CALIFORNIA

IBTimes Logo

California lawmaker admits sex talk, not affair

A California lawmaker who resigned after he was caught on tape bragging about his sexual exploits with two women, one of them reportedly a lobbyist, denied on Thursday that he was having extramarital affairs.

Market rises for 5th day on economic optimism

IBTimes Logo
U.S. stocks rose for a fifth straight session on Thursday as a brighter outlook from consumer product company Procter & Gamble and a successful Treasury bond auction encouraged investors about an economic recovery.

US copper closes down in consolidation below $3/lb

IBTimes Logo
U.S. copper futures closed down on Thursday, as prices extended a phase of consolidation below the $3.00 a lb level and fell under the weight of renewed concerns about near-term demand prospects, analysts said.
IBTimes Logo

When Will Global Oil Consumption Rebound?

With global oil consumption having decreased relative to year-earlier levels in every quarter since the middle of last year, we have now experienced four consecutive quarterly declines in world oil use, with another decline expected in the current quarter.
More news
IBTimes Logo

Silver Spring Networks considering IPO

Privately-held smart grid networking company Silver Springs Network is considering launching an initial public offering but will not do so this year, Chief Executive Scott Lang said on Tuesday.
IBTimes Logo

Vivus says obesity drug effective; shares soar

An experimental obesity drug made by Vivus Inc showed dramatic results in two late- stage clinical trials, potentially offering patients a much- needed weight-loss aid and sending the company's shares soaring more than 70 percent.
IBTimes Logo

Legal settlement clears way for Hobbit movie

The Hollywood studio behind a film based on The Hobbit and trustees for author J.R.R. Tolkien's estate said on Tuesday they had settled a lawsuit that clears the way for what is expected to be a blockbuster movie based on the book.
IBTimes Logo

Disney burnishes brands at D23 fan show

Die-hard fans of Walt Disney Co gather this week in California for the company's first-ever fan exposition and what Disney hopes will be a show of the durability of its brands in a tough time.
IBTimes Logo

Facet rejects bid by Biogen as inadequate

Facet Biotech Corp said on Tuesday it has rejected an unsolicited bid by Biogen Idec Inc to acquire Facet for $14.50 a share, saying the offer is inadequate and not in the best interests of shareholders.
IBTimes Logo

Solyndra starts 2nd solar panel plant construction

California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.
IBTimes Logo

Stars, family honor Michael Jackson at funeral

Michael Jackson was buried on Thursday, more than two months after he died of a drug overdose, marking the last stop for a superstar who spent most of his 50 years in the public gaze
IBTimes Logo

Fed's Fisher sees near-term strength for economy

Dallas Federal Reserve Bank President Richard Fisher on Thursday said the United States should have a good snap-back from recession in the final months of 2009, but that future growth could be a slow crawl.
IBTimes Logo

Google appoints China sales head to replace Lee

Google, fighting to gain ground on China's Baidu's dominant search lead in the country, confirmed the departure of its China president on Friday and said its regional sales head would take over Lee Kai-Fu's business and operational responsibilities.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.