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Top News & Analysis California

  • MELBOURNE, Feb 27- London copper prices inched towards the key level of $6,000 a tonne on Monday, with supply concerns simmering amid production stoppages at the world's two biggest copper mines. *Shanghai Futures Exchange copper rose 0.8 percent to 48,130 yuan a tonne. *A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day on...

  • Feb 27- Gold prices held firm on Monday near 3-1/ 2- month highs hit in the previous session as investors await more clarity on President Donald Trump's economic policy. *Spot gold was little changed at $1,256.61 per ounce at 0034 GMT. The metal hit its highest since Nov. 11 at $1,260.10 in the previous session.

  • CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline rose 2 cents nationally during the past two weeks, to $2.33. Gas in Los Angeles was the highest in the contiguous United States at an average of $2.94 a gallon Friday. The lowest average was in Tulsa, Oklahoma, at $2.02 per gallon.

  • LOS ANGELES— Great reviews and buzz propelled comedian Jordan Peele's directorial debut, the micro-budget thriller "Get Out," to a chart-topping opening weekend with $30.5 million according to studio estimates Sunday. The Blumhouse-produced and Universal Pictures- distributed film cost an estimated $4.5 million to make. "Get Out" has a 100 percent rating on...

  • LOS ANGELES, Feb 26- "Get Out," a trenchant horror film about race relations, rode critical raves to a smashing box office debut. The low-budget film was the weekend's top-grossing domestic release, earning $30.5 million, and propelling its director and writer Jordan Peele onto the Hollywood A-list. "Get Out" benefited from being embraced by reviewers, earning a rare...

  • SAN FRANCISCO— Country singer Willie Nelson, the children of the late reggae icon Bob Marley and comedian Whoopi Goldberg are just a few of the growing number of celebrities publicly jumping into the marijuana industry and eyeing the California pot market, which is expected to explode after voters legalized the recreational use of weed.

  • WASHINGTON— A draft Republican bill replacing President Barack Obama's health care law would end its Medicaid expansion, scrap fines on people not buying insurance and eliminate taxes on the medical industry and higher earners. The 105- page measure largely tracks talking points that House Speaker Paul Ryan, R- Wis., unveiled last summer and a similar outline...

  • NEW YORK, Feb 24- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10- year U.S. Yields fell as low as 2.313 percent, the lowest since Jan. 17. Gundlach, who oversees $101 billion, first introduced his view on the 10- year yield's bottom in January.

  • 8 x8 shares rose as much as 14 percent on the news and ended trading up 10 percent at $16.15 in New York on Friday, giving the company a market capitalization of close to $1.5 billion. Based in San Jose, California, 8 x8 competes with companies in the so-called voice over internet protocol sector, including RingCentral Inc, Vonage Holdings Corp and Shoretel Inc..

  • Houston oilfield services company Baker Hughes Inc. said Friday that 602 rigs sought oil and 151 explored for natural gas this week. Alaska and Louisiana each lost two rigs and North Dakota declined by one. Arkansas, California, Colorado, Kansas, New Mexico, Ohio, Oklahoma, Pennsylvania, Utah and West Virginia were all unchanged.

  • SAN DIEGO— U.S. Customs and Border Protection said Friday that it plans to start awarding contracts by mid-April for President Donald Trump's proposed border wall with Mexico, signaling that he is aggressively pursuing plans to erect "a great wall" along the 2,000- mile border. Homeland Security Secretary John Kelly has sought employees' opinions during...

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd said it would buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C $3.10 billion, the biggest deal yet in a fast-consolidating earth-imaging satellite market. DigitalGlobe's satellites supply high-resolution images to its customers such as the U.S. Department of Defense and...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • *Stores being closed account for less than 5 pct of annual sales. *Q4 comp sales drop 0.7 pct vs est -0.5 pct. Feb 24- Department store operator J.C.

  • SAN FRANCISCO— Jeff Regan was born with underdeveloped optic nerves and had spent most of his life in a blur. Then four years ago, he donned an unwieldy headset made by a Toronto company called eSight. "These glasses have made my life so much better," said Regan, 48, a Canadian engineer who lives in London, Ontario.

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month.

  • CHARLESTON, W.Va.— A federal appeals court has refused to rehear the case of former Massey Energy CEO Don Blankenship in the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals handed down the order Friday. The 66- year-old Blankenship is scheduled for release May 10 from a California federal prison where he's serving a one-year...

  • LOS ANGELES _ Ares Management LP on Friday reported fourth-quarter net income of $34 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Ares Management shares have increased 20 percent since the beginning of the year.

  • LOS ANGELES— Ellen DeGeneres has handed out college scholarships to the entire senior class of a New York City charter school. DeGeneres surprised the 41 students from Brooklyn's Summit Academy this week at her California studio during the taping of Thursday's episode of her chat show. The four-year scholarships paid for by Wal-Mart will cover tuition for...

  • MOUNTAIN VIEW, Calif. _ EHealth Inc. on Friday reported a loss of $16.7 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 81 cents per share. EHealth expects full-year results to range from a loss of $1.59 per share to a loss of $1.49 per share, with revenue in the range of $165 million to $175...