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Top News & Analysis California

  • NEW YORK, Oct 18- Wall Street posted record closing highs on Wednesday, driven by strong earnings, while U.S. All three Wall Street major indexes posted record closing highs. "People are of the mindset that there is no alternative to equities and therefore they're continuing to pour into them," said Ian Winer, head of equities at Wedbush Securities in Los Angeles.

  • A woman looks out at the destruction caused by the Tubbs fire while holding items of emotional importance salvaged from her childhood home in the Coffey Park neighborhood on October 15, 2017 in Santa Rosa, California.

    The death toll in the Northern California wildfires grew to 42 people as PG&E was hit with a lawsuit in the disaster.

  • Sherrod Brown, an Ohio Democrat who attended a White House meeting on the issue Wednesday. Brown says Trump told senators, "I couldn't imagine being a Democrat and running in 2018 having voted against" the GOP tax legislation. The president made the evidently facetious comment in a White House meeting about tax legislation Wednesday with Republicans and...

  • The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 48 cents per share. Eleven analysts surveyed by Zacks expected $2.37 billion. Analysts surveyed by Zacks had expected revenue of $2.57 billion.

  • NEW YORK, Oct 18- The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. "Retail investors continue to pour into the marketplace, and with each headline about a new record, and especially round numbers like that, people tend to feel like...

  • SANTA FE, N.M.— A New Mexico art gallery owner and a jewelry supplier have pleaded guilty in federal court to criminal charges in the sale of fake Native American jewelry that was manufactured in the Philippines, representing the first conviction in a sweeping international investigation. Ali and Manasra have agreed to forfeit 5,268 pieces of jewelry, while...

  • MENLO PARK, Calif. _ Exponent Inc. on Wednesday reported third-quarter earnings of $14.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • FRESNO, Calif. _ Central Valley Community Bancorp on Wednesday reported third-quarter profit of $4.5 million. The holding company for Central Valley Community Bank posted revenue of $16.4 million in the period. Central Valley Community Bancorp shares have increased 7 percent since the beginning of the year.

  • WASHINGTON, Oct 18- A bipartisan deal from two senators to stabilize Obamacare by restoring subsidies to health insurers suffered major setbacks on Wednesday with the White House saying President Donald Trump now opposes it and senior Republicans speaking out against it. On Tuesday, Trump said the White House was involved in the negotiations and that the...

  • Republicans control the U.S. Senate and House of Representatives, so bills generally need Republican support to advance. The lack of regulation was highlighted last month when Facebook Inc, Alphabet Inc's Google and Twitter Inc said that they had found election-related ad buys on their services made by people in Russia in the run-up to last year's U.S....

  • WASHINGTON, Oct 18- A bipartisan deal from two U.S. senators to stabilize Obamacare by restoring subsidies to health insurers ran into trouble on Wednesday with the White House saying President Donald Trump now opposes it and a senior Senate Republican saying it has stalled. On Tuesday, Trump said the White House was involved in the negotiations and that the...

  • WASHINGTON, Oct 18- States challenging President Donald Trump's decision to terminate cost-sharing payments to health insurance companies under the Obamacare law on Wednesday asked a judge to quickly block the administration's move. In a court filing, California Attorney General Xavier Becerra asked a federal judge in northern California to issue a...

  • Xavier Becerra, Attorney General of the State of California

    The Trump administration last week stopped paying insurers cost-sharing reduction reimbursements.

  • The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by some 44 million Americans, especially in high-tax, Democratic-leaning states like New York, New Jersey, California and Illinois. Trump and the GOP cast the plan as a boon to the middle class. Meeting at the White House on Wednesday with members...

  • EL SEGUNDO, Calif.— The Latest on a refinery fire near Los Angeles:. Spokesman Braden Reddall says the blaze late Tuesday at the Chevron El Segundo Refinery was confined to a distribution manifold along a perimeter of the facility just south of Los Angeles. No injuries were reported in the blaze Tuesday at the Chevron El Segundo Refinery south of Los Angeles.

  • The report on Wednesday from the Commerce Department also showed a decline in building permits, raising concerns that the housing market recovery was stalling. "Residential construction should be a hefty drag on third-quarter GDP growth," said Michael Gregory, deputy chief economist at BMO Capital Markets in Toronto. Housing starts decreased 4.7 percent to a...

  • They want it to be "the world’s first neighborhood built from the internet up," the NYT reports.

  • The company's shares rose as much as 8 percent in light trading but pared gains to trade at $120 before the bell. "Any concerns surrounding the discontinuation of the program should, for the most part, be quelled by the simultaneous execution of a potentially lucrative licensing agreement," Leerink analyst Paul Matteis said. San Francisco, California based Vir...

  • NEW YORK— Getting a bank loan is still a struggle for many women who own businesses. Kirsten Curry has had three rejections in the past six months and is waiting to hear from a fourth bank. The survey conducted by researchers at Pepperdine University's Graziadio School of Business and Management and Dun& Bradstreet Corp. questioned owners of companies with up to...

  • An aerial photo of the devastation left behind from the North Bay wildfires north of San Francisco.

    Given the acute construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster.