×

Top News & Analysis California

  • "Techstars would love to be in Canada and we expect to have something to announce in the near future," a spokeswoman said in response to queries. While Canada has a rich technology scene, it has long struggled to attract top caliber executives or provide the necessary environment to keep its highly skilled tech graduates from bolting south to California or New...

  • While supporters of the idea cast it as a way to make insurance policies more competitive, critics say it's unlikely to result in more affordable plans and could undermine stronger consumer protections in states such as California and Hawaii. And there's another complication: Trump's proposal appears unlikely to pass Congress unless Democrats cooperate.

  • *European stock markets climb, FTSE hits record high. Treasury yields rose along with the dollar and Wall Street rallied, lifting the Dow above 21,000, as investors bet on an interest rate hike and gave a sigh of relief after U.S. Financial stocks were the biggest boost for Wall Street after New York Fed President William Dudley- one of the most influential U.S....

  • "We are in a world where growth in conventional consumer packaged goods has slowed dramatically and everyone is looking for the next growth engine," Chief Executive Paddy Spence told Reuters. Zevia holds 90 percent of the natural zero-calorie soda market in the United States, according to data from a joint study by research firms SPINS and IRI last year.

  • VANDENBERG AIR FORCE BASE, Calif.— A rocket carrying a classified U.S. satellite for the National Reconnaissance Office has been launched from California. The Atlas 5 rocket lifted off at 9:49 a.m. Wednesday and roared away into a clear sky over Vandenberg Air Force Base. The launch was conducted by United Launch Alliance, a joint venture of Lockheed Martin and...

  • WASHINGTON— President Donald Trump's $1 trillion infrastructure plan will likely include private projects like pipelines that don't involve federal money but have been hindered by a lack of government permits or regulations, according to a key Republican lawmaker. Trump has repeatedly pledged, including in his speech Tuesday to Congress, to seek $1...

  • CHICAGO, March 1- McDonald's Corp later this year will give U.S. customers the opportunity to order and pay via their cell phones as it fights to win back customers lost to other fast-food rivals. McDonald's will make so-called "mobile order and pay" available at all of its roughly 14,000 U.S. restaurants, Chris Kempczinski, president of McDonald's USA, said at the...

  • NEW YORK— The Archdiocese of New York is seeking a $100 million short-term mortgage on property it owns near St. Patrick's Cathedral to fund a compensation program for victims of clergy sexual abuse. The Manhattan- based New York archdiocese— the nation's second biggest after Los Angeles— announced a program last fall to begin paying abuse victims.

  • The cuts in pay for CEO Tim Sloan, Chief Financial Officer John Shrewsberry and others were widely expected. Wells' board had already clawed back some $59 million in compensation from former CEO John Stumpf and Carrie Tolstedt, who was the head of the community banking business that was at the center of the sales scandal. The executives who saw pay cuts were Sloan,...

  • Feb 28- In formulating a new executive order limiting travel to the United States, President Donald Trump has promised to make the directive harder to fight successfully in court than the one he issued in January. More than two dozen lawsuits were filed in U.S. courts against the initial travel ban, which temporarily barred travelers from Iran, Iraq, Libya, Somalia,...

  • OAKLAND, Calif.— Judge agrees to release widow of Orlando nightclub shooter until she's tried on charges of aiding attack that killed 49..

  • When you're deep in a video game, the last thing you want to do is leave home. If only you could take the game with you for your commute to work or your bus ride to school, or to liven up your lunch hour. Nintendo's new Switch console tries to address that by letting you play it anywhere.

  • GLENDALE, Calif. _ DineEquity Inc. on Wednesday reported fourth-quarter earnings of $21.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.37 per share. DineEquity shares have dropped 22 percent since the beginning of the year.

  • Feb 28- In formulating a new executive order limiting travel to the United States, President Donald Trump has promised to make the directive harder to fight successfully in court than the one he issued in January. More than two dozen lawsuits were filed in U.S. courts against the initial travel ban, which temporarily barred travelers from Iran, Iraq, Libya, Somalia,...

  • HAYWARD, Calif. _ Impax Laboratories Inc. on Wednesday reported a fourth-quarter loss of $279.6 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. Impax Labs shares have risen 7.5 percent since the beginning of the year.

  • SOUTH SAN FRANCISCO, Calif. _ Core-Mark Holding Co. on Wednesday reported fourth-quarter profit of $18.7 million. Core-Mark expects full-year earnings in the range of $1.42 to $1.49 per share, with revenue in the range of $15.2 billion to $15.5 billion. Core-Mark shares have dropped 24 percent since the beginning of the year.

  • SAN FRANCISCO _ Pattern Energy Group Inc. on Wednesday reported fourth-quarter net income of $13.8 million. Three analysts surveyed by Zacks expected $101.4 million. Pattern Energy shares have increased 9.5 percent since the beginning of the year.

  • In the latest embarrassment to beset the ride-hailing company, CEO Travis Kalanick is seen discussing Uber's business model with the driver. In the dashcam video obtained by Bloomberg News, the driver argues that Kalanick is lowering fares and claims he lost $97,000 because of him. In it, he says he must "grow up" and apologizes to the driver, identified as Fawzi...

  • SOUTH SAN FRANCISCO, Calif. _ Portola Pharmaceuticals Inc. on Tuesday reported a loss of $53.8 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.10 per share. Portola Pharmaceuticals shares have risen 55 percent since the beginning of the year.

  • WASHINGTON, March 1- President Donald Trump and his top advisors have often scoffed at government support of green energy. But the largest U.S. government agency- the Department of Defense- plans to forge ahead under the new administration with a decade-long effort to convert its fuel-hungry operations to renewable power, senior military officials told...