Top News & Analysis California


  • LOS ANGELES, Oct 10- A California man linked to an anti-Islam film that stoked violent protests in the Muslim world denied on Wednesday that he had violated his probation on a bank fraud conviction, and he was sent back to jail until his case can be heard on its merits.

  • SAN FRANCISCO, Oct 10- Inc got approval from the U.S. Federal Communications Commission to sell its high-end Kindle Fire 4 G tablets, a company spokeswoman said on Wednesday. Amazon unveiled the new tablets last month, but the devices had not yet secured FCC clearance.

  • Multi-day pass rentals headache for Disneyland Wednesday, 10 Oct 2012 | 7:07 PM ET

    ANAHEIM, Calif.-- An increasing number of tourists are finding a way to save $40 or more on day passes to California's Disney theme parks by "renting" one day of a multi-day park hopper pass _ and the practice is giving Disneyland a run for its money.

  • Lenovo knocks HP off top of global PC market -Gartner Wednesday, 10 Oct 2012 | 7:04 PM ET

    SAN FRANCISCO, Oct 10- China's Lenovo Group Ltd. to become the world's No. 1 PC maker in the third quarter, according to new data released by research house Gartner on Wednesday. A rival to Gartner, IDC, still ranks HP in the lead-- but by less than half a percentage point-- in terms of PC shipments worldwide.

  • SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.

  • UPDATE 2-U.S. sets final duties on Chinese solar panels Wednesday, 10 Oct 2012 | 6:19 PM ET

    *U.S. says China was dumping solar products. WASHINGTON, Oct 10- The United States on Wednesday set steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.

  • California gas prices drop by a half-penny Wednesday, 10 Oct 2012 | 6:09 PM ET

    LOS ANGELES-- California gas prices dipped a half-penny Wednesday, the first drop after a week that saw prices surge a record 50 cents. Gas prices rose more than 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to a record $4.671, the largest one-week price spike in California history, AAA spokesman Avery Ash said.

  • WASHINGTON, Oct 10- The head of the Federal Trade Commission said his agency is "keenly aware" of record-high gas prices in California, and will not hesitate to pursue any violations of antitrust and anti-manipulation laws. Prices surged more than 50 cents a gallon last week and wholesale premiums rose nearly a dollar after refinery mishaps pinched supplies.

  • A look at Toyota's safety struggles Wednesday, 10 Oct 2012 | 5:32 PM ET

    Toyota is recalling 7.43 million vehicles worldwide to fix faulty power-window switches. Here is a timeline of the earlier safety woes at Toyota:. _ Oct. 5, 2009: Toyota recalls 3.8 million Toyota and Lexus vehicles in the U.S. because floor mats could catch the gas pedal.

  • LOS ANGELES, Oct 10- A California man linked to an anti-Islam film that stoked violent protests in the Muslim world denied on Wednesday he had violated his probation on a fraud conviction, and was sent back to jail until his case can be heard on its merits.

  • US affirms steep tariffs on China solar panels Wednesday, 10 Oct 2012 | 5:11 PM ET

    In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."

  • Oct 10- Fitch Ratings has affirmed BancWest Corporation's Long-term Issuer Default Rating at' A'. Fitch has also affirmed the ratings of the subsidiary banks, Bank of the West and First Hawaiian Bank. Today's rating action on BWE was taken in conjunction with Fitch's Global Trading and Universal Bank review.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • For small business, hiring depends on the industry Wednesday, 10 Oct 2012 | 4:55 PM ET

    NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.

  • California gas prices drop by half a penny Wednesday, 10 Oct 2012 | 4:22 PM ET

    LOS ANGELES-- California gas prices dipped half a penny Wednesday, leaving experts split on where they will go next. Gas prices went up 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to $4.668, the largest one-week price spike in California history, said AAA spokesman Avery Ash.

  • BRIEF-Ellie Mae and DocMagic settle lawsuit Wednesday, 10 Oct 2012 | 4:13 PM ET

    Oct 10- Ellie Mae Inc:. *Ellie Mae and DocMagic announce settlement of lawsuit. court for district of northern California.

  • By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.

  • By Tim McLaughlin and Toni Clarke and Aaron Pressman. BOSTON, Oct 10- Ameridose LLC, a private company that mixes drugs for hospitals nationwide, sought on Wednesday to distance itself from the firm at the center of a deadly U.S. outbreak of fungal meningitis, even though the two pharmacies have common owners.

  • LOS ANGELES, Oct 10- CBS on Wednesday axed its new legal drama "Made in Jersey" after just two episodes, in the first cancellation of the new U.S. television season. But poor reviews and lower audiences for the second episode caused CBS to pull the new show from its schedule. CBS, owned by CBS Corp, has long been the most-watched of the four leading U.S.

  • Sector Snap: Life science stocks trade lower Wednesday, 10 Oct 2012 | 3:30 PM ET

    Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.