Governor Jerry Brown issued an executive order slashing water use by 25 percent to deal with a drought that just won't quit. NBC News reports.» Read More
SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 13 percent higher.
SEATTLE, Oct 24- Firm sales numbers for Microsoft Corp's Windows 8 and its new Surface tablet will not be available for three months, but it may be clear long before then if it has a hit on its hands.
WASHINGTON, Oct 24- Biofuels made from algae, promoted by President Barack Obama as a possible way to help wean Americans off foreign oil, cannot be made now on a large scale without using unsustainable amounts of energy, water and fertilizer, the U.S. National Research Council reported on Wednesday.
WASHINGTON, Oct 24- South Korea's Samsung Electronics, the world's top maker of smartphones, infringed Apple patents to make its smartphones and tablets, a U.S. trade panel judge said in a preliminary decision issued on W edn esday. The full International Trade Commission will decide in February whether to uphold or reject the judge's decision.
Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.
SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 12 percent higher. The news proved a rare bright spot for Zynga, which is trying to stave off user losses that prompted it to slash its 2012 outlook twice in recent months.
NEW YORK, Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.
SAN FRANCISCO, Oct 24- Billionaire hedge fund manager Tom Steyer says he will focus on pushing California toward an alternative energy future when he steps down from the company he founded, Farallon Capital.
SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat Wall Street's rock-bottom expectations. Shares of Zynga jumped 16 percent to $2.47 in after-hours trade. The news was a bright spot after Zynga slashed its 2012 outlook earlier this month.
SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat the Street's rock-bottom expectations.
LOS ANGELES-- Ryland Group Inc. said Wednesday it returned to a profit in the third quarter, as the homebuilder sold more homes and benefited from higher prices. The results trumped Wall Street's expectations, sending shares in the Westlake Village, Calif., company up more than 5 percent in after-hours trading.
*SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.
MANHATTAN BEACH, Calif.-- Shoe designer and retailer Skechers USA Inc. said Wednesday that its net income rose 39 percent as revenue from its wholesale division and its own stores grew. Net income for the three months ended Sept. 30 rose to $11.6 million, or 22 cents per share, from $8.4 million, or 17 cents per share, last year.
Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.
Credit Suisse Securities LLC, BofA Merrill Lynch and Leerink Swann LLC will act as joint managers. The company hopes to file in late 2013, triggering a 10- month review process by the FDA. The FDA refused to approve the drug in February 2011.
CALABASAS HILLS, Calif.-- The Cheesecake Factory reported a 32 percent rise in quarterly earnings Wednesday as more customers showed up to eat at its restaurants. Net income for the third quarter was $27.2 million, or 49 cents per share. Comparable sales at Cheesecake Factory restaurants rose 2.9 percent from a year earlier.
CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.
MOBERLY, Mo.-- An auction of assets left over from Moberly's failed artificial sweetener factory drew curious onlookers and piecemeal bidders Wednesday but no large company swooping in to replace a project once cast as the small city's economic salvation.
LOS ANGELES-- An audit of the U.S. Department of Education's division overseeing hundreds of millions of dollars in charter school funding has criticized the office for failing to properly monitor how states spend the money.
SAN DIEGO-- Medical device maker NuVasive Inc. said Wednesday that it turned a profit in the third quarter, and its shares bounced back as its earnings topped estimates. NuVasive said its revenue grew 12 percent to $148.4 million. NuVasive reported net income of $2.4 million, or 5 cents per share.