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  • Oakland goes to court for embattled pot dispensary Wednesday, 10 Oct 2012 | 7:45 PM ET

    SAN FRANCISCO-- An Oakland medical marijuana dispensary that bills itself as the world's largest gained an unusual ally Wednesday in its fight to stop federal prosecutors from shutting it down: the city government.

  • SAN FRANCISCO, Oct 10- Amazon.com Inc received approval from the U.S. Federal Communications Commission to sell its high-end Kindle Fire 4 G tablets, a company spokeswoman said on Wednesday. Amazon unveiled the new tablets last month, but the devices had not secured FCC clearance.

  • SAN FRANCISCO, Oct 10- Amazon.com Inc got approval from the U.S. Federal Communications Commission to sell its high-end Kindle Fire 4 G tablets, a company spokeswoman said on Wednesday. Amazon unveiled the new tablets last month, but the devices had not yet secured FCC clearance.

  • Lenovo knocks HP off top of global PC market -Gartner Wednesday, 10 Oct 2012 | 7:04 PM ET

    SAN FRANCISCO, Oct 10- China's Lenovo Group Ltd. to become the world's No. 1 PC maker in the third quarter, according to new data released by research house Gartner on Wednesday. A rival to Gartner, IDC, still ranks HP in the lead-- but by less than half a percentage point-- in terms of PC shipments worldwide.

  • SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.

  • California gas prices drop by a half-penny Wednesday, 10 Oct 2012 | 6:09 PM ET

    LOS ANGELES-- California gas prices dipped a half-penny Wednesday, the first drop after a week that saw prices surge a record 50 cents. Gas prices rose more than 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to a record $4.671, the largest one-week price spike in California history, AAA spokesman Avery Ash said.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • California gas prices drop by half a penny Wednesday, 10 Oct 2012 | 4:22 PM ET

    LOS ANGELES-- California gas prices dipped half a penny Wednesday, leaving experts split on where they will go next. Gas prices went up 50 cents a gallon between Oct. 1 and Oct. 8, from $4.168 to $4.668, the largest one-week price spike in California history, said AAA spokesman Avery Ash.

  • By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.

  • SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.

  • By Richard Leong and Luciana Lopez. While traders had sold off earlier in the day to prepare for the $21 billion sale Of 10- year notes, part of this week's $66 billion in coupon-bearing offerings, Treasuries retraced that lost ground after the auction.

  • Analyst: Wal-Mart shipping no big threat to Amazon Wednesday, 10 Oct 2012 | 2:29 PM ET

    Caris& Co. analyst Scott Tilghman said in a research note Wednesday that Wal-Mart Stores Inc.' s recently announced plans for same-day shipping is not the threat to Amazon.com Inc. that some perceived it to be. Wal-Mart's program offers fewer products and is being offered in five markets, versus the 10 being tested by Amazon.

  • California gas prices see small drop Wednesday, 10 Oct 2012 | 2:02 PM ET

    LOS ANGELES-- California gas prices dipped slightly Wednesday after surging more than 40 cents a gallon in the past week. The weeklong spike was the largest, single-state weekly increase since Hurricane Katrina, and the highest weekly increase in California history, AAA spokesman Avery Ash said.

  • Groupon eyes restaurants with nationwide POS offering Wednesday, 10 Oct 2012 | 7:15 AM ET

    SAN FRANCISCO, Oct 10- Groupon Inc launched a point-of-sale service called Breadcrumb across the United States on Wednesday as the world's largest daily deal company tries to win more restaurants as clients. Groupon acquired the business in May. Groupon is a pioneer in daily deals, which are heavily discounted online offers for local services.

  • Data-center company IO wins $90 million in venture cash Wednesday, 10 Oct 2012 | 7:01 AM ET

    SAN FRANCISCO, Oct 10- Data-center company IO has raised $90 million from venture-capital backers, the company said on Wednesday, illustrating the growing profile of enterprise-oriented investments compared to consumer companies in Silicon Valley.

  • Crowdsourcing goes to Hollywood as Amazon makes movies Wednesday, 10 Oct 2012 | 7:00 AM ET

    *Amazon has 21 movie projects, 9 TV projects in development. *Amazon to post trial videos and seek feedback. SAN FRANCISCO, Oct 10- Amazon.com Inc is producing its own movies and TV programming using the consumer tracking and data crunching skills it developed while becoming the world's largest Internet retailer.

  • Zynga down on Piper Jaffray downgrade Wednesday, 10 Oct 2012 | 12:31 AM ET

    NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.

  • SAN FRANCISCO Oct. 9, 2012-- Although U.S. housing finance agency profitability and loan performance have declined since 2008 because of low interest rates, equity is stable and high because of intact reserves, providing more security for these issuers' general obligation debt and some other obligations, according to a report published today on RatingsDirect on the Global Credit Portal.

  • SAN FRANCISCO Oct. 9, 2012-- U.S. housing finance agency loans and prime loans in the states where HFAs operate performed virtually the same in the second quarter of 2012, according to a report published today on RatingsDirect on the Global Credit Portal.

  • Moody's targets Calif. cities for downgrades Tuesday, 9 Oct 2012 | 8:40 PM ET

    Moody's Investors Service will scrutinize the ratings of various types of bonds in 30 California cities. "California cities operate under more rigid revenue raising constraints than cities in many other parts of the country," Eric Hoffmann, who heads Moody's California local government ratings team, said in a statement. "

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