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Top News & Analysis California

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  • Collectors Universe posts 4Q profit Thursday, 27 Aug 2015 | 4:57 PM ET

    SANTA ANA, Calif. _ Collectors Universe Inc. on Thursday reported fiscal fourth-quarter net income of $1.8 million. The Santa Ana, California- based company said it had profit of 21 cents per share. Collectors Universe shares have fallen 11 percent since the beginning of the year.

  • Gap to end on-call scheduling Thursday, 27 Aug 2015 | 4:51 PM ET

    ALBANY, N.Y.— Gap Inc. is ending its practice of requiring workers to remain on-call for short-notice shifts following an inquiry from New York's attorney general. A spokeswoman for the San Francisco- based retailer said Thursday the decision also applies to Gap's other brands, including Banana Republic, Old Navy and Athleta and was part of an effort to "improve...

  • Veeva tops Street 2Q forecasts Thursday, 27 Aug 2015 | 4:45 PM ET

    PLEASANTON, Calif. _ Veeva Systems Inc. on Thursday reported fiscal second-quarter profit of $13.4 million. For the current quarter ending in November, Veeva expects its per-share earnings to range from 11 cents to 12 cents. Veeva expects full-year earnings in the range of 47 cents to 48 cents per share, with revenue ranging from $395 million to $398 million.

  • Bebe reports 4Q loss Thursday, 27 Aug 2015 | 4:39 PM ET

    BRISBANE, Calif. _ Bebe Stores Inc. on Thursday reported a loss of $5.2 million in its fiscal fourth quarter. On a per-share basis, the Brisbane, California- based company said it had a loss of 7 cents. For the year, the company reported that its loss narrowed to $27.7 million, or 35 cents per share.

  • Splunk reports 2Q loss Thursday, 27 Aug 2015 | 4:27 PM ET

    SAN FRANCISCO _ Splunk Inc. on Thursday reported a loss of $55.3 million in its fiscal second quarter. Sixteen analysts surveyed by Zacks expected $140.5 million. For the current quarter ending in November, Splunk said it expects revenue in the range of $158 million to $160 million.

  • OmniVision beats Street 1Q forecasts Thursday, 27 Aug 2015 | 4:27 PM ET

    SANTA CLARA, Calif. _ OmniVision Technologies Inc. on Thursday reported fiscal first-quarter profit of $18.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Five analysts surveyed by Zacks expected $326.2 million.

  • Autodesk reports 2Q loss Thursday, 27 Aug 2015 | 4:13 PM ET

    SAN RAFAEL, Calif. _ Autodesk Inc. on Thursday reported a fiscal second-quarter loss of $235.5 million, after reporting a profit in the same period a year earlier. Seven analysts surveyed by Zacks expected $613.1 million. For the current quarter ending in November, Autodesk expects its per-share earnings to range from 5 cents to 10 cents.

  • Aug 27- The billionaire chief executive of Dole Food Co and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware judge ruled on Thursday. In a decision that may cast a pall on management-led buyouts, Vice Chancellor Travis Laster said Dole Chief Executive David...

  • SAN FRANCISCO— A new report estimates Apple shipped 3.6 million watches in the last quarter— more than some analysts have estimated and enough to change the competitive landscape for fitness bands and other wearable gadgets. Apple shipped enough units of its new smartwatch to nearly overtake market leader FitBit in the last quarter, according to analysts at...

  • Business groups have said such a ruling, which came in the case of California waste management company Browning-Ferris Industries Inc, would discourage franchising and the use of staffing agencies and subcontractors, potentially killing jobs. It may also force franchisers such as McDonald's Corp to reconsider the way they do business.

  • Aug 27- Companies can be held liable for labor violations committed by franchisees and contractors even when they have only indirect control over working conditions, the National Labor Relations Board ruled on Thursday in a closely-watched case that business groups say could harm successful business models. The board in a 3-2 decision that will likely be...

  • SAN FRANCISCO, Aug 27- Apple Inc on Thursday invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box. Cross Research analyst Shannon Cross said she was also expecting a faster processor on iPhones. When users posed the question in the invitation to Siri on their iPhones, Siri threw...

  • Twitter tries to lure in users as it searches for CEO Thursday, 27 Aug 2015 | 1:10 PM ET

    NEW YORK— Twitter's most urgent task is naming a new CEO. But the most formidable one is convincing more people that its service is essential, easy to use and not just meant for celebrities, 16- year-olds and news junkies. To help with the latter, there are big promotions, such as last year's World Cup push and this year's expanded content and advertising deal with the...

  • Transgender porn quickly growing in popularity Thursday, 27 Aug 2015 | 12:57 PM ET
    Transgender porn has been steadily climbing in popularity for years. (Stock photo).

    The adult entertainment industry says transgender porn has been a big seller for years, and it's getting even more popular.

  • Apple schedules new product event for Sept. 9 Thursday, 27 Aug 2015 | 12:41 PM ET

    SAN FRANCISCO— Apple has announced plans for a new product event on Sept. 9 in San Francisco, where the giant tech company is expected to show off new iPhones and other gadgets. Apple says the Sept. 9 event will be held at the Bill Graham Civic Auditorium in downtown San Francisco. The auditorium seats up to 7,000 people, which is a much larger capacity than San...

  • Google rejects EU anti-trust allegations as flawed Thursday, 27 Aug 2015 | 12:03 PM ET

    BRUSSELS— Google rejected on Thursday a complaint by Europe's competition watchdog that the Internet giant is abusing its dominance in Web searches to promote its own products. The European Commission, the EU's executive body, alleged in April that Google has improperly favored its shopping comparison service in its own search results, in a high-stakes case...

  • Aug 27- A Delaware judge on Thursday said David Murdock, the billionaire chief executive of Dole Food Co, is liable to shareholders for $148.2 million of damages for having shortchanged them when he took the fruit and vegetable producer private in 2013.. In his 106- page decision, Laster also held Dole's recently retired chief operating officer, C. Michael Carter,...

  • LOS ANGELES— Discovery is unleashing the first videos for its virtual reality network, Discovery VR, a fledgling service that is testing the limits and capabilities of the immersive format. In "Freeboarding: San Francisco," viewers are put on the helmet of a skateboarder cruising down San Francisco's famously winding Lombard Street. Conal Byrne, Discovery...

  • SACRAMENTO, Calif.— The chairman of California's Senate Governance and Finance committee said Thursday that he will ask committee staff to review all state accounts that handle charitable tax contributions to find out if there is unspent money languishing in them, in response to a report by The Associated Press. The AP found that nearly $10 million in...

  • Stock exchanges, Barclays win dismissal of HFT case Thursday, 27 Aug 2015 | 3:35 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.