Top News & Analysis California

  • Acting administrator Dan Elwell told lawmakers last week that the FAA expected Boeing would complete its upgrade as early as March 25, kicking off the approval process. An FAA spokesman said Saturday that the agency expects to receive the software fix early next week. A U.S. official briefed on the matter Saturday said the FAA has not yet signed off on the upgrade...

  • LONDON, March 23- British entrepreneur Mike Lynch vigorously denies new U.S. criminal charges against him, his spokesman said on Saturday ahead of a court case over the sale of his firm Autonomy which will begin in London next week. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • CHICAGO, March 22- Southwest Airlines Co is sending a team to review Boeing Co's software upgrade for its 737 MAX airplanes, a spokeswoman told Reuters on Friday, even as it prepares to park its 34 MAX jets at a facility near the California desert. Boeing's signature jet was grounded across the world last week following a deadly Ethiopian Airlines crash near Addis...

  • CHICAGO, March 22- Southwest Airlines Co is sending experts from its technical pilot and training teams to review documentation and training associated with Boeing Co's updated speed trim system on its 737 MAX aircraft, a spokeswoman told Reuters on Friday. Southwest, the largest operator of 737 MAX in the world, is also preparing to park its 34 MAX jets at a...

  • ST. JOSEPH, Mo., March 22- Record floodwaters that submerged vast stretches of Nebraska and Iowa farmland along America's longest river reached a new crest on Friday at the waterfront city of St. Joseph, Missouri, forcing chaotic evacuations of thousands from low-lying areas. With emergency sirens blaring as the Missouri River rose to the top of the...

  • Musk is trying to avoid being held in contempt for violating his October 2018 fraud settlement with the SEC, for having tweeted at 7:15 p.m. EST on Feb. 19 to his over 24 million Twitter followers that Tesla could build around 500,000 vehicles in 2019.. SEC spokesman Ryan White declined to comment. Musk's settlement, including $20 million civil fines for both him...

  • PALM BEACH, Fla., March 22- U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the world's most important financial institution.

  • Cars Driving on the Golden Gate Bridge

    California accounted for nearly three out of every four nonfarm jobs created in the nation during February, according to data released Friday.

  • PALM BEACH, Fla., March 22- President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the worlds most important financial institution. Moore, who last year...

  • March 22- A major battery storage project that would help California replace three of its natural gas power plants may need to be scrapped as a result of PG&E Corp's bankruptcy, according to court documents filed this week. Because PG&E can reject contracts in bankruptcy, energy developer esVolta LP said in papers filed with the U.S. Bankruptcy Court in San...

  • *U.S. 3- yr/10-yr curve inverts, German yields turn negative. NEW YORK, March 22- Stocks around the world fell and U.S. Earlier, German 10- year bond yields dived below zero for the first time since October 2016 after German data showed manufacturing contracted in March for a third straight month.

  • March 22- U.S. prosecutors on Friday added three new criminal charges to their indictment against British entrepreneur Mike Lynch related to the $11.1 billion sale of his software company Autonomy to Hewlett-Packard in 2011.. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • March 22- Apple Inc is expected to unveil a new video streaming service and a news subscription platform at an event on Monday at its California headquarters. While the Wall Street Journal plans to join Apple's new subscription news service, other major publishers, including the New York Times and the Washington Post, have declined, according to a New York Times...

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  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing firm Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday, building on overtures to e-commerce company Amazon.com Inc.. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more...

  • Gov. Gavin Newsom discusses emergency preparedness during a visit to the California Department of Forestry and Fire Protection CalFire Colfax Station Tuesday, Jan. 8, 2019, in Colfax, Calif.

    California Gov. Gavin Newsom declared a statewide emergency Friday as result of "a vast tree die-off throughout the state" and deteriorating forest conditions that have increased the risk of wildfires.

  • *Japan manufacturing output falls the most in almost 3 years. LONDON/ TOKYO, March 22- Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in...

  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing giant Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more companies on board with the system aimed at promoting...

  • March 21- Tesla Inc's vehicle deliveries scheduled across Europe, China and North America should be a "primary priority" for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday. Deliveries set for two continents simultaneously with North America were a first for the Palo Alto,...

  • KANSAS CITY, Mo., March 21- Floodwaters that devastated swaths of Nebraska and Iowa rolled downstream along America's longest river on Thursday, swamping more Midwestern farmland as waterfront communities in Missouri and Kansas hurried to shore up strained levees. Flooding of the Missouri River triggered by last week's so-called "bomb cyclone" storm has...