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  • UPDATE 1-Chip gear maker Applied Materials to cut jobs Wednesday, 3 Oct 2012 | 5:40 PM ET

    Oct 3- Applied Materials Inc said it would cut its workforce by between 6 percent and 9 percent to reduce costs as it struggles with a slowdown in its chip manufacturing equipment business and troubles at its solar and display groups.

  • US gas prices trickle lower except on coasts Wednesday, 3 Oct 2012 | 5:12 PM ET

    Motorists in California paid an average of $4.232 per gallon Wednesday. That's 45 cents higher than the national average and exceeded only by Hawaii among the 50 states. Prices in New York, Connecticut and New Hampshire are at or near highs for the year.

  • SAN FRANCISCO, Oct 3- Venture capitalist Ben Horowitz is famous for starting his blog posts with rap lyrics. His firm, Andreessen Horowitz, announced Wednesday a $15 million investment in Rap Genius, a website using crowdsourcing to dig into and explain arcane details of rap lyrics.

  • US cities with the highest and lowest unemployment Wednesday, 3 Oct 2012 | 4:13 PM ET
  • Oct 3- RBC Wealth Management, a division of the Royal Bank of Canada, has expanded its broker force in Colorado with a veteran team of advisers from Bank of America's Merrill Lynch.

  • Unemployment rates in August for Western US cities Wednesday, 3 Oct 2012 | 3:43 PM ET
  • SAN FRANCISCO, Oct 3- Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.

  • Biolase gets US, EU approval for new dental laser Wednesday, 3 Oct 2012 | 3:19 PM ET

    NEW YORK-- Shares of Biolase Inc. soared Wednesday after the maker of medical lasers said that U.S. and European Union regulators have approved its newest dental laser.

  • Oil drops 4 pct on signs of slower growth in China Wednesday, 3 Oct 2012 | 3:08 PM ET

    Oil fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. Benchmark oil fell $3.75, or 4.1 percent, to $88.14 per barrel Wednesday in New York.

  • *Lawyer to amend suit, file new charges with California authorities. *New twist in case that shook up Silicon Valley By Sarah McBride. SAN FRANCISCO, Oct 3- A sexual harassment lawsuit that has rocked Silicon Valley has taken another turn, with the Kleiner Perkins Caufield& Byers partner who filed the suit saying the firm told her on Monday to "leave and not come back."

  • Thoratec rises following analyst upgrade to 'Buy' Wednesday, 3 Oct 2012 | 2:21 PM ET

    NEW YORK-- Thoratec Corp. shares rose Wednesday after a UBS analyst upgraded the stock, saying he is more confident in the heart device maker's growth prospects. THE SPARK: Analyst Rajeev Jashnani raised his rating on Thoratec shares to "Buy" from "Neutral," and increased his price target to $39 per share from $35.

  • Pennsylvania Ave. joins list of endangered spaces Wednesday, 3 Oct 2012 | 2:16 PM ET

    WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.

  • Analyst says Netflix customers happier; shares up Wednesday, 3 Oct 2012 | 2:11 PM ET

    LOS ANGELES-- Netflix Inc. shares rose Wednesday after an analyst said customer satisfaction is on the rise following the price hike last year that irked subscribers. Internet users, including about half that either had a Netflix subscription or are currently subscribers.

  • California Cities in 'Conga Line' For Fiscal Trouble Wednesday, 3 Oct 2012 | 2:06 PM ET
    Stockton, California

    Which California city will go bankrupt next?  It could be the city of Atwater, where civic leaders will vote Wednesday night on declaring a fiscal emergency. 

  • Novelist Helprin spins a good yarn in life and art Wednesday, 3 Oct 2012 | 1:58 PM ET

    * "In Sunlight and In Shadow" focuses on old New York. NEW YORK, Oct 3- Listening to novelist and political commentator Mark Helprin recount his life is a bit like listening to Forrest Gump- an eloquent, New York- born Forrest Gump. It matches his previous novels in scope and length and carries on the author's fascination with old New York.

  • U.S. West Nile outbreak likely to be second-worst -CDC Wednesday, 3 Oct 2012 | 1:53 PM ET

    Oct 3- The outbreak of West Nile virus that has hit Texas and other states remains on pace to make 2012 the second-worst year on record for the disease in the United States, with another 424 cases and 16 deaths reported last week, government figures showed on Wednesday.

  • Barber becomes sole CEO of MGM movie studio Wednesday, 3 Oct 2012 | 1:39 PM ET

    LOS ANGELES-- Metro-Goldwyn-Mayer Inc., the movie studio that is co-financing the upcoming James Bond film, "Skyfall," said Wednesday that Gary Barber will be the sole chairman and CEO of the studio, as Roger Birnbaum moves to the role of producer after sharing the MGM leadership role for almost two years.

  • Oct 3- Alere Inc said it reached an agreement with U.S. health regulators on product specifications related to the manufacture of its diagnostic test for critical disease.

  • Unemployment falls in nearly 90 pct. of US cities Wednesday, 3 Oct 2012 | 1:29 PM ET

    WASHINGTON-- Unemployment rates fell in August in nearly 90 percent of large U.S. metro areas, mainly because more people gave up looking for work. The Labor Department said Wednesday that unemployment rates dropped in 329 large cities, the most in four months.

  • SAN FRANCISCO, Oct 3- Hewlett-Packard offered a 2013 earnings outlook on Wednesday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.