Over 80 percent of California is now in extreme or exceptional drought. CNBC's Jane Wells reports UC Davis predicts this will cost the state $2.2 billion.» Read More
*Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.
SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.
HELSINKI, Sept 30- Phone maker Nokia Oyj. will announce on Monday a deal that will give Oracle Corp's customers access to its mapping services, Nokia said on Monday. In stark contrast with Nokia's troubled phone business, sales at Nokia's location business grew last quarter, although it still generates only 4 percent of group revenue.
Oct 1- General Motors Co is recalling about 41,000 Chevrolet, Pontiac and Saturn cars in the United States because of concerns that a defective plastic part might cause a fuel leak, according to the National Highway Traffic Safety Administration.
WASHINGTON-- The U.S. Chamber of Commerce, which has spent tens of millions of dollars on television ads to help boost Republican congressional candidates, launched an extensive effort on Monday to mobilize voters. It also will include information on House and Senate races and a comparison of the candidates on the issues.
Oct 1- The U.S. Supreme Court, back in session today after its summer recess, is expected to take up a closely watched case that could help it decide whether American judges are empowered to hear lawsuits over human rights atrocities abroad.
NEW YORK-- German business software maker SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online.
--We expect U.S. analog semiconductor manufacturer Intersil's revenues to be flat to modestly lower, on a sequential basis, over the next two quarters, as a result of continued difficult global macroeconomic environment in the second half of 2012..
Jerry Brown on Sunday announced that he had vetoed legislation that would have provided overtime pay, meal breaks and other labor protections to an estimated 200,000 caregivers, nannies and house cleaners in California.
WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.
For a special few, a house is a blank canvas on which to paint their personality, a stage for their creativity including tributes to television shows, movies, superheroes and sports.
Using data from USASpending.gov,an OMB website, CNBC.com presents the 10 states that received the most federal dollars per capita in fiscal year 2011.
Gov. Jerry Brown of California announced when he came into office last year that he had found an alarming $28 billion “wall of debt” looming over the state, which had to be dismantled. Since then, he has slowed the issuance of municipal bonds, called for spending cuts and tried to persuade the state’s famously antitax voters to approve a tax increase this fall the New York Times reports.
The search for those behind the provocative, anti-Muslim film implicated in violent protests in Egypt and Libya led to a California Coptic Christian convicted of financial crimes who acknowledged his role in managing and providing logistics for the production.
California continues to have the third highest unemployment rate in the nation, at 10.7 percent. But there is one job opening, and it's paying six figures—chief economist.
According to the most recent annual report from the USDA, it now costs $234,900 to provide a child with 17 years of food, shelter, and other necessities. Click to learn more.
NBC News' Miguel Almaguer reports on wildfire problems in Northern California, and CNBC's Jane Wells says the state has consistently underestimated how much money it will need to fight wildfires.
An oil analyst says California is one more shutdown away from a serious energy crisis, which could bring $5 or $6 gas, reports CNBC's Jane Wells.
For some of the most exclusive addresses, there are distinctive features that set them apart from the rest. Check out this list of multimillion dollar homes with big surprises, courtesy of TopTenRealEstateDeals.com.
There's a different sort of drought plaguing California, the nation's largest farm state. It's $38 billion agricultural sector is facing a scarcity of labor.