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Top News & Analysis California

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  • *Fed's Lockhart renews expectations for Sept. rate hike. NEW YORK, Aug 4- U.S. Atlanta Fed President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal.

  • LOS ANGELES, Aug 4- Call it the rise of the "Breakfastarians"- the dining tribe that craves breakfast food morning, noon and night. It has prompted companies from fast-food leader McDonald's Corp to North Carolina- based buffet chain Golden Corral to experiment with all-day breakfast. They are joining chains like Denny's Corp, IHOP, Jack in the Box and Sonic Corp,...

  • NEW YORK, Aug 4- Dan Ivascyn, who succeeded Bill Gross as Pimco's new chief investment officer nearly a year ago, acknowledges that life at the firm is now "less glamorous." Since Gross' shocking exit from Pacific Investment Management Co last September, the firm he had helped launch and had built into a $2 trillion investment powerhouse has suffered big outflows of...

  • NEW YORK, Aug 4- Connor Murphy, 23, owns a fresh produce company and is about to lease a 2015 Mercedes C-Class. The cost to buy the same car: $38,500 or about $627 per month. Twenty-five-year-old Sharif Alkatib, an engineer in Los Angeles, California, also prefers leasing over buying for the lower payments.

  • WOODLAND HILLS, Calif. _ Health Net Inc. on Tuesday reported second-quarter earnings of $58.4 million. Health Net expects full-year earnings in the range of $3.25 to $3.35 per share, with revenue expected to be $16.7 billion. Health Net shares have climbed 27 percent since the beginning of the year.

  • CARLSBAD, Calif. _ Isis Pharmaceuticals Inc. on Tuesday reported second-quarter net income of $35.6 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Five analysts surveyed by Zacks expected $125.9 million.

  • SAN DIEGO _ Sempra Energy on Tuesday reported second-quarter profit of $295 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MENLO PARK, Calif. _ Versartis Inc. on Tuesday reported a loss of $19.7 million in its second quarter. On a per-share basis, the Menlo Park, California- based company said it had a loss of 67 cents. Versartis shares have decreased 19 percent since the beginning of the year.

  • IRVINE, Calif. _ HCP Inc. on Tuesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Irvine, California, said it had funds from operations of $365 million, or 79 cents per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 76 cents...

  • SAN DIEGO _ Bridgepoint Education Inc. on Tuesday reported a second-quarter loss of $650,000, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CorVel posts 1Q profit 10 Hours Ago

    IRVINE, Calif. _ CorVel Corp. on Tuesday reported fiscal first-quarter earnings of $6.9 million. The Irvine, California- based company said it had profit of 34 cents per share. CorVel shares have dropped 15 percent since the beginning of the year.

  • SEOUL, Aug 4- For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market. The coming years are set to be more sombre for the South Korean tech giant, as it is forced to slash prices and accept lower margins at its mobile division in order to see off...

  • Aug 3- Solar and wind energy in the United States is likely to have a secure future thanks to President Barack Obama's plan to cut carbon emissions by forcing utilities to use renewable sources to produce electricity, the industry said on Monday. "The manufacturers will keep investing if we can look forward and say over the next five-plus years we're going to see...

  • TriNet reports 2Q loss 21 Hours Ago

    SAN LEANDRO, Calif. _ TriNet Group Inc. on Monday reported a second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. TriNet shares have dropped 15 percent since the beginning of the year.

  • SANTA MONICA, Calif. _ Anworth Mortgage Asset Corp. on Monday reported second-quarter earnings of $19.9 million. The Santa Monica, California- based company said it had net income of 17 cents per share. Keywords: Anworth Mortgage Asset, Earnings Report.

  • Durect reports 2Q loss 21 Hours Ago

    CUPERTINO, Calif. _ Durect Corp. on Monday reported a loss of $5.5 million in its second quarter. The Cupertino, California- based company said it had a loss of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN JOSE, Calif. _ Tessera Technologies Inc. on Monday reported second-quarter net income of $26.1 million. The San Jose, California- based company said it had profit of 49 cents per share. For the current quarter ending in September, Tessera expects its per-share earnings to range from 55 cents to 57 cents.

  • NOVATO, Calif. _ Hennessy Advisors Inc. on Monday reported fiscal third-quarter net income of $3.3 million. Hennessy Advisors shares have dropped 9 percent since the beginning of the year. Keywords: Hennessy Advisors, Earnings Report.

  • FOSTER CITY, Calif. _ QuinStreet Inc. on Monday reported a loss of $5 million in its fiscal fourth quarter. On a per-share basis, the Foster City, California- based company said it had a loss of 11 cents. QuinStreet shares have decreased 3.5 percent since the beginning of the year.

  • Chegg reports 2Q loss 22 Hours Ago

    SANTA CLARA, Calif. _ Chegg Inc. on Monday reported a loss of $10.1 million in its second quarter. For the current quarter ending in September, Chegg said it expects revenue in the range of $74 million to $80 million. Chegg shares have climbed 24 percent since the beginning of the year.