Gap shares fell in extended-hours trading on Thursday after the clothing retailer missed revenue expectations and lowered its full-year guidance.» Read More
The FDA noted that the allegations, which date back to 2004, don't necessarily prove the drinks are linked to the deaths. The FDA caps the amount of caffeine in soda to 0.02 percent, but there is no such limit for energy drinks. Durbin and Blumenthal asked the FDA to look into the interactions between caffeine and the additives that are often found in energy drinks.
BOSTON, Oct 26- Massachusetts fined Citigroup $2 million to settle charges that two bank analysts improperly released confidential information about Facebook's financials before the technology company went public. Citi said its top Internet analyst, Mark Mahaney, who was involved in the Facebook matter, is no longer at the company.
SANTA ANA, Calif.-- A Stern Agee analyst reaffirmed his "Buy" rating on Ingram Micro on Friday, a day after the technology products company reported that its net income more than doubled in the third quarter as sales increased in North America, Latin America and the Asia Pacific region.
MILAN-- Just two days after announcing he won't run in spring elections, former Italian Premier Silvio Berlusconi was convicted of tax fraud and sentenced to four years in prison Friday in a verdict that could see him barred from public office for five years.
George Mitchell is stepping down from overseeing private settlement talks over the deadly San Bruno pipeline explosion. The California Public Utilities Commission appointed the former Senate Majority Leader earlier this month to mediate a settlement regarding whether Pacific Gas& Electric Co. should be fined for the blast.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.
SACRAMENTO, Calif.-- Charles Munger Sr. is best known as Warren Buffett's right-hand man, an investor who has turned his skill at picking winning companies into a billion-dollar fortune. He has passed some of his passion on to his children, two of whom are using their considerable fortune to transform California's political landscape this year.
Wells Fargo& Co. spokeswoman Vickee Adams said this week that once the company learned Eggers had received a waiver, it offered on Oct. 12 to rehire him in his old job at the same salary. But Eggers said that he won't accept the bank's offer to return to work unless Wells Fargo changes its background check policy.
NEW YORK-- Shares of Monster Beverage Corp. slid again Friday after two U.S. senators asked federal regulators to fix what they say are loopholes that allow energy drink makers to sell products with additives and high levels of caffeine they say "have not been proven safe."
NEW YORK-- Shares of NetSuite Inc., which provides business management software over the Internet, jumped Friday after the company announced better-than-expected third-quarter results. THE SPARK: NetSuite posted a loss of $8 million, or 11 cents per share, compared with a loss of $6.9 million, or 10 cents per share, in the same quarter last year.
WASHINGTON-- Federal agencies are planning the first official measure of the arts and culture sector's impact on the nation's economic growth. The National Endowment for the Arts announced a partnership Friday with the U.S. Bureau of Economic Analysis to identify and calculate the contributions of the creative sector to U.S. gross domestic product.
NEW YORK-- Fitch Ratings lowered its outlook on Safeway Inc. to negative on Friday, citing the supermarket chain's weak sales and shrinking market share. The rating agency kept its "BBB-" long-term issuer default rating on Safeway, the country's second-largest traditional grocery chain.
IRVINE, Calif.-- Quality Systems' fiscal second-quarter net income declined 23 percent, weighed down by lower software license sales. Quality Systems earned $15.7 million, or 26 cents per share, compared with $20.5 million, or 35 cents per share, a year earlier.
SAN FRANCISCO, Oct 26- Pension changes recently endorsed by the Los Angeles city council don't go far enough for former Mayor Richard Riordan, who aims to put more aggressive fixes on the city's May 2013 ballot.
NEW YORK-- No love for Uggs: Shares of the sheepskin boots maker, Deckers Outdoor Corp., tumbled 16 percent Friday to a three-year low because consumers have turned away just before the start of the holiday shopping season. The Goleta, Calif., company had previously predicted that profit would jump 22 percent in those months.
MILAN-- A court in Milan Friday convicted former Premier Silvio Berlusconi of tax fraud and sentenced the media mogul to four years in prison, his first prison sentence in years of criminal probes. In Italy, cases must pass two levels of appeal before the verdicts are final.
LOS ANGELES-- President Barack Obama is urging the end to another sports labor dispute. While taking questions from viewers on NBC's "Tonight Show" with Jay Leno on Wednesday, he was asked if he could pull any strings to end the NHL lockout. The president sent a tweet last month urging the NFL and its officials to end their labor dispute.
*Most promising cleantech IPO since Tesla Motors. As a result, SolarCity is being hailed as the alternative energy industry's most promising IPO candidate since electric car company Tesla Motors Inc's 2010 debut.
NASHVILLE, Tenn.-- Chris Offutt doesn't have HBO, so he's going to head over to a neighbor's house Sunday night to watch "Treme." He's felt the lure of Hollywood, heard the Sirens in the distance. And the 54- year-old Kentucky native has experienced enough success as a screenwriter and story editor on TV's brainiest shows that it felt real.
DOWNEY, Calif.-- Authorities say a man held for questioning matches the description of a gunman who killed three people and critically wounded two others at a family-owned fire extinguisher business and a relative's nearby home in suburban Los Angeles.