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Top News & Analysis California

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  • 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.

  • HP's Whitman blames management turnover for slow progress Wednesday, 3 Oct 2012 | 12:21 AM ET

    SAN FRANCISCO, Oct 3- Hewlett-Packard Chief Executive Meg Whitman on Wednesday blamed unprecedented executive turnover in past years for dragging out the turnaround of the sprawling Silicon Valley computing giant.

  • Report: Some dietary supplements illegally labeled Wednesday, 3 Oct 2012 | 12:02 AM ET

    SAN FRANCISCO-- Dozens of weight loss and immune system supplements on the market are illegally labeled and lack the recommended scientific evidence to back up their purported health claims, government investigators warn in a new review of the $20 billion supplement industry.

  • WASHINGTON, Oct 3- U.S. solar panel producers, who have already won preliminary duties on billion of dollars of solar panel imports from China, appear well positioned to win longer-term relief in coming weeks as the U.S. government makes its final decisions.

  • *Los Angeles has more dispensaries than any other city. LOS ANGELES, Oct 2- The Los Angeles City Council voted to rescind a newly enacted ban on storefront medical marijuana shops on Tuesday, allowing the city to avoid a referendum next year that some officials said would likely succeed in reversing the prohibition.

  • Oracle CEO to experiment on his Hawaiian island Tuesday, 2 Oct 2012 | 10:33 PM ET

    SAN FRANCISCO-- Oracle CEO Larry Ellison envisions his recently acquired Hawaiian island becoming a "little laboratory" for experimenting with more environmentally sound ways to live. Ellison's ambitions include converting sea water into fresh water on the 141- square-mile island of Lanai.

  • *Los Angeles has more dispensaries that any other city. LOS ANGELES, Oct 2- The Los Angeles City Council voted to rescind a newly enacted ban on storefront medical marijuana shops on Tuesday, allowing the city to avoid a referendum next year that some officials said would likely succeed in reversing the prohibition.

  • NY appeals court orders bail for philanthropist Tuesday, 2 Oct 2012 | 9:31 PM ET

    NEW YORK-- An opera-loving philanthropist convicted of a multimillion-dollar fraud will soon be freed from prison on bail after a federal appeals court signaled on Tuesday he might be succeeding in proving his case deserves a second look.

  • SAN FRANCISCO Oct. 2, 2012-- Standard& Poor's Ratings Services' B+' corporate credit rating and' B+' senior unsecured issue rating on MEMC Electronic Materials Inc. is unaffected by the company's recent $200 million term loan debt issuance. MEMC will use the term loan for general corporate purposes in addition to providing additional liquidity for the company.

  • said a major patent verdict in favor of Apple Inc. should be overturned because the jury foreman did not disclose that he once was in litigation with Seagate Technology PLC, a company that counts Samsung as a major investor.

  • Oracle's Ellison: expect Fusion take-up to quicken Tuesday, 2 Oct 2012 | 7:15 PM ET

    SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison expects strong take-up for its Internet-based "Fusion" software, a product suite crucial to its efforts to catch up with rivals like Salesforce.com Inc in the fast-growing market.

  • *In one case, payment of more than $7 mln held up over $100 invoice. By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.

  • Theravance in partnership on gastroparesis drug Tuesday, 2 Oct 2012 | 6:27 PM ET

    NEW YORK-- Theravance Inc. said Tuesday it formed a partnership with Italian drugmaker Alfa Wassermann SpA to develop its gastrointestinal disorder drug velusetrag. Theravance said the companies will work together on mid-stage clinical testing of the drug.

  • Wet Seal says key sales measure fell in September Tuesday, 2 Oct 2012 | 6:22 PM ET

    FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.

  • Education chief wants textbooks to go digital Tuesday, 2 Oct 2012 | 6:11 PM ET

    It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.

  • *Oracle unveils new cloud products at user conference. BOSTON/ SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison said he intends to drive growth at the world's No. 3 software maker by promoting its current suite of cloud computing products and not through an acquisition.

  • Gambling exec: Time short for US online poker regs Tuesday, 2 Oct 2012 | 6:05 PM ET

    LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.