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Top News & Analysis California

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  • California's Fourth Muni Bankruptcy Wednesday, 3 Oct 2012 | 11:45 AM ET
    California's Fourth Muni Bankruptcy

    A fiscal emergency is considered the first step towards Chapter 9, said CNBC's Jane Wells, reporting on whether Atwater, California will become the fourth town to declare bankruptcy in the state.

  • Me and My Money-Macy Gray Wednesday, 3 Oct 2012 | 11:30 AM ET

    CHICAGO, Oct 3- Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure- though she is perfectly willing to help out with a little online research. exclaims Gray, 45, an Ohio native who calls Los Angeles home. " It says here I'm worth $38 million.

  • The Spy Who Loved Video Games: 5 famous Bond games Wednesday, 3 Oct 2012 | 11:24 AM ET

    LOS ANGELES-- James Bond hasn't been sipping martinis and firing his Walther in the game world for nearly as long as he has in movie theaters, but the gadget-loving secret agent's nearly 30- year history spanning more than 20 video games is almost unmatched in Hollywood, where video game tie-ins with the latest blockbusters are commonplace nowadays.

  • Bond movies have beat do-or-die odds for 50 years Wednesday, 3 Oct 2012 | 11:16 AM ET

    LOS ANGELES-- Over the last 50 years, the owners of the James Bond movie franchise have had heart-stopping crises as thrilling as the ones that face their fictional secret agent. "Cubby used to say, `This is the goose that laid the golden egg, keep it safe,'" said Broccoli's youngest daughter, Barbara, now the series' co-producer, in a phone interview from London. "

  • Shares of Rigel Pharma fall on stock offering Wednesday, 3 Oct 2012 | 11:15 AM ET

    SOUTH SAN FRANCISCO, Calif.-- Drug developer Rigel Pharmaceuticals Inc. said it priced its public offering of 13.7 million shares of its common stock at $9.50 per share. The South San Francisco, Calif.- based company said it expects the offering's gross proceeds to total about $130 million, before deducting underwriting discounts, commissions, and other expenses.

  • New Ohio casino tests facility with demo day Wednesday, 3 Oct 2012 | 10:58 AM ET

    COLUMBUS, Ohio-- The casino set to open Monday in Ohio's capital is testing its operations with an invitation-only demonstration day. The $400 million Hollywood Casino Columbus says proceeds from Wednesday's games will go to five local nonprofit organizations.

  • Plan calls for shuttering part of PNM power plant Wednesday, 3 Oct 2012 | 10:51 AM ET

    ALBUQUERQUE, N.M.-- Months of wrangling over the best way to curb pollution from a PNM Resources Inc. coal-fired power plant that serves more than 2 million customers in the Southwest have given way to a proposal that could see New Mexico transition to cleaner sources of energy to meet its electricity demands.

  • Biolase shares soar as dental laser device gets approval Wednesday, 3 Oct 2012 | 10:48 AM ET

    Oct 3- Biolase Inc said health regulators in Europe and the United States granted approval for its laser device Epic 10 for use in soft tissue dental surgery and other procedures, sending its shares up as much as 34 percent.

  • INSTANT VIEW 5-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:20 AM ET

    PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "

  • INSTANT VIEW 4-U.S. service sector picks up in Sept-ISM Wednesday, 3 Oct 2012 | 10:17 AM ET

    NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday. STEVEN WOOD, CHIEF ECONOMIST, INSIGHT ECONOMICS, DANVILLE, CALIFORNIA. THOMAS DI GALOMA, MANAGING DIRECTOR, NAVIGATE ADVISORS, STAMFORD, CONNECTICUT.

  • Ohio jobs-agency boss leaving for private sector Wednesday, 3 Oct 2012 | 9:52 AM ET

    John Kasich for a dollar to help jump-start Ohio's job-creation efforts is leaving his state management job and returning to the private sector. Mark Kvamme will resign as president and interim chief investment officer of JobsOhio effective Nov. 1, board Chairman Jim Boland announced Tuesday.

  • US begins flying home deported Mexicans Wednesday, 3 Oct 2012 | 9:12 AM ET

    SAN DIEGO-- The U.S. government began flying Mexican deportees home on Tuesday in a two-month experiment aimed at relieving Mexican border cities overwhelmed by large numbers of people ordered to leave the United States, some who fall prey to criminal gangs.

  • Labor standoffs silence orchestras in Minn., Ind. Wednesday, 3 Oct 2012 | 8:57 AM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.

  • Illegal immigrant in Fla. fights for law license Wednesday, 3 Oct 2012 | 8:53 AM ET

    TALLAHASSEE, Fla.-- A Florida man's bid to become the first illegal immigrant to obtain a law license in the United States met skepticism Tuesday from most of the state's Supreme Court justices. He graduated from New College in Florida, earned a law degree from Florida State University and passed the state bar exam last year.

  • BRIEF-Itron awarded natural gas metering contract Wednesday, 3 Oct 2012 | 8:49 AM ET

    *Awarded one of the nation's largest natural gas metering contracts. *Says southern California gas company will install nearly 1.5. *Says socalgas will install more than 600,000 gas regulators as a part of its.

  • Key revenue metric falls 8.7 pct. at Bebe in 1Q Wednesday, 3 Oct 2012 | 8:27 AM ET

    BRISBANE, Calif.-- Women's clothing company Bebe says revenue at stores open at least a year fell 8.7 percent in its most recent quarter, which included the key back-to-school shopping season.

  • Bebe 1st-qtr sales miss estimates Wednesday, 3 Oct 2012 | 7:28 AM ET

    Oct 3- Women's apparel retailer Bebe Stores Inc. The company, which sells merchandise under Bebe Sport, bbsp, 2 b bebe and its namesake brand, faces an inventory glut, with a 12.5 percent increase in inventory per square foot as of Sept. 29. The Brisbane, California- based company's shares closed at $4.67 on the Nasdaq on Tuesday.

  • INSIGHT-In California, the Mungers haunt Jerry Brown Wednesday, 3 Oct 2012 | 7:00 AM ET

    SAN FRANCISCO, Oct 3- California Governor Jerry Brown has a problem. Yet Molly Munger and Charles Munger Jr., children of Warren Buffett's business partner, Charles Munger, Sr., have together become Brown's worst nightmare as the November election approaches.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • SAN FRANCISCO, Oct 3- Hewlett-Packard o ffered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.