The impact of natural disasters is being felt unevenly in California, but economists say the Golden State's economy won't suffer overall.» Read More
Cadillac to ditch Detroit for trendy NYC address. DETROIT— Cadillac wants a jolt from the city that never sleeps. General Motors' 112- year-old luxury car division, founded in Detroit and named for the city's founder, is moving its headquarters to New York.
SAN FRANCISCO— Apple's largest iPhone is selling for $100 more than its other new model, but a new report says it costs Apple only $15.50 more to make the more expensive version. The full, no-contract price for the 16- gigabyte iPhone 6 is $650. The iPhone 6 Plus retails for $750, but IHS says it costs Apple around $215.50.
WASHINGTON— The Obama administration says consumers in most states will have more insurance options next year under the president's health care law. The Health and Human Services department on Tuesday reported a net increase of 63 insurers joining the market in 43 states plus Washington, DC.
BRIDGEPORT, Conn.— A Connecticut couple is suing US Airways and an affiliate for allowing a California man now charged with kidnapping to fly their 14- year-old daughter to Sacramento last year. The Hamden, Connecticut, couple is accusing Arizona- based US Airways and affiliate Piedmont Airlines of negligence and infliction of emotional distress.
SAN FRANCISCO— State and federal officials sought Tuesday to bring order to California's boom for renewable-energy plants in the Mojave and other southern California deserts, releasing a roadmap covering 22.5 million acres that designates some areas for large-scale solar, wind and geothermal plants and others for conservation of desert habitat and animals.
*Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.
LOS ANGELES— An $8 billion project to supply the Los Angeles area with large amounts of electricity from a wind farm in Wyoming via an energy storage facility in Utah was proposed Tuesday by four companies.
NEW YORK— Coke, Pepsi and Dr Pepper said Tuesday they'll work to reduce the calories Americans get from beverages by 20 percent over the next decade by more aggressively marketing smaller sizes, bottled water and diet drinks.
NEW YORK, Sept 23- The largest soda makers in the United States promised on Tuesday to cut the calories in soft drinks nationwide by 20 percent by 2025..
OAKLAND, Calif.— Clorox has named Nick Vlahos and Dawn Willoughby to executive vice president and chief operating officer roles. Dorer will become CEO on Nov. 20 and will also join the Oakland, California company's board of directors. He will also have responsibility for Clorox Co.' s marketing, sales, product supply and research and development functions.
Wal-Mart Stores Inc, Toys R Us Inc and industry magazine Toy Insider have all picked the just-launched toy for their closely watched annual gifting guides.
One creative example: At the Missouri University of Science and Technology, a biology class is making old iPhones into microscopes. Using less than $10 worth of supplies, the old phones are mounted onto a lens and can magnify an object to 175 times its size. Even an old phone with a cracked screen can be repurposed, says Josh Smith, editor of GottaBeMobile.com.
SEATTLE— Seattle residents who fail to separate food waste from trash will be fined. Seattle Public Utilities estimates that about a third to one-half of what now goes in the trash should be recycled or put in compost bins.
The monumental paintings, each nearly 7 feet high, have never appeared at auction before and could bring a combined total of $130 million when they go up for bid on Nov. 12. The Brando silkscreen, created three years later, shows the Hollywood actor on a motorcycle and black leather jacket, an image that's repeated four times.
General Motors' 112- year-old luxury car division, founded in Detroit and named for the city's founder, is moving its headquarters to New York. "There is no city in the world where the inhabitants are more immersed in a premium lifestyle than in New York," Johann de Nysschen, the brand's new president, said in a statement issued Tuesday announcing the move.
MOGADISHU, Somalia— A German-American journalist who was kidnapped in Somalia more than two years ago was freed Tuesday, according to a Somali police official and a leader of the Somali pirates who had held him.
BUFFALO, N.Y.— The head of a solar power company and New York's governor have broken ground for a new factory at the site of a former steel mill in Buffalo. Lyndon Rive, chief executive of San Mateo, California- based SolarCity, says it can exponentially increase output capacity.
NEW YORK, Sept 23- Mohamed El-Erian expected to go quietly. The one-time heir apparent to Pimco investment chief Bill Gross had no idea leaving the firm would create a fire storm, and he gave no real consideration to staying on and working less.
*Jimmy Choo aims to join London stock market next month. PARIS/ LONDON, Sept 23- Jimmy Choo set out plans on Tuesday to join the London Stock Exchange next month in a deal that could value the upmarket shoe maker at more than 700 million pounds, seeking to woo investors with the prospect of expansion in Asia.
SAN DIEGO— An octogenarian philanthropist launched a bid to buy San Diego's dominant newspaper and turn it into one of the nation's largest nonprofit news organizations, while another major Southern California publisher ceased publication of its Los Angeles newspaper after only five months.