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Top News & Analysis California

  • 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...

  • Although there is little movement on Capitol Hill to make Trump's infrastructure vow a reality, governors have sent the White House a list of 428 projects they say are ready to go with some extra federal spending. Democratic California Governor Jerry Brown has asked for $120 billion, saying that since the state made up 12 percent of the U.S. economy it deserves 12...

  • CORTE MADERA, Calif. _ Restoration Hardware Holdings Inc. on Thursday reported fiscal fourth-quarter net income of $8.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Restoration Hardware shares have dropped 18 percent since the beginning of the year.

  • HONG KONG— A Chinese wire and cable maker is buying independent studio Millennium Films, which produced "Rambo" and "The Expendables." Recon Holding said Thursday it is taking a 51 percent stake in Millennium for $100 million. The company, based in Yixing near Shanghai, is controlled by Tony Xia.

  • HERCULES, Calif. _ Bio-Rad Laboratories Inc. on Thursday reported a fourth-quarter loss of $20.6 million, after reporting a profit in the same period a year earlier. Bio-Rad shares have increased slightly more than 5 percent since the beginning of the year. Keywords: Bio-Rad Laboratories, Earnings Report.

  • SAN DIEGO _ La Jolla Pharmaceutical Co. on Thursday reported a loss of $24.9 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.22 per share. La Jolla Pharmaceutical shares have climbed nearly 4 percent since the beginning of the year.

  • SAN FRANCISCO, Feb 23- Alphabet Inc's Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology. "Uber's LiDAR technology is actually Waymo's LiDAR technology," said Waymo's complaint in the Northern District of California.