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Top News & Analysis California

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  • NEW YORK, Oct 4- Wells Fargo& Co has transferred Jim Hays, a veteran wealth management executive who had run its large brokerage network, to oversee a smaller group of brokers at the bank's branches.

  • Feds charge 91 people in $429M Medicare fraud Thursday, 4 Oct 2012 | 1:56 PM ET

    WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.

  • Oil posts biggest gain in 2 months, tops $91 Thursday, 4 Oct 2012 | 1:53 PM ET

    Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.

  • Avery Dennison shares fall on breakup of 3M deal Thursday, 4 Oct 2012 | 1:46 PM ET

    Avery Dennison Corp.' s shares plunged Thursday after 3 M Co. dissolved plans to buy its office and consumer products business. THE SPARK: Avery Dennison and 3 M announced Wednesday that the maker of Post-It notes would not move forward with the deal. 3 M had agreed in January to buy the division for $550 million.

  • Google acquired Motorola in May for $12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd. But many investors and analysts have questioned Google's need to be in the hardware business, where profit margins are lower and Google has little experience.

  • Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.

  • *NRC must approve of San Onofre Unit 2 restart. Oct 4- U.S. nuclear regulators said Thursday they would take months to review Southern California Edison's plan to restart a reactor at the long idled San Onofre nuclear power plant in California.

  • In mobile-computing boom, a battle rages for marketing Thursday, 4 Oct 2012 | 11:43 AM ET

    NEW YORK/ SAN FRANCISCO, Oct 4- Amazon.com Inc. Take Apple Inc, for example. Now Samsung Electronics Co Ltd, Amazon, Microsoft Corp and other tablet and smartphone makers are stepping up with big spending on TV spots, print ads, guerilla marketing stunts and over-the-top launch events.

  • US Starbucks stores get Square mobile pay in November Thursday, 4 Oct 2012 | 11:30 AM ET

    *Square expands Starbucks' mobile payment options. Oct 4- Smartphone-wielding Starbucks customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.

  • Facebook now home to 1 billion monthly users Thursday, 4 Oct 2012 | 11:17 AM ET

    NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.

  • NY recognized for being an energy efficient state Thursday, 4 Oct 2012 | 10:35 AM ET

    ALBANY, N.Y.-- New York is being recognized for being an energy-efficient state. The American Council for an Energy-Efficient Economy rated New York No. 3 behind Massachusetts and California in its state-by-state scorecard for energy efficiency released Wednesday.

  • Ross sales figure tops Wall Street expectations Thursday, 4 Oct 2012 | 10:12 AM ET

    PLEASONTON, Calif.-- Ross Stores Inc. on Thursday reported a sales figure that topped Wall Street expectations, and the discount store operator raised its outlook for third-quarter earnings. Earnings per share for the current quarter are now expected to be in the range of 70 cents to 71 cents, up from the previous guidance of 63 cents to 66 cents.

  • Oct 4- Southern California Edison on Thursday released a plan to restart Unit 2 at the San Onofre nuclear power plant and operate the unit at up to 70 percent for about five months before shutting it again for inspections.

  • WageWorks prices sale of 6M company shares Thursday, 4 Oct 2012 | 10:11 AM ET

    SAN MATEO, Calif.-- WageWorks Inc. said Thursday that it will sell an additional 1 million shares of its stock, and company shareholders will sell 5 million shares. WageWorks provides employee spending account benefits programs which went public in May.

  • *Facebook adds 45 million users since June. Oct 4- Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices.

  • 'Jersey Shore' cast looks ahead as ending nears Thursday, 4 Oct 2012 | 10:07 AM ET

    The boozy reality TV series about a group of self-proclaimed "guidos" and "guidettes" cohabiting in a run-down Seaside Heights, N.J., party house is winding down as its sixth _ and MTV promises final _ season gets under way almost three years after it debuted and became a pop-cultural situation spawning catchphrases, punch lines, hairdos and tabloid fodder.

  • Gap posts 6 pct increase in key Sept. sales figure Thursday, 4 Oct 2012 | 9:55 AM ET

    SAN FRANCISCO-- Clothing retailer Gap Inc. said Thursday that September revenue at its stores open at least a year rose 6 percent, beating Wall Street predictions and reversing a drop of 4 percent in the same month last year. Analysts polled by Thomson Reuters expected an increase of 5.3 percent.

  • Oct 4- Diagnostic device maker Hologic Inc. said a U.S. district judge found that medical technology company Becton Dickinson& Co infringed on four patents owned by Hologic's unit Gen-Probe.

  • Many watch debate; some are pleased, few are moved Thursday, 4 Oct 2012 | 9:29 AM ET

    "A guy like Romney should excite me," said Becker, 30, a Republican who manages real estate investments in Fairfield, a charming shoreline town on Connecticut's affluent "gold coast." That was before the 90- minute head-to-head matchup between Romney and President Barack Obama in Denver, their first of three debates before Election Day.

  • American Apparel September sales figure rises Thursday, 4 Oct 2012 | 9:28 AM ET

    LOS ANGELES-- Clothing maker American Apparel Inc. said Thursday a key sales figure rose 15 percent in September, helped by online sales and fewer discounts.