GO
Loading...

California

More

  • April 17- With the Chicago weather finally getting a little nicer, Chris Anderssen wanted to grill some burgers outside for a group of family and friends. Retail beef and pork prices reached all-time highs last month, according to Bill Hahn, agricultural economist at the U.S. Department of Agriculture's Economic Research Service.

  • SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.

  • *U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.

  • Facebook rolls out location-sharing feature Thursday, 17 Apr 2014 | 1:02 PM ET

    NEW YORK— Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby— provided they have the feature turned on.

  • April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..

  • Taxi app Uber faces ban in Berlin Thursday, 17 Apr 2014 | 12:20 PM ET

    BERLIN— Ride-hailing app Uber could face a ban in the German capital after the head of the Berlin Taxi Association convinced a local court that the company's service breaks the law.

  • NEW YORK, April 17- Scientists have moved a step closer to the goal of creating stem cells perfectly matched to a patient's DNA in order to treat diseases, they announced on Thursday, creating patient-specific cell lines out of the skin cells of two adult men.

  • UPDATE 8-Brent, U.S. oil rise as Ukraine tensions mount Thursday, 17 Apr 2014 | 11:53 AM ET

    LOS ANGELES, April 17- Brent crude oil climbed above $110 a barrel on Thursday as rising tensions in Ukraine raised fears of potential supply disruptions from Russia. With Russian troops massed on the border with Ukraine and three separatists killed overnight in eastern Ukraine, prospects of defusing the crisis at talks in Geneva appeared slim.

  • How states fared on unemployment benefit claims Thursday, 17 Apr 2014 | 9:37 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October 2007, two months before the Great Recession began. California: Down 13,982, due to fewer layoffs in services. Iowa: Down 1,266, due to fewer layoffs in manufacturing.

  • *First-quarter EPS $2.64 vs est. *Sales rise 24.4 pct to $904.2 mln; same-restaurant sales rise 13.4 pct. April 17- Chipotle Mexican Grill Inc raised its full-year sales forecast after reporting better-than-expected quarterly revenue as sales surged at established restaurants.

  • Weak Barbie sales weigh on Mattel 1Q Thursday, 17 Apr 2014 | 6:25 AM ET

    EL SEGUNDO, Calif.— Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. In addition, Mattel Inc. has been struggling with weakness in core brands like Barbie, which had a 14 percent drop in sales, and Fisher-Price, down 6 percent.

  • Jones, Godard, Cronenberg in competition at Cannes Thursday, 17 Apr 2014 | 6:23 AM ET

    PARIS— David Cronenberg deconstructs Hollywood, Tommy Lee Jones goes Western, and reclusive New Wave legend Jean-Luc Godard returns in 3- D in films competing for top honors at next month's Cannes Film Festival.

  • "X-Men" director accused of sex abuse in lawsuit Thursday, 17 Apr 2014 | 1:48 AM ET

    HONOLULU— A former child model and aspiring actor is accusing "X-Men" franchise director Bryan Singer of sexually abusing him as a teenager in a federal lawsuit filed in Hawaii.

  • Man to plead guilty in Disney insider info case Wednesday, 16 Apr 2014 | 8:47 PM ET

    LOS ANGELES— A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009..

  • Fired Yahoo exec gets $58M for 15 months of work Wednesday, 16 Apr 2014 | 7:25 PM ET

    SAN FRANCISCO— Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

  • Yahoo nominates co-founder, 2 others to join board Wednesday, 16 Apr 2014 | 6:52 PM ET

    SUNNYVALE, California— Yahoo co-founder David Filo is vying to rejoin the Internet company's board after an 18- year absence. The other nominees to the board are Charles Schwab, the founder of a stock brokerage that still bears his name, and H. Lee Scott Jr., the former CEO of Wal-Mart Stores Inc. Yahoo Inc. CEO Marissa Mayer is on Wal-Mart's board.

  • Business Highlights Wednesday, 16 Apr 2014 | 6:29 PM ET

    Why high oil prices are actually good for airlines. NEW YORK— Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. The average cost of a roundtrip domestic ticket grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.

  • Zoosk files for IPO valued at up to $100 million Wednesday, 16 Apr 2014 | 6:25 PM ET

    NEW YORK— Online dating service Zoosk is filing for an initial public offering worth as much as $100 million. The San Francisco company wants to list its shares on the New York Stock Exchange under the symbol "ZSK." Zoosk lost $20.7 million in 2012 and pared its deficit to $2.6 million in 2013, while its revenue grew 63 percent to $178.2 million.

  • Freight train industry to miss safety deadline Wednesday, 16 Apr 2014 | 6:11 PM ET

    WASHINGTON— Only one-fifth of its track will be equipped with mandatory safety technology to prevent the most catastrophic kinds of collisions and derailments by the deadline set by Congress, the freight railroad industry said Wednesday.

  • 2 House Dems pressing inquiry into VW vote Wednesday, 16 Apr 2014 | 6:01 PM ET

    WASHINGTON— Two House Democrats said Wednesday they are beginning their own inquiry into whether Tennessee state officials may have violated "or otherwise run afoul of" federal law by their alleged conduct ahead of a vote by workers at a Volkswagen factory in Chattanooga, Tenn., that rejected a bid to be represented by the United Auto Workers union.

Most Popular Video

Thursday, 17 Apr 2014 | 12:09 PM ET

CNBC's Scott Cohn reports Hampshire Hotel CEO Sant Singh Chatwal pleaded guilty in a campaign scheme.

Thursday, 17 Apr 2014 | 9:14 AM ET

CNBC's David Faber speaks with Weibo chairman Charles Chao, about Weibo's growth concerns and competition in the social space.

Thursday, 17 Apr 2014 | 8:15 AM ET

Nicole Miller Regan, Piper Jaffray, shares her thoughts on Chipotle's quarterly results, and discusses her $550 price target on the stock.