What makes one bottle of wine cost $15 while another goes for $1,000? Joe Bastianich of CNBC's "Restaurant Startup" explains the cost of wine.» Read More
Aug 28- OncoMed Pharmaceuticals Inc said the U.S. Food and Drug Administration lifted a partial hold on patient enrolments for three trials testing its experimental cancer drug, vantictumab.
California: Down 8,771, no reason given. Florida: Down 1,462, due to fewer layoffs in farming, manufacturing, retail and services. Illinois: Down 1,442, no reason given.
ST. LOUIS— Donors have given nearly $700,000 to online fundraising sites set up to collect money for the family of a black 18- year-old and the white police officer who fatally shot him in the St. Louis suburb of Ferguson. The Michael Brown Memorial Fund has raised almost $280,000 from more than 9,300 people in 13 days.
DENVER— The amount of Colorado marijuana being seized en route to other states through the U.S. mail has more than quadrupled since 2010 and was destined for more states than before, according to a new report by a federally funded drug task force.
NAPA, Calif. Aug 28- During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California.
THANON NANG KLARN, Thailand— In a story Aug. 25 about insects being raised for food around the world, The Associated Press reported erroneously that the first cricket farm in the United States will open this year in Youngstown, Pennsylvania.
NEW YORK, Aug 28- Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
SACRAMENTO, Calif.— Drivers providing services for ride-sharing companies such as Lyft and Uber would have to carry a minimum level of insurance under a compromise the state Senate approved Wednesday. Holly Mitchell, D- Los Angeles, who carried the bill in the Senate. The Senate approved the bill on a 30-4 vote, sending it to the Assembly.
SACRAMENTO, Calif.— Amid a third year of drought, state lawmakers began pushing legislation Wednesday that would begin to regulate groundwater for the first time in California history.
SAN FRANCISCO, Aug 27- A U.S. judge rejected Apple Inc's latest bid for a permanent injunction against Samsung Electronics Co Ltd in another sign of the diminishing impact of the smartphone patent wars. Apple won a $120 million jury verdict against Samsung earlier this year over three Apple patents.
DALLAS— A federal court has ruled that FedEx Corp. improperly classified about 2,300 drivers in California as independent contractors instead of employees.
LOS ANGELES, Aug 27- Officials in Villa Park are considering pulling the tiny California city from Calpers, saying the monthly costs of the state's giant public pension system are crippling the municipal budget.
SAN FRANCISCO— Shares of Williams-Sonoma Inc. tumbled late Wednesday, after the seller of cookware and home furnishings issued a weak profit outlook. The guidance came as Williams-Sonoma reported a 5 percent increase in fiscal second-quarter profits.
LOS ANGELES— Negotiators hoping to forge a new contract for dockworkers and keep hundreds of billions of dollars in cargo moving smoothly through West Coast seaports made significant progress with a tentative deal on health care benefits, a knotty issue that tied up talks for months.
SAN JOSE, Calif.— A federal judge has rejected Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone. Wednesday's rebuff comes nearly four months after a jury awarded Apple Inc. $119 million in damages for Samsung's infringements on technology used in the trend-setting iPhone.
LOS ANGELES— Shares of Guess Inc. dropped on Wednesday after the Los Angeles- based jeans wear company reported a 45 percent decline in second-quarter earnings and issued a disappointing profit outlook.
BEIJING, Aug 28- Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could be the biggest U.S. tech IPO of all time.
That changed with digital video recorders and Internet streaming services such as Netflix and Hulu. I used some recent trips to finish Showtime's "Dexter" and start CBS' "The Good Wife." In between, I breezed through Netflix's "Orange Is The New Black" and the second season of " House of Cards.
NEW YORK— Lending Club, a company that aims to reduce the cost of lending by connecting consumers with investors, filed for an initial public offering valued at up to $500 million on Wednesday. LendingClub Corp. runs an online marketplace that connects borrowers and investors.
SACRAMENTO, Calif., Aug 27- California will triple its tax breaks for entertainment companies doing business in the state, the latest effort to stem a tide of runaway production that has cost billions in revenue in Hollywood's home state under a deal announced on Wednesday.