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Top News & Analysis California

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  • Oct 25- The New York Times Co posted worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending its shares down 22 percent.

  • San Francisco's Hot Property Sector Thursday, 25 Oct 2012 | 7:40 PM ET
    San Francisco's Hot Property Sector

    Tim Murphy, MD, IP Global says that real estate stock levels in San Francisco is really low, making the city a great place to invest.

  • Yahoo CEO Mayer buys mobile start-up Thursday, 25 Oct 2012 | 6:55 PM ET

    SAN FRANCISCO, Oct 25- Yahoo Inc said on Thursday it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology.

  • *Stronger than expected UK growth supports risk-on trade. *Treasury sells $29 billion in seven-year notes. ``Today's auction was pretty lackluster,'' said Kim Rupert, managing director of global fixed income analysis at Action Economics in San Francisco.

  • KLA-Tencor 1st quarter net income declines Thursday, 25 Oct 2012 | 6:33 PM ET

    MILPITAS, Calif.-- KLA-Tencor, which makes equipment for manufacturing semiconductors, said Thursday that its fiscal first-quarter net income fell 30 percent, hurt by weak demand across its industry. Net income for the three months ended Sept. 30 fell 30 percent to $135.4 million, or 80 cents per share.

  • PC makers Hewlett-Packard and Dell, at a glance Thursday, 25 Oct 2012 | 6:25 PM ET

    Personal computer makers Hewlett-Packard and Dell are having a tough year. President and CEO: Meg Whitman. Source: Google Finance, Morningstar, company websites.

  • Boeing acquires software company Miro Technologies Thursday, 25 Oct 2012 | 6:19 PM ET

    NEW YORK-- Boeing said Thursday that it has acquired Miro Technologies, a privately held company that specializes in software to help manage logistical services. Miro will become part of the Global Services& Support business that falls under Boeing Defense, Space& Security, which is a unit of The Boeing Co. Financial terms of the acquisition were not disclosed.

  • Varian Medical shares rise on positive 3Q earnings Thursday, 25 Oct 2012 | 6:11 PM ET

    PALO ALTO, Calif.-- Shares of Varian Medical Systems Inc. jumped 13 percent in afterhours trading Thursday after the company reported a 20 percent rise in its fourth-quarter profit fueled by higher device sales. Varian reported net income of $120.2 million, or $1.08 per share, up from $101 million, or 87 cents per share, in the prior year period.

  • Chief Executive Officer Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in the company's home state of California. The stock is down 13 percent so far in 2012, while Exxon Mobil Corp and Chevron Corp are up for that period.

  • CORRECTED-UPDATE 3-NY Times misses revs view Thursday, 25 Oct 2012 | 5:58 PM ET

    Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.

  • IPC The Hospitalist 3Q earns up, but guides lower Thursday, 25 Oct 2012 | 5:50 PM ET

    NORTH HOLLYWOOD, Calif.-- IPC The Hospitalist Company Inc. said Thursday that its net income rose 21 percent in the third quarter as it added more providers. Earnings in the July-September quarter came to $7.8 million, or 46 cents per share, from $6.5 million, or 38 cents per share, in the same quarter a year ago.

  • Synaptics 1Q net plunges Thursday, 25 Oct 2012 | 5:46 PM ET

    SANTA CLARA, Calif.-- Touch-screen maker Synaptics Inc. said Thursday that its fiscal first-quarter net income fell by more than half on weak sales of screens for desktop computers.

  • *McKesson reports Q2 adj EPS $1.92 vs est $1.78. Oct 25- U.S. drug wholesaler McKesson Corp struck a deal to buy medical products distributor PSS World Medical for $1.46 billion to boost scale and margins in its surgical devices supply business as medical procedure volumes fall.

  • Ugg-ly holiday season outlook from Deckers Thursday, 25 Oct 2012 | 5:33 PM ET

    GOLETA, Calif.-- Shoppers are tugging off their Uggs, and the maker of the sheepskin boots said Thursday that profit fell 31 percent in its most recent quarter, and slashed its outlook for the end of the year. The warning from Deckers Outdoor Corp., which also sells Teva shoes and sandals, comes just as the all-important holiday season kicks off.

  • BJ's Restaurants' 3Q net income up on higher sales Thursday, 25 Oct 2012 | 5:30 PM ET

    HUNTINGTON BEACH, Calif.-- BJ's Restaurants Inc. said Thursday that its net income rose 8 percent in the third quarter on strengthening sales. The restaurant chain reported net income of $6.84 million, or 24 cents per share, for the quarter that ended Oct. 2. That compares with net income of $6.34 million, or 22 cents per share, in the same period last year.

  • Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.

  • BioMarin narrows 3Q loss, drug sales climb Thursday, 25 Oct 2012 | 4:58 PM ET

    NOVATO, Calif.-- BioMarin Pharmaceutical Inc.' s third quarter loss narrowed, as sales jumped for two of the pharmaceutical company's drugs. The Novato, Calif., company said Thursday after the stock market closed that it lost $5.4 million, or 4 cents per share, in the three months that ended Sept. 30.

  • Diamond Foods to restate more financial results Thursday, 25 Oct 2012 | 4:51 PM ET

    SAN FRANCISCO-- Diamond Foods Inc. said Thursday that it will restate two additional quarters of financial data as the snack food company tries to clean up the fallout from its improper accounting of payments to walnut growers.

  • 25 arrested in 5 states in NY Web gambling probe Thursday, 25 Oct 2012 | 4:40 PM ET

    People were arrested in five states Wednesday as part of a sweeping investigation aimed at bookmakers and money couriers connected to Internet and phone gambling, including men who prosecutors identified as owners of the online gambling site Pinnacle Sports.

  • Regulators vote for financial probe of San Onofre Thursday, 25 Oct 2012 | 4:22 PM ET

    IRVINE, Calif.-- The California Public Utilities Commission on Thursday opened an investigation into the damaged San Onofre nuclear power plant to determine whether ratepayers should bear costs tied to the facility that has been shut down most of the year.