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Updated: 6 hours 11 min ago

GoPro Stocks Halted from Trading Temporarily on Wednesday as Fourth Quarterly Loss takes Prices Down

Thu, 02/04/2016 - 08:40

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Are the wearable action sports cameras losing their charm? At least that's what GoPro's Q4 results hint at. On Wednesday, the company reported a surprise fourth-quarter loss.

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Chipotle Reports Quarterly Earnings and Says California Food Safety Probe Widened to National Investigation

Wed, 02/03/2016 - 06:51

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Chipotle Mexican Grill is reeling under the norovirus and E. coli outbreaks that have plunged sales and dropped share prices of the company.

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Marissa Mayer Announces Job Cuts at Yahoo to Reduce Costs

Wed, 02/03/2016 - 06:43

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On Tuesday, Marissa Mayer, Yahoo's chief executive unveiled a turnaround plan which seemed quite ambitious. However, the plan might not keep it off from selling its core assets. The tech company said, it is open to offers for its core assets and that is surely an alteration from the company's point of view in December.

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Alphabet Reports Strong Fourth Quarter Results; Poised to Overtake Apple

Tue, 02/02/2016 - 07:56

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Alphabet, Google's parent company is about to cross Apple to become U.S's most valuable company and that might happen just as trading starts on Tuesday. For four years or more, the iPhone maker has held the top position but it's about to change it seems.

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In New Policy Move Facebook Prohibits Private Gun Sales on Its Site

Sat, 01/30/2016 - 06:56

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Facebook prohibits certain things to be sold on its flagship social network like marijuana, illegal drugs and pharmaceuticals and now will do the same with sale of guns. The update in Facebook's policy gives one more thrust to curbing transaction of unlicensed guns. The same thing will also be applicable for its Instagram photo-sharing service.

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California Decides to Retain the System of Paying Rooftop Solar Panel Users for Excess Power

Fri, 01/29/2016 - 07:39

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Californians who have solar panels installed on their roof tops and generate some excess electricity, have some good news. The state on Thursday decided to retain a system which compensates the users for the excess electricity. It's not the same with all other states like Nevada and Hawaii.

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Some Top Executives may Exit from Twitter Soon

Mon, 01/25/2016 - 07:31

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Twitter is heading for changes and not just one. Reportedly, the social media site will be losing some of its senior executives soon.

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Unemployment Rate in Ohio Climbed Slightly in December 2015

Sat, 01/23/2016 - 09:18

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In December, Ohio's unemployment rate climbed upward for the second consecutive month. In the last month of the year, jobless rate increased 4.7 percent. The average unemployment rate in the state was 4.4 in October climbing to 4.5 in November.

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Netflix CEO Says the Company Is In ‘No Hurry’ to Expand Business into China

Wed, 01/20/2016 - 07:49

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Netflix by now has made its presence felt in most of the major countries in the world except China, which might remain unchanged for a while.

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MannKind Names CFO Matthew Pfeffer as Its New CEO

Tue, 01/12/2016 - 08:36

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On Monday, Valencia, California based MannKind Corp. which is already going through doldrums with its share prices faced more confusion. The company said, it had been pushed to withdraw a job offer to a new chief executive.

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Porter Ranch, Gas Leak will Take Longer Time for Fixing

Sun, 01/03/2016 - 06:16

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Porter Ranch, the neighbourhood located in the northwest region of the San Fernando Valley region of the city of Los Angeles faces a gas leak situation.

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California and Georgia’s Utilities Approach Solar Power in a Unique Way

Sat, 01/02/2016 - 07:46

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Roof top solar power option is gaining popularity for sure and the record breaking figures for 2015 across the country shows how quickly the home owners are accepting the alternative power choice.

However, thought its good for the environment but this trend proves to be bad for the electric utilities and to remain profitable they are changing their business model.

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Average Retail Gas Price in Idaho Drops Further

Tue, 12/29/2015 - 08:37

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On Sunday, the in Idaho, the average gasoline retail price was $2.11 per gallon as fuel dropped one cent per gallon last week.

GasBuddy. com calculated the figure through its regular survey of more than eight hundred gas outlets in the state. The nation average continues to be at $2 per gallon continuing from last week.

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Further Drop in California’s Unemployment Rate Reflects a Steady Economy

Sun, 12/20/2015 - 07:09

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In November, the jobless rate in California dipped slightly to 5.7 percent. Compared to October, it is a drop by only one tenth of a point according to the state Employment Development Department.

The report from EDD said the main reason of the decline was attributed to net increase in nonfarm payroll jobs which numbered at approximately 5,500.

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Isis Pharmaceuticals Finally Decides to Change Name

Sun, 12/20/2015 - 07:06

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On Friday, Isis Pharmaceuticals (ISIS) announced it will change the name to Ionis Pharmaceuticals in order to avoid any confusion with the Middle Eastern terrorist group, ISIS.

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Monrovia Based Trader Joe’s Initiates Voluntary Recall of Ginger Ale as Bottles Explode and Shatter

Thu, 12/17/2015 - 07:47

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Trader Joe's, the privately held American chain of specialty grocery stores has initiated a voluntary recall of its store brand Triple Ginger Brew as customers reported bursting or shattering of unopened bottles.

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California Public Utilities Commission Proposes Minor Changes for Net Metering Rule for Solar Users

Wed, 12/16/2015 - 07:44

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On Tuesday the California Public Utilities Commission (CPUC) proposed decision safeguard retail rate net metering for the solar power distributed systems across the state at the same time bringing in some modifications in the program. The additions to the existing rules include setting in an inter-connection fee and some non-by passable charges.

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CalPERS Discloses Expenses and Investment Returns with Private Equity Firms

Wed, 11/25/2015 - 07:33

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For many years, the state pension funds like CalPERS have invested money that has been earned by different government employees, teachers and firefighters with private equity firms. But till now people did not have a clear picture about the expenses they are incurring or how much were earning.

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New U.A.W. Contracts with Ford and GM One of the Best in More than a Decade

Wed, 11/25/2015 - 07:31

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Last week union contracts were ultimately ratified at Ford Motor and General Motors marking the beginning of a new era in the U.S auto industry.

The three Detroit automakers culminated labor talks with the workers union and were among the most generous in about a decade or more. It represented a significant shift from many years of stagnant wages and cuts.

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PIMCO Says Gross should Stop “Reputational Warfare”

Tue, 11/10/2015 - 09:40

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The financial firms no doubt charge a hefty fee on the fast-growing stack of assets but few of them do it better than PIMCO or Pacific Investment Management Company, headquartered in Newport Beach, California.

The bond giant has taken greater than $6 billion as fees between the period of 2010 and 2013 marking the most profitable run for any mutual fund.

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