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Top News & Analysis California

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  • Late-Payment Rate on US Mortgages Hits Four-Year Low Tuesday, 12 Feb 2013 | 8:12 AM ET

    Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.

  • Apple and Samsung, Frenemies for Life Sunday, 10 Feb 2013 | 9:11 AM ET
    An Apple iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone.

    Samsung starts gaining market share, hurting Apple Inc's margins and stock price and threatening its reign as the king of cool in consumer electronics.

  • Google's Schmidt to Sell Roughly 42% of Stake Saturday, 9 Feb 2013 | 7:43 AM ET
    Eric Schmidt

    Google Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search company, a move that could potentially net the former chief executive a $2.51 billion windfall.

  • Shrinking Unions See Relief in Marijuana Industry Wednesday, 6 Feb 2013 | 4:47 AM ET

    By joining a union, marijuana workers could have more sway in pressing for higher pay and benefits such as healthcare. Some legal marijuana retailers welcome the prospect of a unionized workforce - for now, at least.

  • Small Lenders Ride US Mortgage Wave Monday, 4 Feb 2013 | 2:14 AM ET

    Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.

  • Super Bowl In New Orleans Friday, 1 Feb 2013 | 7:34 PM ET
    Super Bowl In New Orleans

    This year's Super Bowl will be held at New Orleans' Mercedes-Benz Superdome, and the city has been transformed since Hurricane Katrina in 2005, reports CNBC's Brian Shactman. Mark Simone, WOR Radio Talk Show host and CNBC's Contributors Keith Boykin and James Pethokoukis, discuss the news of Dan Marino's love child.

  • Beef Price Spike Makes $1 Burger Harder to Stomach Friday, 1 Feb 2013 | 2:33 AM ET
    mcdonalds-sign-2-140.jpg

    McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.

  • The Five Highest Tax States for the Highest Earners Thursday, 31 Jan 2013 | 4:13 PM ET
    New Jersey Gov. Chris Christie struggles to balance his budget despite taxing his wealthiest citizens at one of the highest rates in the nation

    Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?

  • Apple Loses Appeals Bid for Samsung Sales Ban Thursday, 31 Jan 2013 | 2:07 PM ET
    An Apple iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone.

    A U.S. appeals court on Thursday rejected Apple request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone.

  • 'Rich Tax' Puts California on Risky Path: Expert Wednesday, 30 Jan 2013 | 12:19 PM ET
    Jerry Brown, Governor of California

    Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.

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

    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.