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Top News & Analysis California

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  • At a Glance: Weekly change in state gas prices Monday, 8 Oct 2012 | 1:14 PM ET
  • Brown Acts to Stop Soaring Gas Prices Monday, 8 Oct 2012 | 1:12 PM ET
    Brown Acts to Stop Soaring Gas Prices

    CNBC's Jane Wells reports California's Governor Jerry Brown has ordered refiners to start selling California's winter gasoline early to boost supplies as much as 10 percent.

  • The widening outbreak has alarmed federal and state health officials and focused attention on regulation of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.

  • A worker pumps gasoline into a car.

    With the recent spike in gasoline prices bringing that commodity to the forefront of the news again, you might wonder why gasoline is priced so different in different parts of the country.

  • TEXT-Fitch affirms UnitedHealth Group ratings Monday, 8 Oct 2012 | 11:52 AM ET

    Oct 8- Fitch Ratings announced today that it is affirming UnitedHealth Group Inc.' s. The rating action follows today's announcement by UNH that it will acquire Amil Participacoes S.A., a Brazil- based managed care company in a predominately debt-financed transaction expected to be valued at approximately $4.9 billion.

  • Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.

  • Optimer selling stake in Taiwan affiliate for $60M Monday, 8 Oct 2012 | 11:29 AM ET

    SAN DIEGO-- Optimer Pharmaceuticals Inc. said Monday it is selling its remaining stake in its Taiwanese affiliate Optimer Biotechnology for $60 million. Optimer Pharmaceuticals plans to use the proceeds from the sale to fund marketing of its drug Dificid and for other general corporate purposes.

  • Oct 8- Gannett Co Inc said it reached a deal with Charles Ergen's Dish Network Corp on Monday avoiding a blackout that would have prevented some Dish customers in the United States from seeing content broadcast by networks ABC, NBC and CBS.

  • Dow Chemical component buys Cal/West seed company Monday, 8 Oct 2012 | 10:37 AM ET

    INDIANAPOLIS-- A Dow Chemical Co. business said Monday that it has bought a California seed company. Indianapolis- based Dow AgroSciences, a subsidiary of Midland, Mich.- based Dow Chemical, works on making crops more productive. Dow Chemical slipped 22 cents to $28.98, a down day for the market.

  • *Romney claws his way back after first debate* Only 2 points behind in Reuters/ Ipsos poll By Steve Holland. PORT ST. LUCIE, Fla., Oct 7- Mitt Romney appeared on Sunday to have halted his perilous slide in the polls and is back to running a close race with President Barack Obama as he prepares a new assault on the Democrat over foreign policy.

  • CareFusion agrees to buy Intermed of Brazil Monday, 8 Oct 2012 | 10:22 AM ET

    SAN DIEGO-- Medical device maker CareFusion Corp. said Monday it agreed to buy Intermed Equipamento Medico Hospitalar, a Brazilian respiratory technology company. CareFusion said Intermed designs, makes and sells ventilators and respiratory care devices used in hospitals in Brazil and Latin America.

  • The Tampa Tribune sold to private equity firm Monday, 8 Oct 2012 | 10:19 AM ET

    TAMPA, Fla.-- A private equity investment group has bought The Tampa Tribune newspaper from Media General Inc. for $9.5 million, the newspaper reported Monday.

  • Feinstein wants investigation of Calif. gas prices Monday, 8 Oct 2012 | 10:18 AM ET

    LOS ANGELES-- The statewide average price for a gallon of regular gasoline in California rose to an all-time high Monday, the third record-setting day in a row that is prompting calls for a federal investigation into the price spike.

  • Electro Rent sales hold steady, but worries lurk Monday, 8 Oct 2012 | 10:14 AM ET

    VAN NUYS, Calif.-- Electro Rent Corp., which rents and sells computers and other electronic equipment, said Monday that revenue for the fiscal first quarter held steady but net income plunged largely because last year's results included gains from buying another company.

  • Oil prices fall after warning from World Bank Monday, 8 Oct 2012 | 10:09 AM ET

    NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.

  • Soda industry: Vending machines will show calories Monday, 8 Oct 2012 | 10:08 AM ET

    "They're seeing the writing on the wall and want to say that it's corporate responsibility," said Mike Jacobson, executive director of the Center for Science in the Public Interest, which advocates for food safety and nutrition.

  • BP sells Texas City refinery to Marathon Petroleum Monday, 8 Oct 2012 | 9:31 AM ET

    NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.

  • Advocates: Cities passing rules targeting homeless Monday, 8 Oct 2012 | 8:40 AM ET

    COSTA MESA, Calif.-- Army veteran Don Matyja was getting by alright on the streets of this city tucked in Southern California suburbia until he got ticketed for smoking in the park. Matyja, who has been homeless since he was evicted nearly two years ago, had trouble paying the fine and getting to court _ and now a $25 penalty has ballooned to $600.

  • Nobel prize to Briton, Japanese for stem cell work Monday, 8 Oct 2012 | 8:37 AM ET

    STOCKHOLM-- British researcher John Gurdon and Shinya Yamanaka of Japan won this year's Nobel Prize in physiology or medicine on Monday for discovering that mature, specialized cells of the body can be reprogrammed into stem cells _ a discovery that scientists hope to turn into new treatments.

  • Presidential race rumbles into final 4 weeks Monday, 8 Oct 2012 | 8:33 AM ET

    LOS ANGELES-- Rumbling into its final four weeks, the presidential campaign is playing out on both coasts and multiple fronts, with Republican Mitt Romney seeking stature on foreign affairs and President Barack Obama raising political cash by the millions.