Over 80 percent of California is now in extreme or exceptional drought. CNBC's Jane Wells reports UC Davis predicts this will cost the state $2.2 billion.» Read More
July 24- Underground stores of water in the southwestern United States have receded dramatically amid ongoing drought that has parched states from Oklahoma to the Pacific Coast and is costing California billions in lost crops and jobs, a new study shows.
WASHINGTON— In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
FOSTER CITY, Calif.— Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. The payments processor's latest financial results beat or matched Wall Street expectations.
WASHINGTON— Nearly 300 passengers perish when their plane is shot out of the sky. Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association.
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent. Starbucks' Americas region sales also rose 6 percent in the fiscal second quarter. The Americas region contributes the majority of Starbucks revenue.
NEW YORK, July 24- In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.
NEW YORK, July 24- A mobile app from a law enforcement technology firm could soon allow emergency responders from different agencies to communicate seamlessly with each other in a crisis for the first time, sharing files and conducting impromptu conference calls. The app works on devices running on Google Inc's Android and Apple Inc's iOS operating system.
PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.
AUSTIN, Texas— Charles Schwab Corp. is getting nearly $6 million in incentives from Texas to open an El Paso operations center and increase its presence in Austin, creating more than 1,200 jobs.
LANSING, Mich.— A California company that uses mobile application software to link people needing transportation in Ann Arbor and the Detroit area to drivers is expanding to several other Michigan cities. San Francisco- based Uber says service starts Thursday in Flint, Grand Rapids, Kalamazoo and Lansing.
Bernie Sanders, I-Vt., chairman of the Senate panel, made the first move, announcing a proposal that would cost about $25 billion over three years to lease new clinics, hire thousands of doctors and nurses, and make it easier for veterans who can't get prompt appointments with VA doctors to get outside care.
July 24- Dunkin' Brands Group Inc cut its full-year forecasts on Thursday, as its U.S. Dunkin' Donuts shops battled fierce competition from fast-food rivals like McDonald's Corp and as high milk prices softened profits from its international Baskin-Robbins ice cream business.
WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.
July 24- Dunkin' Brands Group Inc reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season, and cut its full-year adjusted profit and sales forecasts.
*Google's handling of removal requests has drawn criticism.
July 24- Dunkin' Brands Group Inc, the parent of Dunkin' Donuts and Baskin-Robbins ice cream, reported weaker-than-expected U.S. quarterly same-restaurant sales, blaming, in part, an unseasonably cold and rainy start to the spring season. Sales at established Dunkin' Donuts franchises in the United State rose 1.8 percent in the second quarter.
BEIJING, July 24- The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Apple Inc's latest quarterly results showed sales of its high-end phones in China grew at nearly twice the pace analysts had expected.
*China regulator' confirms' Qualcomm has monopoly- report. BEIJING, July 24- China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China.
WASHINGTON— After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. Six years ago, Social Security embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.