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Top News & Analysis California

  • California on Powerball Bandwagon

    California is the 43rd state to offer Powerball, and the state expects to generate $350 million in sales, reports CNBC's Julia Boorstin.

  • Golden State Welcomes Powerball Lottery

    California become the 43rd state to join the Powerball lottery, reports CNBC's Julia Boorstin.

  • Former News Corp President Peter Chernin bid around $500 million for Hulu, the online-video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process.

  • San Bernardino suburb

    Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.

  • Will Bankrupt City Have to Pay Pensions?

    As Stockton, California runs out of cash, the big question hasn't been answered, with Mark Standriff, Radio Talk Show Host; Bernard Whitman, Whitman Insight Strategies; and Mark Simone, WOR Radio Talk Show host.

  • Power Rundown: NYC to Lose Its Area Code?

    Airlines are facing a growing battle between leisure and business passengers, and New York City is in danger of losing its beloved (212) area code. CNBC's Bob Pisani and Jane Wells, discuss.

  • Judge Allows Stockton to Enter Bankruptcy

    Stockton, California is becoming America's largest city to enter bankruptcy, with CNBC's Jane Wells; and Michael Sweet, Fox Rothschild lawyer and conservative strategist Ron Meyer, discuss.

  • The Stockton Record

    The decision approving Stockton's relief via Chapter 9 bankruptcy Monday may have residual effects on bondholders, retiree pension plans and the future of other faltering cities, NBC News reports.

  • It's official: Stockton, Calif., will become the nation's most populous city to enter into bankruptcy protection after getting clearance from a federal judge on Monday.

  • Judge Allows Stockton to File Bankrupt

    CNBC's Jane Wells reports a judge allowed Stockton, California, to move forward with Chapter 9 bankruptcy.

  • The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?

  • Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.

  • Supporters of same-sex marriage gather in front of the Supreme Court on Tuesday.

    The Supreme Court indicated Wednesday it could strike down the federal Defense of Marriage Act, which prevents legally married gay couples from receiving a range of federal benefits that go to other married couples.

  • Supreme Court Takes Up Gay Marriage

    Thousands of people gathered outside the Supreme Court as a hearing takes place in regards to whether gay couples have the constitutional right to marry, reports CNBC's John Harwood.

  • Prop 8: Supreme Court Takes on Gay Marriage

    The Supreme Court is hearing arguments today on whether gay couples have the Constitutional right to marry, reports CNBC's John Harwood.

  • The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.

  • Eschewing the Sun Belt, retirees are finding ways to cope with the high prices and high taxes that come with enjoying a big-city lifestyle.

  • Jimmy Fallon appears on "The Tonight Show" with Jay Leno.

    NBC has settled on two new stars for "The Tonight Show": Jimmy Fallon and New York City. The New York Times reports.

  • Google, which owns Youtube, is considering a plan to sell cablelike services via the Internet.

    Google's YouTube said the number of unique users visiting the video-sharing website every month has reached 1 billion.

  • Expect "some evolution" in Hewlett-Packard's board in coming years or even months, one director said at the company's shareholder meeting in response to criticism over the botched Autonomy deal.