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Top News & Analysis California


  • Former CalPERS CEO Indicted in Fraud Scheme Monday, 18 Mar 2013 | 3:45 PM ET
    The California Public Employees' Retirement System building in Sacramento, Calif.

    A federal grand jury on Monday indicted former CalPERS CEO Frederico Buenrostro on conspiracy charges in connection with a scheme to commit fraud, according to the U.S. Department of Justice.

  • US to Bolster Defenses to Curb North Korea Threat Saturday, 16 Mar 2013 | 4:15 AM ET
    Chuck Hagel testifies before the Senate Armed Services Committee during his confirmation hearing to become the secretary of defense.

    U.S. Defense Secretary Chuck Hagel announced plans on Friday to bolster U.S. missile defenses in response to "irresponsible and reckless provocations" by North Korea, which threatened a preemptive nuclear strike against the United States last week.

  • Chinese Firm Looks to Tap US Natural Gas Market Thursday, 14 Mar 2013 | 12:26 PM ET

    One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.

  • Goodbye, Drought; Hello, Bumper Crops Wednesday, 13 Mar 2013 | 10:59 AM ET

    Improved weather is projected to result in a successful growing year, which could reduce the pressure on grain, livestock feed and consumer prices.

  • Despite Gains, Many Are Still Spending Less Tuesday, 12 Mar 2013 | 1:01 PM ET

    For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.

  • Twitter: Fertile Ground for 'Pump and Dump' Schemes Monday, 11 Mar 2013 | 2:26 AM ET

    Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife.

  • Paper Trail Goes Cold in Case Against S&P Monday, 11 Mar 2013 | 1:21 AM ET

    The U.S. government's civil fraud lawsuit against S&P relies heavily on emails in which employees voiced doubts about the integrity of the agency's ratings. But S&P may still come out on top.

  • Fugitive Hedge Fund Manager Arrested in Italy Sunday, 10 Mar 2013 | 5:36 AM ET

    German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.

  • The U.S. Federal Reserve is considering jettisoning a plan to eventually sell off the massive haul of bonds it is now buying, a politically defensive strategy that would have the added benefit of supporting the economy for years to come.

  • Apple has held talks with Beats Electronics on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation told Reuters.

  • Malibu Looks to Raise Money by Selling Its Brand Monday, 4 Mar 2013 | 2:55 PM ET
    Malibu, Calif.

    The city of Malibu, Calif. plans to raise money by licensing its image for a broad array of Malibu-branded products.

  • Yahoo said its app for Blackberry smartphones would no longer be available for download, or supported by Yahoo, as of April 1.

  • Apple's $1 Billion Award Slashed in Samsung Case Friday, 1 Mar 2013 | 8:02 PM ET

    A judge threw out part of the $1 billion verdict for Apple in its patent battle with Samsung and ordered a new trial.

  • China's Top Property Developer Vanke Posts Profit Rise Wednesday, 27 Feb 2013 | 7:03 PM ET

    China Vanke, the country's biggest real estate developer, said it's looking to extend its foreign investment drive beyond the high-end U.S. market, as Beijing weighs new measures to cool mainland property prices.

  • Shop on a Budget (And Other Personal Finance Myths) Tuesday, 26 Feb 2013 | 8:01 PM ET

    The latest research busts some everyday beliefs about handling our money that even the smartest of savers may believe.

  • US Wine Exports Hit New Record Friday, 22 Feb 2013 | 2:42 PM ET
    US Wine Exports Hit New Record

    Wine is the one thing California does right. CNBC's Jane Wells reports on new record numbers for wine exports.

  • California: Next Oil Frontier? Thursday, 21 Feb 2013 | 7:43 PM ET
    California: Next Oil Frontier?

    The Energy Department says California's Monterey Shale has 15 million barrels of retrievable oil, reports CNBC's Jane Wells; and Keith McCullough, Hedgeye Risk Management; and CNBC contributors Keith Boykin and James Pethokoukis, weigh in.

  • Looking For California's 'Black Gold' Thursday, 21 Feb 2013 | 11:13 AM ET
    Looking For California's 'Black Gold'

    If 15 billion barrels of potentially crude oil can be found beneath the earth, California could become the nation's next oil frontier, reports CNBC's Jane Wells.

  • The Two Groups Most Affected by New Mortgage Rules Friday, 15 Feb 2013 | 8:01 PM ET

    New mortgage rules from the Consumer Financial Protection Bureau will make borrowing tougher for the self-employed and home buyers seeking larger loans.

  • Foreclosures Fall Due to New Laws Thursday, 14 Feb 2013 | 10:19 AM ET

    Fewer borrowers are getting into trouble, but an enormous backlog of distress is still moving through the foreclosure system.