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  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street opened lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "Judging from the notable 0.5 percent monthly increase in hourly wages, the impressive job creation of recent years may finally be...

  • LOS ANGELES— The top executive at the powerful California Coastal Commission defended his record on the job Friday as he faced an effort to oust him, a potential shake-up that environmentalists fear could unleash runaway development on the state's fabled coastline. In his first public remarks on a proposal to dismiss him next week, Executive Director Charles...

  • WASHINGTON— Consider looking past January's so-so job growth. At first glance, Friday's government report on U.S. hiring was a downer— 151,000 added jobs, well below the pace of the previous few months. "The January report is a solid report in disguise," said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and president of the conservative...

  • LOS ANGELES— A California official outlined a plan Thursday to cap a massive Los Angeles- area gas leak by the end of next week. The final phase to intercept the ruptured Southern California Gas Co. well is expected to begin Monday, said Wade Crowfoot, an adviser to Gov. The well has been leaking for 15 weeks and has been a major disruption for the upscale Porter Ranch...

  • LOS ANGELES— A California official outlined a plan Thursday to cap the massive Los Angeles- area gas leak by the end of next week. Jerry Brown, told residents of Porter Ranch that the final phase to intercept the ruptured well should start Monday. It is then expected to take another five days to permanently seal the Southern California Gas Co. well that began...

  • NEW YORK, Feb 4- Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92- year-old Redstone was becoming chairman...

  • DIARY-Top Economic Events to Feb 17 Thursday, 4 Feb 2016 | 7:00 PM ET

    LONDON- European Central Bank's Supervisory Council member Daniele Nouy to participate in panel discussion at European Banking Authority 5th Anniversary Conference- 1130 GMT. LONDON- Bank of England's Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey to participate in panel...

  • *Silver Lake to get one board seat. Feb 4- Symantec Corp, best known for its Norton antivirus software, said Silver Lake Partners had invested $500 million in the company and that the private equity firm would get a board seat. Silver Lake will buy $500 million worth of Symantec's unsecured convertible notes.

  • WASHINGTON, Feb 4- The United States Marine Corps will try to maintain funding for its plans to modernize its fleet of aging aircraft and ships in the fiscal 2017 defense budget, the commandant of the Marine Corps said on Thursday. "We're going to do everything to protect our modernization," said Neller, who took command of the Marine Corps last year.

  • Multi-Fineline posts 4Q profit Thursday, 4 Feb 2016 | 6:25 PM ET

    IRVINE, Calif. _ Multi-Fineline Electronix Inc. on Thursday reported earnings of $10.4 million in its fourth quarter. On a per-share basis, the Irvine, California- based company said it had net income of 41 cents. For the year, the company reported net income of $45.1 million, or $1.79 per share, swinging to a profit in the period.

  • Simpson Manufacturing posts 4Q profit Thursday, 4 Feb 2016 | 6:25 PM ET

    PLEASANTON, Calif. _ Simpson Manufacturing Co. on Thursday reported fourth-quarter profit of $14.7 million. Simpson Manufacturing shares have fallen almost 8 percent since the beginning of the year. Keywords: Simpson Manufacturing, Earnings Report.

  • Intermolecular reports 4Q loss Thursday, 4 Feb 2016 | 6:13 PM ET

    SAN JOSE, Calif. _ Intermolecular Inc. on Thursday reported a loss of $1.9 million in its fourth quarter. The San Jose, California- based company said it had a loss of 4 cents per share. For the current quarter ending in April, Intermolecular expects its results to range from a loss of 6 cents per share to a loss of 4 cents per share.

  • TTM posts 4Q profit Thursday, 4 Feb 2016 | 6:03 PM ET

    COSTA MESA, Calif. _ TTM Technologies Inc. on Thursday reported fourth-quarter earnings of $9.5 million. The Costa Mesa, California- based company said it had net income of 9 cents per share. For the year, the company reported a loss of $25.9 million, or 28 cents per share, swinging to a loss in the period.

  • Wesco Aircraft meets 1Q profit forecasts Thursday, 4 Feb 2016 | 6:03 PM ET

    VALENCIA, Calif. _ Wesco Aircraft Holdings Inc. on Thursday reported fiscal first-quarter earnings of $20.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share. Wesco Aircraft shares have dropped roughly 7 percent since the beginning of the year.

  • New Relic reports 3Q loss Thursday, 4 Feb 2016 | 5:57 PM ET

    SAN FRANCISCO _ New Relic Inc. on Thursday reported a loss of $18.4 million in its fiscal third quarter. For the current quarter ending in March, New Relic expects its results to range from a loss of 25 cents per share to a loss of 23 cents per share. New Relic expects full-year results to range from a loss of 85 cents per share to a loss of 83 cents per share, with revenue...

  • Callaway reports 4Q loss Thursday, 4 Feb 2016 | 5:41 PM ET

    CARLSBAD, Calif. _ Callaway Golf Co. on Thursday reported a loss of $30.5 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share. Five analysts surveyed by Zacks expected $148.2 million.

  • RingCentral reports 4Q loss Thursday, 4 Feb 2016 | 5:37 PM ET

    BELMONT, Calif. _ RingCentral Inc. on Thursday reported a loss of $6.9 million in its fourth quarter. Six analysts surveyed by Zacks expected $80.6 million. RingCentral shares have dropped 9.5 percent since the beginning of the year.

  • Pixelworks reports 4Q loss Thursday, 4 Feb 2016 | 5:21 PM ET

    SAN JOSE, Calif. _ Pixelworks Inc. on Thursday reported a loss of $3.2 million in its fourth quarter. The San Jose, California- based company said it had a loss of 11 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

  • Collectors Universe posts 2Q profit Thursday, 4 Feb 2016 | 5:15 PM ET

    SANTA ANA, Calif. _ Collectors Universe Inc. on Thursday reported fiscal second-quarter earnings of $989,000. Collectors Universe shares have dropped 1 percent since the beginning of the year. Keywords: Collectors Universe, Earnings Report.

  • Essex Property Trust reports 4Q results Thursday, 4 Feb 2016 | 5:15 PM ET

    PALO ALTO, Calif. _ Essex Property Trust Inc. on Thursday reported a key measure of profitability in its fourth quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for funds from operations of $2.52 per share. Seven analysts surveyed by Zacks expected $307 million.