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Top News & Analysis California

  • LOS ANGELES— Investors have been betting heavily on emerging markets stocks this year, and the strategy appears to be paying off. Through the first four months of this year, net flows into emerging market U.S. funds totaled $26.17 billion, according to Morningstar. David Semple, portfolio manager for the VanEck Emerging Markets Fund, points to a couple of factors:...

  • Blue Cross and Blue Shield of North Carolina is asking regulators for a 23 percent price hike next year because it doesn't expect crucial payments from the federal government to continue. That announcement comes a day after Blue Cross and Blue Shield of Kansas City said it will leave the individual insurance market next year, a decision that affects about...

  • The Associated Press sent two journalists on a two-day visit to Orlando, Florida— one with perks, and one without. Scott Mayerowitz, who until recently covered the airline industry, has elite status with airlines, hotels and car rental agencies. Candice Choi, who covers the food industry, has no such perks.

  • LOS ANGELES— The advocacy group GLAAD says the representation of LGBTQ characters in major Hollywood films increased nearly 1 percent in 2016, but the group says many of the portrayals weren't positive. GLAAD's annual study released Thursday surveyed 125 releases from the seven major Hollywood studios and found them again to be severely lagging behind...

  • May 25- U.S. teen apparel retailer Abercrombie& Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in comparable-store sales, helped by strong demand for Hollister, its California beach-themed brand of surfwear. Shares of the company, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management...

  • May 25- U.S. teen apparel retailer Abercrombie& Fitch Co, which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister. Net loss attributable to the company widened to $61.7 million, or 91 cents per share, in the quarter, from $39.6 million, or 59...

  • Alabama: Grayson Hall, Regions Financial Corp., $8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan Inc., $14 million. Arkansas: Doug McMillon, Wal-Mart Stores Inc., $22.4 million.

  • SAN FRANCISCO, May 25- Highly valued security firm Tanium Inc is allowing its co-founder, employees and some early investors to sell $100 million of stock to private equity and venture funds in a secondary sale that eases internal pressure for a public offering. The deal values Emeryville- based Tanium at $3.75 billion after the transaction, Chief Executive...

  • JACKSONVILLE, Ore.— Bill and Barbara Steele moved to this sleepy corner of Oregon to start their own winery after successful, high-powered business careers. Recreational marijuana won't be legal in California until next year, but a few miles north of the border in Oregon, a handful of winemakers are experimenting with pot in hopes of increasing their appeal...

  • PALOMINO VALLEY, Nev.— President Donald Trump's budget proposal calls for saving $10 million next year by selling wild horses captured throughout the West without the current requirement that buyers guarantee the animals won't be resold for slaughter. Doug Busselman, executive vice president of the Nevada Farm Bureau, blamed the stalemate on the "emotional...

  • NEW YORK— Mark Zuckerberg returned Thursday to Harvard, where he launched Facebook and then dropped out, telling graduates it's up to them to bring purpose to the world, fight inequality and strengthen the global community. He shared stories about graduates such as David Razu Aznar, a former city leader who led the effort to legalize gay marriage in Mexico City,...

  • WELLINGTON, May 25- Rocket Lab, a Silicon Valley- funded space launch company, on Thursday launched the maiden flight of its battery-powered, 3- D printed rocket from New Zealand's remote Mahia Peninsula. Team delighted, " Rocket Lab said on its official Twitter account. "Our focus with the Electron has been to develop a reliable launch vehicle that can be...

  • WELLINGTON, New Zealand— California- based company Rocket Lab said Thursday it had launched a test rocket into space from its New Zealand launch pad, although the rocket didn't reach orbit as hoped. Rocket Lab was given official approval last week to conduct three test launches from the remote Mahia Peninsula on the North Island. New Zealand has never had a space...

  • SAN FRANCISCO, May 24- Infosys Ltd, the India- based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco. H1-B visa program for skilled workers, which has been under fire as the Trump Administration moves to tighten a range of...

  • HONOLULU— Before a flight from Los Angeles to Honolulu took off carrying a passenger whose inflight behavior prompted bomb-threat procedures and military fighter jets to escort the plane, passengers complained to American Airlines workers that the man was scaring them, a woman who was on the flight said Wednesday. Jaime Reznick, of Los Angeles, said when she...

  • DALLAS— Ten of the 15 fastest-growing cities with populations of 50,000 or more were spread across the South in 2016, with four of the top five found in Texas, according to new population estimates released Thursday by the U.S. Census Bureau. The rest of the top five fastest-growing large cities were Frisco, Texas, a northern Dallas suburb, with a 6.2 percent...

  • SAN FRANCISCO, May 24- A California- based workers advocacy group released a report on Wednesday saying that Tesla Inc data showed its workers have been injured at a rate a third higher than the auto industry average. Worksafe made the analysis after being approached by the United Auto Workers, the Detroit- based union that has been talking to Tesla employees...

  • FRESNO, Calif.— A renowned strawberry researcher in California broke patent law and violated a loyalty pledge to his former university by taking his work with him to profit from it in a private company, a jury in San Francisco decided Wednesday. Professor Douglas Shaw formed his own research firm with others after retiring from the University of California,...

  • *Q2 rev $12.39 bln vs. est. *Q2 adj profit $0.40/ shr vs. est. Revenue from personal systems business, which makes notebooks, desktops and workstations, jumped 9.6 percent to $7.66 billion in the second quarter ended April 30.

  • WASHINGTON, May 24- Fiat Chrysler Automobiles NV believes a software update can address U.S. regulators' contention that its diesel vehicles are producing excess emissions, a lawyer for the company said at a court hearing on Wednesday. Robert Giuffra, a lawyer representing Fiat Chrysler, said at a hearing in San Francisco that regulators' concerns could be...