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Top News & Analysis California


  • WRAPUP 2-US jobless rate tumbles to near 4-year low Friday, 5 Oct 2012 | 8:31 AM ET

    *Report is second last before Nov. 6 elections. WASHINGTON, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.

  • Wet Seal chairman, 3 board members step down Friday, 5 Oct 2012 | 8:29 AM ET

    FOOTHILL RANCH, Calif.-- In a win for The Clinton Group, the chairman of Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the activist investor group unhappy with the struggling teen retailer's performance. Wet Seal Inc., based in Foothill Ranch, Calif., and The Clinton Group have been in a proxy fight.

  • Oct 5- Clothing retailer Wet Seal Inc replaced four of its board members with Clinton Group nominees, ending months of attempts by the activist investor to take control of the board. Under the new team, Wet Seal has been trying to return to a fast-fashion model by maintaining light inventories to respond faster to new styles and trends.

  • Oct 5- Struggling clothing retailer Wet Seal Inc. Clinton, which holds about 7 percent of the company, has argued that Wet Seal's management has made several mistakes in running the company, resulting in poor performance over the last five years. Shares of the Foothill Ranch, California based company closed at $3.14 on the Nasdaq on Thursday.

  • Lionsgate promotes Goldsmith to co-COO Friday, 5 Oct 2012 | 7:03 AM ET

    SANTA MONICA, Calif.-- Lionsgate has promoted Brian Goldsmith to co-chief operating officer. He will serve as co-COO with Steve Beeks and will report to CEO Jon Feltheimer. Lions Gate Entertainment Corp. has headquarters in Santa Monica, California, but is based in Vancouver, British Columbia.

  • Ahead of the Bell: Zynga Friday, 5 Oct 2012 | 6:50 AM ET

    NEW YORK-- Shares of Zynga tumbled in premarket trading on Friday as the online game maker said that it expects a third-quarter loss due to weak demand for some of its titles. Zynga Inc. anticipates a third-quarter loss of 12 to 14 cents per share. Brian Pitz of Jefferies lowered Zynga's price target to $2.50 from $3 and maintained a "Hold" rating.

  • Gay characters at record high on U.S. television Friday, 5 Oct 2012 | 6:01 AM ET

    LOS ANGELES, Oct 5- New shows "The New Normal," "Girls" and comedy "Go On" have helped U.S. television rack up a record number of gay, bisexual and transgender characters, gay rights group GLAAD said on Friday.

  • Bond films turn 50 with Adele song and documentary Friday, 5 Oct 2012 | 5:34 AM ET

    LONDON, Oct 5- The James Bond film franchise turns 50 on Friday with the release of a revealing new documentary about its turbulent past and the first listen of the new theme tune performed by Adele.

  • WASHINGTON, Oct 5- Fears of government austerity likely kept U.S. job gains modest and the unemployment rate elevated in September, an outcome that could weigh on President Barack Obama's re-election bid.

  • NEW YORK, Oct 5- As the calendar page flips to October, we are fully and unquestionably into autumn.

  • News Summary: Calif. gas prices jump by 20 cents Friday, 5 Oct 2012 | 12:42 AM ET

    CALIFORNIA CRUNCH: Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon. SUPPLIES DRY UP: In many areas, prices have jumped 40 cents in a week as refinery problems have created shortages and helped send wholesale prices soaring.

  • Facebook's head of communications to leave company Friday, 5 Oct 2012 | 12:36 AM ET

    SAN FRANCISCO, Oct 5- Joe Lockhart, Facebook Inc's head of global communications and a former press secretary for President Bill Clinton, is leaving the social networking company, Facebook said.

  • Jobs report gives Obama much-needed boost Friday, 5 Oct 2012 | 12:29 AM ET

    FAIRFAX, Va.-- President Barack Obama celebrated much-needed good economic news Friday as the unemployment rate dropped to its lowest level since he took office. " Republican rival Mitt Romney retorted the president still hasn't done enough to help millions of people who are out of work.

  • Peyton Manning's wife joining Grizzlies' group Friday, 5 Oct 2012 | 12:05 AM ET

    Manning and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple of Memphis businessmen, the person told The Associated Press on Thursday on condition of anonymity because Pera's purchase of the Grizzlies is pending approval by the NBA.

  • BRIEF-3M says sues RMO for patent infringement Thursday, 4 Oct 2012 | 11:33 PM ET

    Oct 4- 3 M Co:. *Says 3 M unitek and 3 M innovative properties have filed a lawsuit against rmo. orthodontic braces in Los Angeles.

  • Oct 4- Dish Network Corp said the broadcasting arm of newspaper publisher Gannett Co Inc has threatened to withdraw broadcasting on the satellite TV provider if it does not block the commercial-skipping feature on its digital video recorders or agree to pay massive penalties.

  • Tax group sues to block Calif. firefighting fee Thursday, 4 Oct 2012 | 9:41 PM ET

    The lawsuit, filed in Sacramento County Superior Court, claims that the $150 annual fee being assessed on 825,000 rural properties is actually an illegal tax that required a two-thirds vote of the Legislature rather than the simple majority vote it received in 2011. Targeted property owners began receiving the tax bills in August.

  • Jay-Z to stream concert on his new YouTube channel Thursday, 4 Oct 2012 | 9:31 PM ET

    NEW YORK-- Jay-Z is live-streaming the last of his eight concerts at New York City's Barclays Center for the launch of his new YouTube channel. The rapper announced Thursday his performance at the new Brooklyn sports arena will be live-streamed on Saturday at 9:30 p.m. Eastern time.

  • The outbreak was first reported in Tennessee, where three people have died and 25 of the cases have been reported. "We do know there were over 700 patients in Tennessee who were exposed," said Dr.

  • Correction: Bond at 50-Franchise story Thursday, 4 Oct 2012 | 8:24 PM ET

    LOS ANGELES-- In an Oct. 3 story about the James Bond franchise, The Associated Press erroneously reported that all of MGM's owners booked a loss on $5 billion in loans to the studio backing the franchise. In fact, whether the owners gain or lose in the deal will depend on how much they can reap from their ownership stakes and for how much they obtain the bonds.