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
PROVIDENCE, R.I.— The parent company of Gatehouse Media LLC on Tuesday announced an agreement to buy The Providence Journal and related print and digital assets from A.H. Belo Corp. for $46 million cash.
SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.
SUNNYVALE, Calif.— Intuitive Surgical Inc. on Tuesday reported profit that decreased by 35 percent in its second quarter, and beat analysts' expectations. The Sunnyvale, California- based company said earnings declined to $104 million, or $2.77 per share, from $159.1 million, or $3.90 per share, in the same quarter a year earlier.
IRVINE, Calif.— Broadcom Corp. on Tuesday reported a smaller loss in its second quarter, and topped analysts' expectations. Broadcom lost $251 million, or 43 cents per share, in the same quarter a year ago. Broadcom shares added 3.2 percent, or $1.25, to $40 in after-hours trading.
SAN FRANCISCO, July 22- Video game publisher Electronic Arts Inc reported better-than-expected revenue and profit for the first quarter, driven by robust sales of titles such as "Titanfall," digital revenue and cost control.
NEW YORK— LinkedIn Corp. is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals. LinkedIn said Tuesday that it is paying 90 percent in cash and the rest in stock for San Francisco- based Bizo.
MENLO PARK, Calif.— Robert Half International Inc. on Tuesday reported earnings that rose by 19 percent in its second quarter, and topped analysts' expectations. The Menlo Park, California- based company said earnings increased to $75.1 million, or 55 cents per share, from $63.1 million, or 46 cents per share, in the same quarter a year earlier.
LOS ANGELES— Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations.
SAN FRANCISCO— Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the company's fiscal third-quarter report.
July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chipotle Mexican Grill Inc., up $69.84 to $659.77. The commercial financing company is buying OneWest Bank in a $3.4 billion cash-and-stock deal, adding retail branches in California.
3. "Extant," CBS, 7.96 million. 4. "NCIS," CBS, 7.93 million. 5. "60 Minutes,' CBS, 7.9 million.
3. Party Party, Red Velvet Art LLC. 8. PAW Patrol Rescue Run, Nickelodeon. 1. Kim Kardashian: Hollywood, Glu Games Inc..
WASHINGTON— The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture Tuesday, thanks to an Internet flub involving reality TV star Kim Kardashian.
SAN FRANCISCO, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.
July 22- McDonald's Corp Chief Executive Don Thompson said the company feels "a bit deceived" by the audit it received for China supplier Shanghai Husi Food Co Ltd, which was shut down after a television report showed workers mishandling meat and mixing fresh meat with product past its expiration date.
July 22- A federal judge rejected Google Inc's bid to dismiss a privacy lawsuit claiming it commingled user data across different products and disclosed that data to advertisers without permission.
WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.
Mo Yun, a 42- year-old who was charged in this month with conspiring to steal trade secrets, was allowed to post $250,000 bond, must wear a GPS monitor and stay in a home in the Des Moines area between 10 p.m. and 7 a.m. daily.
*No significant likelihood of another bank deal- CEO John Thain. July 22- U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding.