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Top News & Analysis California


  • Hynix Returns to Profit, but Misses on Sales Forecast Tuesday, 29 Jan 2013 | 7:10 PM ET

    South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.

  • Stuck in Reverse, Detroit Edges Closer to Bankruptcy Tuesday, 29 Jan 2013 | 1:58 AM ET
    Bentley GT Speed Convertible

    At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.

  • BlackRock to Buy $80 Million Twitter Stake Friday, 25 Jan 2013 | 7:34 PM ET

    BlackRock has taken an $80 million stake in Twitter, a person with knowledge of the deal said. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.

  • Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.

  • Samsung Follows Apple Results With Record Profit Thursday, 24 Jan 2013 | 7:09 PM ET

    Samsung reported a record quarterly profit of $8.3 billion and kept its 2013 investment plans at the previous year's level, defying expectations.

  • California's Brown Projects a Surplus Thursday, 24 Jan 2013 | 1:26 PM ET
    California's Brown Projects a Surplus

    California's Gov. Jerry Brown says the state will not only end the fiscal year in June without a deficit, but will have a $1 billion surplus in the next year, reports CNBC's Jane Wells.

  • Tiger Woods & Phil Mickelson Agree on Tax Rate Wednesday, 23 Jan 2013 | 7:38 PM ET
    Tiger Woods & Phil Mickelson Agree on Tax Rate

    California's top tax rate is 13.3 percent, and Tiger Woods is backing up Phil Mickelson, saying he moved to Florida because of it. CNBC's Brian Shactman has the details.

  • Phil Tees Off on Taxes Tuesday, 22 Jan 2013 | 2:22 PM ET
    Phil Tees Off on Taxes

    Golf legend Phil Mickelson now owes an estimated $8.2 million in taxes under California's new 13.3 percent tax code, according to Sports Illustrated, with CNBC's Jane Wells and Robert Frank.

  • Apple Earnings Need to Overcome Technical Malaise Tuesday, 22 Jan 2013 | 9:38 AM ET
    Apple headquarters in Cupertino, California.

    Even though it is widely viewed to be undervalued Apple shareholders could still be in for more rough times if technical strategists are right.

  • Toyota Settles Acceleration Lawsuit in Crash Deaths Friday, 18 Jan 2013 | 9:26 AM ET
    A Toyota Motor Corp. Camry sedan sits on the lot of Brent Brown Toyota in Orem, Utah, U.S. on Thursday, May 7, 2009.

    Toyota Motor has settled a wrongful death lawsuit that was to go to court next month and serve as a test case for hundreds of others involving sudden acceleration.

  • 'Serial Entrepreneur' on California's Innovation Culture

    How big companies can be more innovative, with Steve Blank, Stanford Entrepreneurship Center.

  • West Coast Wrap: Live Cattle, Artichokes & More Thursday, 17 Jan 2013 | 5:45 PM ET
    West Coast Wrap: Live Cattle, Artichokes & More

    Live cattle futures fell on news of dwindling supplies, reports CNBC's Jane Wells.

  • Dunkin' Donuts Return to California a 'No Brainer:' CEO Wednesday, 16 Jan 2013 | 8:32 AM ET
    Dunkin Brands Aims for 720 New Stores Across Globe

    Dunkin' CEO Nigel Travis told CNBC Wednesday the company will be opening new franchises there in 2015.

  • Technology Is Now a Drag on US Earnings Wednesday, 16 Jan 2013 | 1:55 AM ET

    This earnings season, the U.S. technology industry is in an unusual position - dragging corporate America down, rather than lifting it up.

  • Innovative programs across the US are finding some success in reengaging high school dropouts. They strive to target 'disconnected' youths – those not in school and not working, who are a costly burden for taxpayers, the CSM reports.

  • Did California's Tax Hike Matter? Monday, 14 Jan 2013 | 7:41 PM ET
    Did California's Tax Hike Matter?

    California Gov. Jerry Brown is now saying he will have a balanced budget in 2013 after years of massive deficits, but it may be a mirage, reports CNBC's Robert Frank.

  • Bitter Cold Grips California, Damaging Citrus Crops Monday, 14 Jan 2013 | 4:35 PM ET
    Oranges sit on the ground damaged by a severe cold snap.

    A cold snap gripped the West Coast for the fifth day Monday, and some California citrus growers began to see damage.

  • Iran hostage drama "Argo" scored a sweet double victory at the Golden Globe awards on Sunday, winning best movie drama - the night's top prize - and best director for Ben Affleck on a night that left front-runner "Lincoln" with just one trophy.

  • Posh Pawn Shops Friday, 11 Jan 2013 | 2:30 PM ET
    Posh Pawn Shops

    Posh pawn shops are popping up in some of the swankiest areas of Los Angeles, reports CNBC's Jane Wells.

  • Gov. Brown: California's Budget Deficit Is Gone! Thursday, 10 Jan 2013 | 1:30 PM ET
    Jerry Brown, Governor of California

    Riding a wave of new tax revenue, California Gov. Jerry Brown on Thursday proposed a state spending plan that eliminates the deficit and provides $6.3 billion more in spending than the previous year.