CALIFORNIA

This Week In Petroleum - Released on January 27, 2010

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The Energy Information Administration (EIA) is seeking comments and recommendations on information needed to support analysis and increased understanding of energy markets, in support of the Energy and Financial Markets Initiative announced on September 9, 2009. A notice appeared today in the Federal Register describing topics of particular interest, as well as procedures for public comment over the next 60 days. The notice does not itself propose new EIA information collection. Comments receive...
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Fundamental Commentary for 2009

Although stocks posted amazing gains in 2009, it has left most with an empty feeling as the decade overall was flat in US equities. The politics though fiery and hopeful at one euphoric moment in 2008 were also empty. It appears that in hindsight the last decade was a wash for America. Americans marched through most of the last ten years mad at a President who recovered an economy that had been dealt its largest blow ever and kept us from being attacked for a second time during his watch from a...
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Amgen 2010 forecast shows potential upside

Amgen Inc issued a 2010 forecast on Monday that showed potential to exceed Wall Street expectations, but the company's slightly higher fourth-quarter profit came in shy of analyst estimates primarily due to higher expenses.
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Apple profit, revenue surge

Apple Inc reported sharp gains in quarterly revenue and profit as the company moved to adopt new accounting standards for its iPhone.
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Stocks climbs as Bernanke approval firms

U.S. stocks moved higher on Monday as signs that Fed Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down in last week's sell-off, such as technology stocks.
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AIG's bailout disclosure surprised NY Fed

New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.
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Travel Postcard: 48 hours in Long Beach, California

Today celebrities and tourists still relax and enjoy the scenic and historic charm of the city. Reuters correspondents with local knowledge offer tips on how to get the most out of one of the few California towns where walking shoes will suffice to see most of the sights.
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Google posts strong Q4 profits

Google on posted big profit and sales gains for the fourth quarter as it continued to see an increase in the number of users clicking its online advertisements.
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California sees problems in U.S. vehicle pollution plan

California has issues with federal attempts to weaken new vehicle pollution standards, but the state backed away on Wednesday from a report that it was threatening to pull out of a deal with U.S. President Barack Obama's administration.
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Salt reduction could save 92,000 lives a year

The benefit to the U.S. population would be comparable to cutting smoking by 50 percent, significantly lowering obesity rates and giving cholesterol drugs to virtually everyone to prevent heart attacks, said Dr. Kirsten Bibbins-Domingo of the University of California, San Francisco and colleagues.
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Report sees small Hollywood jobs recovery for 2010

A record breaking movie box office take in 2009 was not enough to stave off Hollywood job losses last year, but 2010 is expected to bring a modest recovery of up to 3,000 jobs, in part due to an increase in TV productions, according to an economic report released on Thursday.
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Oracle to reveal Sun strategy next week

After regulators approved Oracle's proposed acquisition of Sun Microsystems this morning, the company is planning to unveil its long-term strategy at an event next week.
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FDIC geared up for busy year of bank failures

The U.S. agency charged with dismantling or selling off failed banks said it is equipped to deal with what it sees as a busy 2010, according to remarks to be delivered before Congress on Thursday.
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Jobless rates seen high for many more years

Unemployment rates will likely peak in most U.S. cities in 2010, but it will be many more years before jobless rates hit their lows of the last decade, a report released by a U.S. mayors group shows.
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Electric car road test planned for Quebec

Quebec's power utility is teaming up with Mitsubishi Motors to road test the performance of up to 50 all-electric vehicles against the rigors of the Canadian climate and measure their infrastructure needs.

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