Before Detroit filed for bankruptcy, there was Stockton. The California city is nearly ready to climb out of bankruptcy but faces pension woes ahead.» Read More
*U.S. says China was dumping solar products. WASHINGTON, Oct 10- The United States on Wednesday set steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.
LOS ANGELES-- California gas prices dipped a half-penny Wednesday, the first drop after a week that saw prices surge a record 50 cents. Gas prices rose more than 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to a record $4.671, the largest one-week price spike in California history, AAA spokesman Avery Ash said.
WASHINGTON, Oct 10- The head of the Federal Trade Commission said his agency is "keenly aware" of record-high gas prices in California, and will not hesitate to pursue any violations of antitrust and anti-manipulation laws. Prices surged more than 50 cents a gallon last week and wholesale premiums rose nearly a dollar after refinery mishaps pinched supplies.
Toyota is recalling 7.43 million vehicles worldwide to fix faulty power-window switches. Here is a timeline of the earlier safety woes at Toyota:. _ Oct. 5, 2009: Toyota recalls 3.8 million Toyota and Lexus vehicles in the U.S. because floor mats could catch the gas pedal.
LOS ANGELES, Oct 10- A California man linked to an anti-Islam film that stoked violent protests in the Muslim world denied on Wednesday he had violated his probation on a fraud conviction, and was sent back to jail until his case can be heard on its merits.
In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."
Oct 10- Fitch Ratings has affirmed BancWest Corporation's Long-term Issuer Default Rating at' A'. Fitch has also affirmed the ratings of the subsidiary banks, Bank of the West and First Hawaiian Bank. Today's rating action on BWE was taken in conjunction with Fitch's Global Trading and Universal Bank review.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.
LOS ANGELES-- California gas prices dipped half a penny Wednesday, leaving experts split on where they will go next. Gas prices went up 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to $4.668, the largest one-week price spike in California history, said AAA spokesman Avery Ash.
Oct 10- Ellie Mae Inc:. *Ellie Mae and DocMagic announce settlement of lawsuit. court for district of northern California.
By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.
By Tim McLaughlin and Toni Clarke and Aaron Pressman. BOSTON, Oct 10- Ameridose LLC, a private company that mixes drugs for hospitals nationwide, sought on Wednesday to distance itself from the firm at the center of a deadly U.S. outbreak of fungal meningitis, even though the two pharmacies have common owners.
LOS ANGELES, Oct 10- CBS on Wednesday axed its new legal drama "Made in Jersey" after just two episodes, in the first cancellation of the new U.S. television season. But poor reviews and lower audiences for the second episode caused CBS to pull the new show from its schedule. CBS, owned by CBS Corp, has long been the most-watched of the four leading U.S.
Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.
NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Thursday.
Oct 10- Shares of refining companies with exposure to the volatile California fuel market fell sharply on Wednesday as an immediate supply crisis eased, but extended refinery outages threatened to keep pressure on gasoline prices.
By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale Of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.