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Top News & Analysis California

  • TUSTIN, Calif. _ Peregrine Pharmaceuticals Inc. on Monday reported a loss of $12.6 million in its fiscal second quarter. The Tustin, California- based company said it had a loss of 31 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Dec 11- Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement agreement ahead of a shareholder meeting this week. San Francisco- based Marcato has urged Deckers to sell off pieces of the company, buy back shares and overhaul...

  • WASHINGTON— Interior Secretary Ryan Zinke and House Republicans have escalated their feud with Patagonia after the outdoor retailer told Americans that President Donald Trump "stole your land" in his move to shrink two sprawling Utah national monuments. The dispute pitting the GOP against a private company raised questions about use of taxpayer resources...

  • California's Thomas wildfire swells to 230,000 acres, now larger than NYC

    Crews battling a massive wind-driven California wildfire that has torched nearly 800 buildings and charred 230,000 acres are bracing on Monday to protect communities menaced by flames along the state's scenic coastline.

  • SAN FRANCISCO— Apple has bought Shazam, the maker of a song-recognition app that Apple's digital assistant Siri has already been using to help people identify the music playing on their iPhones. Apple Inc. issued a statement describing Shazam as "natural fit" with its services. The Shazam deal marks Apple's biggest acquisition in music since paying $3 billion...

  • Thomas Fire now larger than all of New York City

    CNBC's Jane Wells reports the latest details on wildfires sweeping through Southern California.

  • SAN FRANCISCO, Dec 11- Silicon Valley lending startup Affirm said on Monday it has raised $200 million in a fresh round of funding, boosting prospects as the firm aims to go after the market for millennial shoppers needing loans. The Singapore government's sovereign wealth fund, GIC, led the round, and was joined by earlier investors including Khosla Ventures,...

  • President Donald Trump's rejection of the Paris climate accord. Trump has expressed skepticism about global warming and said the Paris accord would hurt U.S. business. President Donald Trump's rejection of the Paris climate accord.

  • SAN FRANSICO, Dec 11- Apple Inc on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.- based app that lets users identify songs by pointing a smart phone at the audio source. Technology news website TechCrunch reported the deal on Friday with a price of as much as $400 million, far short of the most recent $1 billion valuation for...

  • The White House said Monday that Trump's pitch will focus on how the GOP tax reform plan will lead to a brighter future for taxpayers and their families, according to spokeswoman Lindsay Walters. House and Senate negotiators are rushing to finalize a bill and deliver the measure to Trump before Christmas. The House and Senate tax bills combine steep tax cuts for...

  • A US Forestry Firefighter battles a wild fire in Southern California.

    CNBC's Jane Wells reports the latest on the wildfires sweeping across Southern California.

  • NEW YORK/ SYDNEY/ LONDON, Dec 11- Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. As of 1112 GMT the one-month future was up 13 percent from the open at $17,450, around...

  • The attorney, Gene Levoff, cited guidance issued by the SEC on Nov. 1 saying that company boards are generally best positioned to decide if a resolution raises significant policy issues worth putting to a vote. While companies routinely seek permission to skip shareholder proposals, Apple's application of the new SEC guidance shows how it could be used to...

  • WASHINGTON— Consumer advocates reported some glitches Monday in the final days for "Obamacare" sign-ups, although the Trump administration largely seemed to be keeping its promise of a smooth enrollment experience. In Illinois, some consumers who successfully completed an application for financial assistance through HealthCare.gov got a message saying...

  • Macron announced a contest for the projects in June, hours after Trump declared he would withdraw the U.S. from the Paris climate accord. Trump has expressed skepticism about global warming and said the Paris accord would hurt U.S. business by requiring a reduction in climate-damaging emissions. "We will be there to replace" U.S. financing of climate research,...

  • NEW YORK/ SYDNEY, Dec 11- Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. The one-month bitcoin contract opened trade at 6 pm at $15,460, dipped briefly and then rose...

  • NEW YORK/ SYDNEY, Dec 11- Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. The one-month bitcoin contract opened trade at 6 pm at $15,460, dipped briefly and then rose...

  • NEW YORK, Dec 10- The eagerly anticipated launch of futures trading of the world's largest cryptocurrency bitcoin got off to a positive start on Sunday, with the price nearly 9 percent ahead after briefly slipping below its opening level. The first bitcoin future trades kicked off at 6 p.m. on CBOE Global Markets Inc's CBOE Futures Exchange, with January futures...

  • LOS ANGELES, Dec 10- With anticipation building for "Star Wars: The Last Jedi," Disney-Pixar's animated comedy "Coco" handily won its third straight crown at a moderate North American box office with $18.3 million at 3,748 sites. The fourth weekend of Warner Bros.- DC Entertainment's superhero team-up "Justice League" finished with just over half of "Coco" with $9.6...

  • Disney estimated Sunday that "Coco" added $18.3 million, which would bring its domestic total to $135.5 million. Warner Bros. and DC's " Justice League" took second place with $9.6 million and Lionsgate's sleeper hit "Wonder," which has now passed $100 million, placed third with $8.5 million. Warner Bros. also crossed the $2 billion benchmark domestically Saturday—...