Top News & Analysis California

  • Dec 14- Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday. Intel, which paid $7.7 billion for California- based McAfee in 2011, completed the sale of a 51 percent stake...

  • Dec 14- Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported https://www.cnbc.com/2018/12/14/intel-tpg-in-talks-to-sell-mcafee-to-thoma-bravo. h t m l on Friday, citing people familiar with the matter. Intel, which paid $7.7 billion for...

  • Dec 14- A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA. The Bureau of Ocean Energy Management announced the sale's three winners- Equinor Wind US LLC, Mayflower Wind Energy LLC, and...

  • Dec 13- PG&E Corp said on Thursday it had requested California's top utilities regulator for a 6.4 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations. The proposal does not request funding for potential lawsuits or claims resulting from the 2017 and 2018 Northern California...

  • Dec 14- A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from companies backed by European energy giants including Royal Dutch Shell Plc and Equinor ASA, the agency that conducted the sale said. The Bureau of Ocean Energy Management announced the sale's...

  • SAN FRANCISCO, Dec 14- California air quality regulators voted on Friday to require that transit buses have zero emissions beginning in 2029, another step by the liberal-leaning state that sets it apart from the environmental policies of the Trump administration. The move away from diesel buses will be a boon to companies such as Chinese automaker BYD, backed...

  • gift@ NEW YORK, Dec 14- Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. "It's imperative a dovish statement and an accommodative Q&A session," said Bucky Hellwig, senior vice president at BB&T Wealth Management in...

  • Most people who do not sign up for Obamacare insurance by Saturday's open enrollment deadline will not be able to obtain coverage until next fall, unless they have a qualifying life event such as getting married or having a child.

  • *Apple says ban unjustified, to hurt China suppliers- document. SHANGHAI/ SAN FRANCISCO, Dec 14- Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues. "Based on the iPhone models we offer today in China, we believe we...

  • The Federal Trade Commission's lawsuit in the U.S. District Court for the Northern District of California alleges that Qualcomm's patent licensing and chip sale practices were anticompetitive and sought to preserve a monopoly on so-called premium LTE modem chips, which help mobile phones connect to wireless data network. At the hearing in San Jose,...

  • The Federal Trade Commission's lawsuit in the U.S. District Court for the Northern District of California alleges that Qualcomm's patent licensing and chip sale practices were anticompetitive and sought to preserve a monopoly on so-called premium LTE modem chips, which help mobile phones connect to wireless data network. At the hearing in San Jose,...

  • The S&P oscillated between positive and negative territory after failing to sustain an opening rally spurred by hopes for progress in U.S.- China trade negotiations. A Chinese Commerce Ministry spokesman had said Washington and Beijing were in close contact over trade. Investors get excited in the morning and then their fears come back, "said Omar Aguilar,...

  • NEW YORK, Dec 13- A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as...

  • Dec 13- Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop. The San Jose, California- based company's net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a...

  • MOJAVE, Calif., Dec 13- A Virgin Galactic rocket plane reached space on Thursday and returned safely to the California desert, capping years of testing to become the first U.S. commercial human flight to breach Earth's atmosphere since America's shuttle program ended in 2011.. The successful test flight presages a new era of civilian space travel that could kick...

  • Dec 13- Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc acquired the upmarket grocer last year. Amazon's $13.7 billion purchase of Whole Foods rocked the U.S. grocery space in 2017 and the ecommerce giant has since steadily increased the speed of...

  • Dec 13- Deliv Inc, which uses contract drivers to deliver online orders from stores and malls for a fee, said on Thursday it is partnering with twenty new U.S. retailers including Nike and Bed Bath& Beyond as demand for same-day delivery surges. Deliv handles last-mile delivery to homes and businesses, for malls and retailers like Walmart Inc, Macy's Inc, Kohl's Corp...

  • Dec 13- Deliv Inc, which uses contract drivers to deliver online orders from stores and malls for a fee, said on Thursday it is partnering with twenty new U.S. retailers including Nike and Bed Bath& Beyond as demand for same-day delivery surges. Deliv handles last-mile delivery to homes and businesses, for malls and retailers like Walmart Inc, Macy's Inc, Kohl's Corp...

  • The iPhone maker also said it plans to expand in Seattle, San Diego and Culver City, California, and add hundreds of jobs in Pittsburgh, New York and Boulder, Colorado, over the next three years. The 133- acre campus in Austin will be less than a mile from Apple's existing facilities and initially have 5,000 employees. Austin is one of the fastest-growing U.S. cities...

  • MOJAVE, Calif., Dec 13- A Virgin Galactic rocket plane blasted to the edge of space on Thursday and returned safely to the California desert, capping off years of difficult testing to become the first U.S. commercial human flight to reach space since Americas shuttle program ended in 2011.. The test flight foreshadows a new era of civilian space travel that could...