GO
Loading...

California

More

  • BOSTON, Oct 20- Billionaire investor William Ackman, whose fund is the largest shareholder in Allergan Inc., and Valeant Pharmaceuticals said the botox maker's Chief Executive Officer David Pyott tried to discredit Valeant as it was making a hostile takeover bid, court documents showed. Ackman's hedge fund has been working with Valeant for months to craft a...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • Oct 20- Online book retailer Amazon.com Inc said on Monday it has signed a multiyear deal with Simon& Schuster Inc, the second Big-Five book publisher, on the future price of e-books. Amazon, which had been in talks with Simon& Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.

  • SAN FRANCISCO, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cybersecurity blog charged on Monday, saying it believes the country's government is behind the campaign. Unknown "Chinese authorities" interposed their own website between users and Apple's iCloud,...

  • Applying those precepts to IBM is proving particularly tricky as many of the company's old-line businesses have already been shut down or sold, while the units that are supposed to push future growth, such as cloud and security, face stiff competition. "I don't expect to see anything of that magnitude coming from IBM in part because they have systematically...

  • NEW YORK, Oct 20- Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company. Ceglia, a wood pellet salesman from Wellsville, New York, is not a defendant in Facebook's...

  • SAN FRANCISCO, Oct 20- Microsoft Corp will provide free cloud-computing and research applications to qualified medical researchers working on the Ebola virus, the software company's chief executive said on Monday. Azure is the name of Microsoft's cloud-computing platform, essentially a group of datacenters that allow users to access large amounts of...

  • East West Bancorp tops Wall Street 3Q forecasts Monday, 20 Oct 2014 | 5:12 PM ET

    PASADENA, Calif. _ East West Bancorp Inc. on Monday reported third-quarter profit of $88.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. For the current quarter ending in December, East West Bancorp expects its per-share earnings to range from 63 cents to 65 cents.

  • Ultra Clean reports 3Q loss Monday, 20 Oct 2014 | 5:01 PM ET

    HAYWARD, Calif. _ Ultra Clean Holdings Inc. on Monday reported a loss of $5.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share. For the current quarter ending in December, Ultra Clean expects its per-share earnings to range from 11 cents to 14 cents.

  • Record iPhone sales drive Apple's 3Q beat Monday, 20 Oct 2014 | 4:39 PM ET

    SAN FRANCISCO— The iPhone again proved to be the engine behind Apple's blockbuster financial performance, driving quarterly results well past expectations. He said the new iPhone models are "what's going to put fuel in Apple's growth engine." Apple said iPhone sales rose 21 percent over the same period a year earlier.

  • Kaiser misses 3Q profit forecasts Monday, 20 Oct 2014 | 4:39 PM ET

    FOOTHILL RANCH, Calif. _ Kaiser Aluminum Corp. on Monday reported third-quarter earnings of $15.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Analysts expected $338.3 million, according to Zacks.

  • Apple tops Street 4Q forecasts Monday, 20 Oct 2014 | 4:39 PM ET

    CUPERTINO, Calif. _ Apple Inc. on Monday reported earnings of $8.47 billion in its fiscal fourth quarter. Analysts expected $39.96 billion, according to Zacks. For the current quarter ending in December, Apple said it expects revenue in the range of $63.5 billion to $66.5 billion.

  • Apple Pay Q&A: What you need to know Monday, 20 Oct 2014 | 4:30 PM ET

    CUPERTINO, Calif.— Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.

  • Cadence tops Street 3Q forecasts Monday, 20 Oct 2014 | 4:27 PM ET

    SAN JOSE, Calif. _ Cadence Design Systems Inc. on Monday reported third-quarter earnings of $37.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Analysts expected $396.8 million, according to Zacks.

  • Rambus beats 3Q earnings expectations Monday, 20 Oct 2014 | 4:24 PM ET

    SUNNYVALE, Calif. _ Rambus Inc. on Monday reported earnings of $5.5 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. For the current quarter ending in December, Rambus said it expects revenue in the range of $70 million to $75 million.

  • Illumina beats Street 3Q forecasts Monday, 20 Oct 2014 | 4:13 PM ET

    SAN DIEGO _ Illumina Inc. on Monday reported earnings of $93.5 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Illumina expects full-year earnings in the range of $2.63 to $2.65 per share.

  • NEW YORK, Oct 20- Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who have represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company. Ceglia, a wood pellet salesman from Wellsville, New York, is not a defendant in Facebook's...

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 p.m. ET Monday, 20 Oct 2014 | 2:52 PM ET

    International Business Machines Corp reports a marked slowdown in business in September and abandons its 2015 operating earnings target, as weak client spending and a slumping software sector weighed down quarterly revenue. Valeant Pharmaceuticals International Inc says it may raise its bid for Botox maker Allergan Inc to more than $200 per share; the...

  • Facebook sues law firms, claims fraud Monday, 20 Oct 2014 | 2:46 PM ET

    Facebook Inc. and Zuckerberg filed a lawsuit Monday against DLA Piper and other law firms and lawyers, saying they conspired to file and prosecute a fraudulent lawsuit. DLA Piper is one of the world's largest business law firms. DLA Piper and the other named law firms knew the case was based on forged documents yet they pursued it anyway, and they should be held to...

  • Owner pleads guilty in Vegas puppy store fire case Monday, 20 Oct 2014 | 2:00 PM ET

    LAS VEGAS— A 35- year-old former Las Vegas pet shop owner pleaded guilty Monday to felony charges that could get her up to 24 years in state prison for setting fire to the business before 27 puppies and dogs were rescued earlier this year, a court official said. Store security video shows Lee and a man who prosecutors identify as co-defendant Kirk Bills setting...