There weren't as many fireworks at the Memorial Day weekend box office, as newcomer "Tomorrowland" disappointed with a $32.2 million debut.» Read More
LOS ANGELES, Oct 4- Pump prices in California have soared this week and are poised to break a record set in the summer of 2008 due to low inventories and disruptions at key Golden State refineries. The state average for a gallon of regular gasoline jumped to $4.315 on Thursday, 18.2 cents higher than last week and 49 cents higher than a year ago, according to AAA data.
SAN FRANCISCO-- The cost of gasoline in California jumped 8 cents overnight and is poised to soar to the highest point this year in what analysts say is a supply problem fueled by refinery and pipeline outages.
More than 37 million watched the 90- minute encounter on the four leading broadcast networks and 21 million turned to cable news channels CNN, Fox News and MSNBC, according to preliminary figures from Nielsen media. The viewing figures are expected to rise when final data is released by Nielsen later on Thursday that will include smaller TV networks.
NEW YORK-- Shares of Informatica Corp. tumbled Thursday after the business software maker forecast weak results in the third quarter, pointing to its struggling business in Europe. Informatica said it expects adjusted net income of 25 to 27 cents per share and $189 million to $191 million in revenue in the third quarter.
SAN FRANCISCO-- CollabRx, which develops technology that is used in genetic-based medicine, is teaming up with Life Technologies Corp. in a molecular diagnostics collaboration focused on cancer patients.
--U.S.-based Apria Healthcare Group reported negative $64 million of discretionary cash flow for the first half of 2012.. --The magnitude of the cash flow deficit raises doubt that the company will reduce its cash flow to our estimate of less than negative $20 million by the end of 2012 and return to positive free operating cash flow in 2013..
*Facebook confirms billion-user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
New Jersey residents receiving Medicaid benefits may find it easier to get care at home rather than move into a nursing home, under changes state officials are planning since getting federal approval to make them. The state will receive the same amount of money from the federal Medicaid program _ more than $5 billion per year.
NEW YORK-- Shares of NuVasive Inc. lost about a third of their value Thursday after the spinal device maker said its third-quarter revenue will come up short of its previous estimates. THE SPARK: After the market closed Wednesday, NuVasive said it expects about $147 million in revenue in the third quarter.
NEW YORK, Oct 4- Wells Fargo& Co has transferred Jim Hays, a veteran wealth management executive who had run its large brokerage network, to oversee a smaller group of brokers at the bank's branches.
WASHINGTON-- A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. The law enforcement effort focused on fraudulent Medicare schemes in Baton Rouge, La.; Brooklyn, N.Y.; Chicago; Dallas; Houston; Los Angeles and Miami.
Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.
Avery Dennison Corp.' s shares plunged Thursday after 3 M Co. dissolved plans to buy its office and consumer products business. THE SPARK: Avery Dennison and 3 M announced Wednesday that the maker of Post-It notes would not move forward with the deal. 3 M had agreed in January to buy the division for $550 million.
Google acquired Motorola in May for $12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd. But many investors and analysts have questioned Google's need to be in the hardware business, where profit margins are lower and Google has little experience.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
*NRC must approve of San Onofre Unit 2 restart. Oct 4- U.S. nuclear regulators said Thursday they would take months to review Southern California Edison's plan to restart a reactor at the long idled San Onofre nuclear power plant in California.
NEW YORK/ SAN FRANCISCO, Oct 4- Amazon.com Inc. Take Apple Inc, for example. Now Samsung Electronics Co Ltd, Amazon, Microsoft Corp and other tablet and smartphone makers are stepping up with big spending on TV spots, print ads, guerilla marketing stunts and over-the-top launch events.
*Square expands Starbucks' mobile payment options. Oct 4- Smartphone-wielding Starbucks customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.
NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.
ALBANY, N.Y.-- New York is being recognized for being an energy-efficient state. The American Council for an Energy-Efficient Economy rated New York No. 3 behind Massachusetts and California in its state-by-state scorecard for energy efficiency released Wednesday.