Top News & Analysis California

  • NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.

  • SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.

  • NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Thursday.

  • Oct 10- Shares of refining companies with exposure to the volatile California fuel market fell sharply on Wednesday as an immediate supply crisis eased, but extended refinery outages threatened to keep pressure on gasoline prices.

  • By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale Of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.

  • Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.

  • California's Gas & Fiscal Crisis

    How much longer can California endure the painful gas prices, and what damage the state is facing, with John Chiang, California State Controller.

  • Caris& Co. analyst Scott Tilghman said in a research note Wednesday that Wal-Mart Stores Inc.' s recently announced plans for same-day shipping is not the threat to Amazon.com Inc. that some perceived it to be. Wal-Mart's program offers fewer products and is being offered in five markets, versus the 10 being tested by Amazon.

  • Oct 10- A private catastrophe bond has been listed on the Channel Islands Stock Exchange, the first time such a deal has been made fully tradable in the secondary market. The California Earthquake Authority and reinsurance firm Solidum Partners set up a special purpose vehicle in Guernsey to issue cat bond notes through a transformer reinsurance contract.

  • NEW YORK-- Shares of Chevron Corp. plunged Wednesday after the oil giant said its third-quarter earnings are expected to be "substantially lower" than in the second quarter. In addition, results from refining and marketing dropped after a fire damaged Chevron's refinery in Richmond, Calif., and Hurricane Isaac disrupted production at a refinery in Mississippi.

  • PARIS-- He fires up the succulent pork over gnarled, carbonated pig bones, grows sweet greens in a soil mixed with pumice left over by the hazelnut oil industry and he's creating a new kind of wheat, named after himself _ Barber. But Dan Barber, the prize-winning American chef, insists he's not an ecologist who likes to cook.

  • LOS ANGELES-- California gas prices dipped slightly Wednesday after surging more than 40 cents a gallon in the past week. The weeklong spike was the largest, single-state weekly increase since Hurricane Katrina, and the highest weekly increase in California history, AAA spokesman Avery Ash said.

  • LOS ANGELES, Oct 10- SunPower Corp did not receive a subpoena from the Treasury Department's inspector general in connection with its probe of a popular solar incentive, the company said.

  • NEW YORK-- True Religion Apparel's stock soared on Wednesday as investors embraced the clothing company's announcement that it is considering putting itself up for sale. THE ANALYSIS: Dorothy Lakner of Caris& Co. said in a client note that there's been speculation in the past that True Religion might look to sell itself, but believes that this time it's for real.

  • Oct 10- Activist investor Clinton Group said it will no longer push for a sale of Wet Seal Inc, which it won control of last week, but will instead focus on turning around the women's clothing retailer.

  • Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented rally to nearly $5 a gallon, even as further refinery disruptions threatened to slow the decline.

  • CAPE CANAVERAL, Fla.-- A private company successfully delivered a half-ton of supplies to the International Space Station early Wednesday, the first official shipment under a billion-dollar contract with NASA. Williams thanked SpaceX and NASA for the delivery, especially the chocolate-vanilla swirl ice cream stashed in a freezer.

  • LONDON-- This year's London Film Festival has Ben Affleck, Dustin Hoffman and the Rolling Stones _ and it's bookended by one of the city's premiere cinematic couples. Britain's biggest film showcase opens Wednesday with the European premiere of London- based American director Tim Burton's "Frankenweenie," the animated tale of a boy and his beloved _ but dead _ dog.

  • TOKYO-- There was nothing unusual about a man who boarded a flight in Osaka and was arrested after landing in Los Angeles wearing a bullet-proof vest and carrying handcuffs, knives and a smoke grenade in his checked-in baggage, a Japanese official said Wednesday.

  • The pints involved have the UPC symbol 8 94509 00231 9 and expiration dates ranging from February 2013 to August 2014. The peanut butter in the ice cream came from Sunland, Inc., a New Mexico peanut butter manufacturing plant. Clemmy's is located in Rancho Mirage, southeast of Palm Springs, and makes sugar, lactose and gluten-free ice cream.