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Top News & Analysis California

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  • Calif. refinery back online amid soaring prices Friday, 5 Oct 2012 | 3:24 PM ET

    LOS ANGELES-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • Ruckus Wireless files for IPO of up to $100mln Friday, 5 Oct 2012 | 3:16 PM ET

    *Goldman Sachs, Morgan Stanley, Deutsche Bank Securities are lead underwriters. Goldman Sachs& Co, Morgan Stanley and Deutsche Bank Securities are the lead underwriters to the offering, the company said in a filing with the U.S. Securities and Exchange Commission.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • SAN FRANCISCO, Oct 5- Consumer Reports, the influential reviewers' group that blasted the iPhone 4 for a faulty antenna, on Friday gave Apple Inc's latest smartphone a thumbs-up despite echoing widespread complaints about its patchy mapping service.

  • Giants, 49ers, yachts, fests: SF braces for crowds Friday, 5 Oct 2012 | 2:59 PM ET

    SAN FRANCISCO-- An unusual convergence of sporting and entertainment events in San Francisco this weekend promises to bring up to a million extra people into the densely populated bayside city.

  • Informatica edges higher following Thursday plunge Friday, 5 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • THE RACE: Jobs news may help Obama regain footing Friday, 5 Oct 2012 | 2:28 PM ET

    And the 7.8 percent September unemployment rate, down from 8.1 percent in August, was clearly welcome to President Barack Obama. That was so for both Presidents Franklin D. Roosevelt and Ronald Reagan. For Reagan, unemployment peaked at 10.8 percent in November and December 1982.

  • NASHVILLE, Tenn., Oct 5- Tennessee confirmed on Friday four more cases of rare fungal meningitis, as health officials in 23 states scrambled to notify thousands of patients who received steroid injections linked to an outbreak that has killed five people. Three of the dead were in Tennessee, where the outbreak began, and one each in Virginia and Maryland.

  • By Braden Reddall and Nichola Groom. SAN FRANCISCO/ LOS ANGELES, Oct 5- Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon. "It's insane," said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. "

  • *More than 137,000 temp jobs have been added in 2012. Oct 5- Businesses wary about the U.S. presidential election and the outlook for fiscal policy will probably hire temporary workers in the fourth quarter rather than full timers, a view that lifted staffing company shares on Friday.

  • Calif. jump pushes gas prices over Hawaii's Friday, 5 Oct 2012 | 1:43 PM ET

    HONOLULU-- A 20- cent jump overnight in California gas prices has put the state ahead of Hawaii for the nation's most expensive gas. In California, prices have jumped 40 cents in a week as refinery problems created shortages.

  • US drops 11 to 1,837 rigs exploring for oil, gas Friday, 5 Oct 2012 | 1:34 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.

  • *Dish says Gannett wants it to shut down Hopper DVR. *Gannett source says it never asked Dish to disable Hopper. Oct 5- Gannett Co Inc and the Dish Network Corp are sparring over fees that could leave Dish customers blacked out from major networks on Sunday in a fight the No. 2 satellite TV provider said involves its controversial DVR, the Hopper.

  • Hitachi subsidiary to bring jobs to Colorado Friday, 5 Oct 2012 | 1:25 PM ET

    DENVER-- A subsidiary of Hitachi Ltd. will open a research and development center in suburban Denver in a move expected to create hundreds of new jobs during the next five years, it was announced Friday.

  • Tessera board gives CEO incentive for spin-off Friday, 5 Oct 2012 | 1:04 PM ET

    SAN JOSE, Calif.-- Tessera Technologies Inc., which licenses miniaturization technology for electronic devices, says that it will give its CEO options to buy 550,000 shares of its stock if the company successfully spins off one of its business segments.

  • SAN FRANCISCO, Oct 5- California gas prices rose 17 cents a gallon overnight due to supply disruptions at some refineries and seasonally low inventories, bringing the one-week increase in the Golden State to nearly 36 cents. The average retail price of gasoline was $4.486 on Friday morning, up from $4.315 on Thursday and $4.131 a week ago, according to AAA data.

  • Salmonella confirmed in peanut butter plant Friday, 5 Oct 2012 | 11:44 AM ET

    WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.

  • CHICAGO, Oct 5- Ed Zwirner and his wife, Alison Loeppert, recently bought an historic house in the Chicago suburbs without brokers' fees, tight moving deadlines, undetected defects or other stresses that accompany one of life's biggest purchases. "It was the perfect solution for them and us," said Loeppert's mother, Alice Loeppert. "

  • PriceSmart says key revenue figure rose 10 percent Friday, 5 Oct 2012 | 10:55 AM ET

    SAN DIEGO-- PriceSmart Inc. said Monday that a key revenue measurement grew 10 percent in September. The company has five warehouse clubs in Costa Rica, four in Panama, four in Trinidad, and others in Guatemala, the Dominican Republic, El Salvador, Honduras, Aruba, Barbados, Colombia, Jamaica, Nicaragua, and the U.S. Virgin Islands.

  • California Short on Gas? Friday, 5 Oct 2012 | 10:51 AM ET
    California Short on Gas?

    Car-loving Californians might soon find out the state is running a little short on gas due to refinery issues throughout the state, reports CNBC's Jane Wells.