Top News & Analysis California

  • *Brands want to stop unauthorized discounting on Amazon. *Amazon's 3rd- party selling platform a high-margin business. SAN FRANCISCO, Oct 23- Amazon.com Inc is grappling with a problem that eBay Inc has struggled with for years: The proliferation of unauthorized third-party sellers that undercut the world's top consumer brands.

  • Oct 23- A federal appeals court on Tuesday reinstated a $9.2 million securities arbitration ruling against Morgan Keegan& Co stemming from a group of bond funds that became the subject of a civil fraud action by regulators.

  • SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than expected pace that helped reassure investors that the world's No. 1 social network is beginning to figure out how to earn money off smartphone and tablet users.

  • NEW YORK-- Barnes& Noble Inc. said Tuesday that devices used by customers to swipe credit and debit cards have been tampered with in 63 of its stores in nine states. The stores are in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island.

  • SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.

  • SAN FRANCISCO, Oct 23- Facebook Inc posted a better-than-expected 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of gains in mobile.

  • HONOLULU-- Hawaiian Airlines on Tuesday said its consolidated adjusted net income jumped 78 percent in the third quarter to $45.5 million as the company continued expanding flights to Asia and the U.S. mainland.

  • CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.

  • FOSTER CITY, Calif.-- HIV drug maker Gilead Sciences Inc. said Tuesday that its third-quarter profit slipped on costs related to its purchase of hepatitis C drug developer Pharmasset Inc. But results still topped expectations and the company raised its sales forecast for the full year. The drug is the first approved by the FDA to reduce infection with HIV.

  • WASHINGTON, Oct 23- Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.

  • LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.

  • TRENTON, N.J.-- Biotech drugmaker Amgen Inc. said Tuesday that its third-quarter profit more than doubled from a year ago, when a huge legal-reserve charge weighed down results. Amgen said its net income adjusted to exclude one-time items was $1.31 billion, or $1.67 per share, up from $1.28 billion, or $1.40 per share.

  • LOS GATOS, Calif.-- Netflix cut its prediction of how many video streaming subscribers it would add this year after its third-quarter additions of 1.2 million came in at the low end of the company's forecasts. Netflix's stock sank $10.72 in after-hours trading to $57.50.

  • David Strickland, head of the National Highway Traffic Safety Administration, told an automotive gathering that automated vehicles are the next "evolutionary step" in safety technology. He said his agency has held extensive discussions with automakers and Google about what needs to happen before automated cars can be safely introduced to consumers.

  • SAN FRANCISCO-- Industrial real estate developer Prologis Inc. posted a third-quarter loss, but said its core funds from operations improved from a year ago on a 9 percent increase in revenue. Prologis raised its forecast for full-year core FFO to between $1.72 and $1.74 per share, up from $1.64 to $1.70 per share.

  • SEATTLE-- Michael Henrichsen has ideas about how he might celebrate his 26th birthday this week. First, Billy Idol rolls up in a limo and tells him to hop in.

  • LIANGJIAHE, China-- The next leader of China spent much of his youth living in a dug-out cave. Xi Jingping's seven years in this remote northern community meant toiling alongside rural villagers by day and sleeping on bricks by night, in stark contrast to his pampered early years in Beijing.

  • LOS ANGELES-- Crews have repaired a pipe that leaked flammable hydrogen gas at Edison International's San Onofre nuclear power plant and officials say there was no danger to the public. Edison International's Southern California Edison unit says a small leak in a pipe fitting was discovered in a non-nuclear part of Unit 2 on Sunday.

  • NEW YORK-- Toy company Jakks-Pacific Inc. reported a 13 percent drop in third-quarter net income as it grappled with costs of fighting off a take-over attempt and weak sales. The company, which makes toys under such brands as Cabbage Patch Kids and Hello Kitty, said it earned $30.4 million, or $1.10 per share in the three months ended Sept. 30.