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  • Southern California home prices rise in September Friday, 12 Oct 2012 | 4:41 PM ET

    SAN DIEGO-- Southern California home prices posted a sixth straight annual increase in September as buying shifted to more expensive houses along the coast and the supply of heavily discounted foreclosed properties dwindled, a research firm reported Friday.

  • *Worries persist over whether Spain will request aid. Treasuries prices advanced on Friday as data showed muted underlying U.S. inflation, with investors looking ahead to a key European Union leaders' summit, a possible bailout request from Spain and more data in the coming week.

  • Earnings Preview: Mattel to report 3Q results Friday, 12 Oct 2012 | 4:13 PM ET

    NEW YORK-- Analysts expect that Mattel Inc.' s third-quarter net income and revenue to rise as shoppers snap up its Monster High and Barbie dolls, among other toys, ahead of the busy holiday season.

  • Satellite destroyed following SpaceX rocket glitch Friday, 12 Oct 2012 | 3:59 PM ET

    *Orbcomm had $10 million insurance policy on mission. CAPE CANAVERAL, Fla., Oct 12- An experimental communications satellite flying piggyback aboard a Space Exploration Technologies' Falcon 9 rocket fell out of orbit and burned up in the atmosphere following a problem during liftoff, satellite operator Orbcomm said on Friday.

  • TEXT-S&P may cut Advanced Micro Devices 'BB-' rating Friday, 12 Oct 2012 | 3:44 PM ET

    --U.S. semiconductor supplier Advanced Micro Devices Inc. has released preliminary financial results for the quarter ended September 2012, which contained weaker results than we had anticipated and underperformance relative to its primary competitor, Intel.

  • XenoPort extends slump after analyst's downgrade Friday, 12 Oct 2012 | 3:24 PM ET

    NEW YORK-- Shares of XenoPort Inc. fell Friday after a Piper Jaffray analyst downgraded the stock, saying the company's experimental multiple sclerosis drug is years away from marketing approval or a development partnership.

  • stock listing back in May, the Pleasanton, California- based company opened New York Stock Exchange trading at $48.05. Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share. The IPO values the company, founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, at almost $4.5 billion.

  • *Smaller tablet would be new segment for Apple. SAN FRANCISCO, Oct 12- Apple Inc will host an event on Oct. 23, said a source familiar with the plan, in what is expected to be the unveiling of a smaller iPad to venture into a market staked out well in advance by rivals Amazon.com Inc and Google Inc.

  • Citigroup downgrades Seagate, Western Digital Friday, 12 Oct 2012 | 3:06 PM ET

    NEW YORK-- A Citigroup analyst on Friday downgraded the shares of Seagate Technology PLC and Western Digital Corp., two leading makers of hard drives, to "Sell" from "Buy" because he sees weakness not just in the PC sector, but in corporate spending on servers and storage arrays, which also use hard drives.

  • US drops 2 to 1,835 rigs exploring for oil, gas Friday, 12 Oct 2012 | 2:58 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.

  • Consumer-debt bond volume expected to taper off Friday, 12 Oct 2012 | 2:58 PM ET

    By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.

  • Oct 12- Wells Fargo& Co's independent brokerage business has expanded in Florida and Oregon with veteran adviser teams that joined the company from rival firms UBS Wealth Management Americas and Bank of America's Merrill Lynch.

  • Gold Retreats Into the Close     Friday, 12 Oct 2012 | 1:31 PM ET

    Gold is posting its biggest weekly decline in 2 months, reports CNBC's Sharon Epperson.

  • Elvis' Beverly Hills estate up for sale Friday, 12 Oct 2012 | 1:17 PM ET

    MEMPHIS, Tenn.-- The Beverly Hills home where the late Elvis Presley and his wife Priscilla once lived is up for sale, real estate website operator Trulia said. The house hit the market Wednesday for $12.9 million, according to Trulia.

  • Rain, hail, lightning and mountain snow for SoCal Friday, 12 Oct 2012 | 1:15 PM ET

    FONTANA, Calif.-- Firefighters say the roof of a motorcycle warehouse in Fontana collapsed after a foot of rain water backed up behind clogged drains. San Bernardino County firefighters were called about 5 p.m. Thursday, after a heavy downpour.

  • *Smaller tablet would be new segment for Apple. SAN FRANCISCO, Oct 12- Apple Inc will host an event on Oct. 23, said a source familiar with the plan, in what is expected to be the unveiling of a smaller iPad to venture into a market staked out well in advance by rivals Amazon.com Inc and Google Inc.

  • FDA extends review of Impax Labs Parkinson's drug Friday, 12 Oct 2012 | 11:33 AM ET

    HAYWARD, Calif.-- Impax Laboratories Inc. said Friday that the Food and Drug Administration is extending a review of its Parkinson's disease drug Rytary by three months until Jan. 21. Impax developed Rytary through a partnership with British drugmaker GlaxoSmithKline PLC. Shares of Impax Laboratories rose 2 cents to $26.07 in midday trading Friday.

  • SAN FRANCISCO, Oct 12- Micron Technology's chief executive said he expects to complete the acquisition of failed Japanese memory chipmaker Elpida Memory Inc in the first half of next year, despite opposition from a group of bondholders.

  • AMD shares hit multi-year low after warning Friday, 12 Oct 2012 | 11:06 AM ET

    NEW YORK-- Shares of chipmaker Advanced Micro Devices Inc. hit a multi-year low Friday after it warned that sales in the latest quarter were well below its forecast.

  • LA freeway construction worker crushed by beam Friday, 12 Oct 2012 | 11:02 AM ET

    Hundreds of workers and a lot of heavy machinery is involved in the project, but Thursday's accident was the first serious one reported since construction began in 2009, said Mark Littman, spokesman for the Los Angeles County Metropolitan Transportation Authority, which is overseeing the project.