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Top News & Analysis California

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  • Aug 31- Iphone maker Apple Inc is looking to move into the original programming business to compete with video streaming companies such as Netflix Inc, Variety reported on Monday. Apple, which aims to begin offering the service next year, has held preliminary talks with executives from Hollywood in recent weeks to gauge their interest in spearheading efforts...

  • "We're taking more time than we originally envisioned, but I don't think any one of our customers wants us to race to the cliff and fail again," SpaceX President Gwynne Shotwell said at a webcast panel discussion at the AIAA Space 2015 conference in Pasadena, California. The accident, along with the failed Oct. 28 launch of an Orbital ATK Antares rocket, has left NASA...

  • *S&P 500 posts biggest monthly percentage drop since May 2012. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummeled in the past two weeks on concerns about slowing growth in China. "If they move in September, it's going to cast a lot of doubt about where they will stop," said Stephen Massocca, chief investment officer at...

  • Aug 31- Chipotle Mexican Grill Inc's new GMO-free menu claims have lured diners and boosted the burrito chain's stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to use only ingredients that are...

  • SAN FRANCISCO— A lengthy investigation into whether Google has been abusing its dominance of Internet search to stifle competition in India is moving into its next phase. The allegations are similar to other accusations of illegal self-promotion in the U.S., Europe and other parts of the world. The Mountain View, California, company is already facing...

  • Aug 31- Wall Street ended lower on Monday and wrapped up its worst month since 2012 after a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest...

  • NEW YORK, Aug 31- A college librarian in Kentucky has found the 19th- century manuscript of a musical number that gave rise to one of the most widely performed songs in the world, "Happy Birthday to You," University of Louisville officials said on Monday. The discovery will likely intensify interest in a high-profile U.S. court case over whether Warner Music Group has...

  • PLEASANTON, Calif. _ Adept Technology Inc. on Monday reported a loss of $1.4 million in its fiscal fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Adept Technology shares have dropped 17 percent since the beginning of the year.

  • SAN FRANCISCO— Apple is leaning on Cisco Systems' Internet networking expertise in its latest attempt to sell more iPhones and iPads to corporate customers. The alliance announced Monday calls for Cisco to ensure that corporate Internet connections relying on its gear deliver content quickly and securely to iPhones and iPads. Cisco will also help Apple...

  • Aug 31- Wall Street was lower on Monday afternoon as investors worried that the Federal Reserve may start raising interest rates in September, although a rally in oil boosted energy stocks. The market was poised for its worst monthly drop over three years after being pummeled in the past two weeks due to worries about the health of China's economy and the timing...

  • BOSTON— Boston's mayor and City Council are again looking for pay raises that could make them among the best compensated of comparable cities across the country. Mayor Marty Walsh filed a proposal Monday giving his office a $24,000 raise to $199,000 a year. Not to be outdone, City Council President Bill Linehan proposed to boost pay on the 13- member panel by...

  • Aug 31- Asterias Biotherapeutics Inc said initial data from a small study showed that its lead stem cell therapy could improve mobility in patients paralyzed by a spinal cord injury. Shares of BioTime Inc, a company that owns nearly 70 percent of Asterias, were little changed at $3.07. Asterias bought OPC-1 in 2013 from the erstwhile stem cell research leader...

  • SAN FRANCISCO— Google is introducing an application that will connect Android smartwatches with Apple's iPhone, escalating the rivals' battle to strap their technology on people's wrists. Google expects the prices of Android watches compatible with the iPhone to range from $100 to $400. Apple, which has a long history of demanding premium prices for its...

  • The cable network Epix jumped from Netflix to Hulu, landing a multiyear, digital subscription video on demand deal with the streaming service. Netflix plans to improve its lineup through original films and licensing arrangements with movie studios, Chief Content Officer Ted Sarandos wrote in a blog post. He said that many of the movies Netflix received...

  • SAN FRANCISCO, Aug 31- The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture...

  • Aug 31- As a marriage counselor years ago, Neil Clark Warren saw first-hand how incompatibility led to unhappy matches. The market is dominated by Barry Diller's IAC/InterActiveCorp, owner of Match.com as well as other sites for the lovelorn. Los Angeles- based EHarmony plans to launch its recruitment service- Elevated Careers- in 2016, and expects the business...

  • SAN FRANCISCO, Aug 31- The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already worth more than they're likely to be valued once they finally go public. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture...

  • NEW YORK— The Christian drama " War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta Compton" keeps chugging along. The late August weekend held scant competition for "Straight Outta Compton," but " War Room" nearly matched it. "War Room" is about an African-American...

  • LOS ANGELES, Aug. 30- The box office underwent a religious conversion this weekend as Christian crowds flocked to " War Room," lifting the low-budget salute to prayer above the Zac Efron drama "We're You're Friends" and the Owen Wilson thriller "No Escape." Filmed for a mere $3 million and distributed by Sony's Affirm division, " War Room" more than tripled its production...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...