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Top News & Analysis California

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  • UTi reports 2Q loss Thursday, 3 Sep 2015 | 4:33 PM ET

    LONG BEACH, Calif. _ UTi Worldwide Inc. on Thursday reported a loss of $74.1 million in its fiscal second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. Four analysts surveyed by Zacks expected $1.05 billion.

  • Infoblox reports 4Q loss Thursday, 3 Sep 2015 | 4:30 PM ET

    SANTA CLARA, Calif. _ Infoblox Inc. on Thursday reported a loss of $4.7 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. For the current quarter ending in November, Infoblox expects its per-share earnings to range from 5 cents to 6 cents.

  • Nima Kalbasi, a 28- year-old Canadian, then "tried to harm Tesla's reputation and credibility by making false and misleading comments," the Federal Bureau of Investigation said in a statement on Thursday. Kalbasi, who had worked as a mechanical engineer for the electric vehicle maker, which is based in Palo Alto, California, was arrested in Vermont on Aug. 24.

  • Cooper Cos. meets 3Q profit forecasts Thursday, 3 Sep 2015 | 4:15 PM ET

    PLEASANTON, Calif. _ The Cooper Cos. on Thursday reported fiscal third-quarter net income of $45 million. Nine analysts surveyed by Zacks expected $466.5 million. For the current quarter ending in November, Cooper Cos. expects its per-share earnings to range from $2.07 to $2.17.

  • VeriFone tops Street 3Q forecasts Thursday, 3 Sep 2015 | 4:12 PM ET

    SAN JOSE, Calif. _ VeriFone Systems Inc. on Thursday reported fiscal third-quarter net income of $9.5 million, after reporting a loss in the same period a year earlier. Ten analysts surveyed by Zacks expected $501.2 million. For the current quarter ending in November, VeriFone expects its per-share earnings to range from 47 cents to 48 cents.

  • SAN FRANCISCO, Sept 3- A former Tesla Motors engineer has been charged in federal court with felony computer intrusion for accessing his manager's email account, sharing employee evaluations with others and posting confidential information on the Web. Nima Kalbasi, a 28- year-old Canadian, then "tried to harm Tesla's reputation and credibility by making...

  • NEW YORK— China's economic problems have been a windfall for some U.S. small businesses— and pose a threat to others. Fucci is heading to China this weekend on a sales trip, optimistic that she'll find more buyers. But U.S. small businesses overall may feel little impact from the weakness in China's economy, says Ravi Madhavan, a professor at the University of...

  • ZURICH, Sept 3- A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices. Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception, the 619- foot vessel eventually became part of the fleet of ships used by Swiss company...

  • "The year of cheap fuel continues," said Tom Kloza, chief oil analyst at the Oil Price Information Service. Gasoline prices often rise toward the end of the summer driving season as supplies dwindle and rough weather disrupts production along the Gulf Coast, where much of the nation's fuel is made. But crude oil prices have plunged because producers in the U.S. and...

  • LONG BEACH, Calif.— Insurer Molina Healthcare will spend about $200 million to expand the behavioral and mental health services it provides with its coverage. The Long Beach, California, insurer said Thursday it will buy two subsidiaries of The Providence Service Corp. They are Providence Human Services LLC and Providence Community Services LLC.

  • SAN FRANCISCO— A federal judge has approved a $415 million settlement that ends a lengthy legal saga revolving around allegations that Apple, Google and several other Silicon Valley companies illegally conspired to prevent their workers from getting better job offers. Things have changed dramatically since the class-action lawsuit was filed in 2011....

  • NEW YORK, Sept 3- Los Angeles has dropped a lawsuit accusing JPMorgan Chase, the largest U.S. bank, of discriminatory mortgage lending, ending the first of the city's four lawsuits accusing major banks of driving up foreclosures among minority borrowers. Los Angeles is still pursuing similar complaints against Bank of America, Wells Fargo& Co and Citigroup Inc..

  • Production of renowned Ovation guitars to resume in US Thursday, 3 Sep 2015 | 12:21 PM ET

    Four workers remained on the payroll after the New Hartford plant closed, and one of them, Darren Wallace, spent hundreds of hours of his own time setting up what equipment was left so it would be ready if production ever began again. After Ovation was sold in December, the new owner planned to move the remaining operations to California but decided to keep them in...

  • The Associated Press recently tried out both systems on a 2016 Honda Accord. "Anything that takes your attention away from the task of driving is not something you want to engage in," said Kathy Lane, a spokeswoman for the National Safety Council, a nonprofit organization created by Congress to promote safety. Neither system has been tested yet by the Insurance...

  • COLUMBUS, Ky.— Part of the Mississippi River was closed as crews investigated an oil spill caused by the collision of two tow boats, the U.S. Coast Guard said Thursday. The cargo tank was ruptured, causing thousands of gallons of oil to spill into the river, the Coast Guard said. The Coast Guard said it was working with the barge owner, Inland Marine Services, and an oil...

  • Private island for sale in the San Francisco Bay Thursday, 3 Sep 2015 | 10:37 AM ET

    SAN FRANCISCO— In a city with some of the highest home prices in the country, a private island in the San Francisco Bay is now for sale for $5 million. Red Rock, a 6- acre mass of rock, sand, vegetation and minerals, was for sale for $22 million in 2012. The price was slashed to $9 million after there were no takers then dropped again. Red Rock can now be picked up for the price...

  • NEW YORK, Sept 3- U.S. Thursday after a dovish outlook from the European Central Bank. The European Central Bank cut its inflation and growth forecasts for the euro zone and its president, Mario Draghi, said things could get worse.

  • Calavo misses 3Q profit forecasts Thursday, 3 Sep 2015 | 9:15 AM ET

    SANTA PAULA, Calif. _ Calavo Growers Inc. on Thursday reported fiscal third-quarter earnings of $8.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The potential cost to taxpayers if all Corinthian students seek relief: $3.2 billion. So far, almost 12,000 students have asked the federal government to discharge their college loan debt, asserting that their school either closed or lied to them about job prospects, according to a report released Thursday by the Education Department. "It's just not fair," said...

  • LOS ANGELES— An educational video game has been edited following a social media backlash over a scene depicting slaves being packed into a ship. The scene was also removed from the official trailer for the title, which was originally released by Copenhagen- based developer Serious Games Interactive in 2013.. "Slave Trade," which is intended to teach children ages...