Top News & Analysis California

  • BERLIN, Sept 29- Deutsche Bank admitted on Thursday it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. The latest lurch came after Bloomberg reported that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that's below the most recent private funding round. After bumping up its price Wednesday to $13 to $15 per share, Nutanix will be valued at $1.9 billion at the mid-point of that...

  • FRESNO, Calif.— The Latest on the superintendent of Yosemite National Park retiring:. The head of Yosemite National Park says he was offered a job transfer but chose to retire instead after employees made allegations that he created a hostile workplace. Superintendent Don Neubacher emailed park staffers Wednesday, saying he's on leave until his last day Nov. 1.

  • NEW YORK, Sept 29- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government bailout is not out of the question. Earlier on Thursday, the bank's U.S.-traded shares hit a record low. Gundlach, who oversees more than $100 billion at Los Angeles- based...

  • WASHINGTON— The Education Department is pursuing debt collection— rather than debt relief— for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Warren said the debt collection has resulted in "many having their credit slammed, their tax refunds seized,...

  • BERLIN, Sept 29- Deutsche Bank admitted on Thursday it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. The latest lurch came after Bloomberg reported that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and...

  • Sept 29- Chipmaker Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, the Wall Street Journal reported on Thursday. Netherlands- based NXP and San Diego- based Qualcomm said separately that they did not comment on rumors or speculation. NXP shares rose 16.9 percent to close at $96.12 on Thursday, while...

  • IRVINE, Calif. _ CalAmp Corp. on Thursday reported fiscal second-quarter profit of $521,000. Four analysts surveyed by Zacks expected $92.1 million. For the current quarter ending in December, CalAmp expects its per-share earnings to range from 24 cents to 30 cents.

  • TORONTO, Sept 29- Bargain-basement prices for carbon emissions in the cap-and-trade market shared by California and Quebec are unlikely to get much of a lift from Ontario's pending inclusion in the plan, policymakers for the three jurisdictions said on Thursday. California posted disappointing results last month from an auction of carbon permits under the...

  • LOS ANGELES/ NEW YORK, Sept 29- Eleven years ago, media mogul Sumner Redstone declared "the age of the conglomerate is over" as he prepared to split old-school broadcaster CBS from the fast-growing Viacom Inc cable networks and the Paramount film studio. Now, the Redstone family's National Amusements, the controlling shareholder of Viacom and CBS Corp, wants the...

  • NEW YORK, Sept 29- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government bailout is not out of the question. Earlier on Thursday, the U.S.-traded shares hit a record low. Gundlach, who oversees more than $100 billion at Los Angeles- based DoubleLine,...

  • Sept 29- Chipmaker Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, the Wall Street Journal reported. Netherlands- based NXP and San Diego- based Qualcomm said separately that they did not comment on rumors or speculation. NXP shares rose as much as 19.3 percent to $98.09 in afternoon trading on Thursday,...

  • Sept 29- Dunkin' Brands Group Inc said on Thursday its doughnut chain will partner with Coca-Cola Co to launch a line of bottled coffee beverages in the United States, its first foray into the ready-to-drink coffee market dominated by rival Starbucks Corp.. The bottled iced coffees, which will include milk and sugar in a variety of flavors, will be sold at...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • NEW YORK, Sept 29- Despite their current world of glamour, not everyone with a Hollywood ending grew up in glitz. For the latest installment of Reuters' "First Jobs" series, we talked to a few of those who have triumphed about their decidedly non- Hollywood first gigs. I had to drive a five-ton cube truck around to places like Santa Fe and Taos and Los Alamos, and many times I...

  • Superintendent Don Neubacher announced his plan Wednesday, said Andrew Munoz, a spokesman for the National Park Service. Neubacher said in an email to Yosemite employees that regional administrators had decided it was time for new leadership and offered to transfer him to Denver as a senior adviser. Neubacher headed Yosemite for nearly seven years and spent...

  • WASHINGTON/ NEW YORK, Sept 29- U.S. lawmakers called for Wells Fargo& Co chief John Stumpf to resign on Thursday and a top House Democrat demanded the bank be broken because it is too big to manage. Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties angrily rebuked his handling of sales abuses and said the bank...

  • Sept 29- Chipmaker Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, the Wall Street Journal reported. Netherlands- based NXP and San Diego- based Qualcomm said separately that they did not comment on rumors or speculation. NXP shares rose as much as 19.3 percent to $98.09 in afternoon trading on Thursday,...