recorded its members.

  • FRANKFURT/ SAN FRANCISCO, July 31- BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last year and senior Apple executives toured the carmaker's...

  • July 31- Electronic Arts Inc is back from the "dark side". EA said on Thursday that "extremely strong" preorders for "Star Wars: Battlefront" were behind its decision to raise its full-year revenue forecast to $4.45 billion from $4.40 billion. "is merely trying to rein in runaway expectations for Star Wars, during a highly competitive holiday window for first-person...

  • NEW YORK, July 31- A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by wireless chip developer ParkerVision Inc, allowing it to escape a $173 million verdict for infringement. The U.S. Court of Appeals for the Federal Circuit in the District of Columbia also ruled that nearly all of the patents ParkerVision...

  • US oil and natural gas rig count down 2 to 874 Friday, 31 Jul 2015 | 2:21 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.. Among major oil- and gas-producing states, New Mexico gained three rigs, Louisiana gained two and North Dakota, Ohio, Texas and Wyoming each gained one. Kansas lost four rigs, Utah declined by three, Alaska and...

  • SAN FRANCISCO— Facebook CEO Mark Zuckerberg and his pediatrician wife, Priscilla Chan, are expecting a baby. The co-founder of the world's largest social network used a Facebook post Friday to announce that Chan is pregnant with a healthy baby daughter. He didn't say when the baby is due.