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UPDATE 2-California cities sue big oil firms over climate change
Sept 20 (Reuters) - California cities San Francisco and
Oakland filed separate lawsuits against five oil companies on
Wednesday seeking billions of dollars to protect against rising
sea levels they blamed on climate change, according to public
3 Female Former Employees Sue Google Over Alleged Gender Pay Discrimination
"It is time to stop ignoring these issues in tech," says one plaintiff. They are seeking class-action status to sue on behalf of all women employed by Google in California over the past four years.
CSX cancels appearance at Morgan Stanley conference due to Irma
Sept 14 (Reuters) - CSX Corp canceled its appearance
at a Morgan Stanley conference in California to focus on impacts
to its rail network from Hurricane Irma, a company spokesman
said on Thursday.
(Reporting by Eric M. Johnson in Seattle)
Other states could share oversight of California power grid
Other Western states would share oversight of California's power grid under a plan introduced by a state lawmaker that supporters say would save as much as $1.5 billion a year and run the system more efficiently.
States sue Trump administration over fuel economy fines
New York, California and three other states are suing the Trump administration, saying it must put in place higher penalties for automakers that violate federal fuel economy standards.
Audit: US misuses taxpayer cash for California water project
A new federal audit says the U.S. government improperly spent $84 million to help plan for California's massive proposed water project.
CalPERS in talks with BlackRock to outsource private equity business -source
The California Public Employees' Retirement System is in talks to outsource its private equity business to BlackRock Inc (BLK), according to a person familiar with the matter. The largest U.S. pension fund's discussions with BlackRock (BLK) about managing some or all of its private equity investments are at a preliminary stage and may not result in a deal, the person added.
Chipotle adding queso to menus nationwide on September 12
Chipotle Mexican Grill Inc. said Tuesday that it's adding "all-natural" queso to its menus nationwide on September 12. Chipotle has been testing queso at 350 restaurants across southern California and Colorado. Chipotle's queso will be made with aged cheddar cheese, tomatillos, tomatoes and several varieties of peppers. Pricing will vary slightly by city, but will range from $1.25 to add to an entree, to $5.25 for a large side order. Chipotle shares are down 18.2% for the year so far, while the S&P 500 index is up 9.8% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
California lawmakers block Mojave water bill, Cadiz surges
Shares of water resource developer Cadiz Inc (CDZI) surged 30 percent in extended trade on Friday after a bill aimed at putting the brakes on its plan to pump water from California's Mojave Desert failed to make it past a state Senate committee.
U.S. judge rejects Wyoming VW environmental claims lawsuit
Aug 31 (Reuters) - A U.S. judge in California on Thursday
rejected a lawsuit by the state of Wyoming potentially seeking
more than $1 billion in additional penalties for environment
damages in the German automaker's excess diesel emissions
BRIEF-Southwest Airlines adds flights throughout California
Southwest Airlines Co(LUV). * Southwest Airlines Co(LUV) - adds flights throughout California effective March 2018 onwards. * Southwest Airlines Co (LUV) - airline adds 19 new routes from California cities; adds international service to San Jose, Sacramento, Columbus and New Orleans Source text for Eikon: Further company coverage:
California seeks to boost electric-car rebate program
California would spend up to $3 billion under a bill to widely expand its consumer rebate program for zero-emission vehicles.
Better Buy: Aqua America, Inc. vs. California Water Service Corp
One has a longer dividend history, but the other has provided more dividend growth.
California baseball fans, players have common enemy: gulls
Among Denard Span's greatest fears in the outfield is having a gull splat on him from above as he chases down a long fly ball.
Massive California verdict expands J&J's talc battlefield
NEW YORK (Reuters) - A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said.
Jury awards $417M in another Johnson & Johnson talc cancer case
The lawsuit brought by a California woman alleges Johnson & Johnson failed to adequately warn consumers about the potential cancer risks of talcum powder.
UPDATE 1-J&J ordered to pay $417 mln in trial over talc cancer risks
Aug 21 (Reuters) - Johnson & Johnson on Monday was ordered
by a California jury to pay $417 million to a woman who claimed
she developed ovarian cancer after using the company's
talc-based products like Johnson's Baby Powder for feminine
J&J ordered to pay $417 million in trial over talc cancer risks
(Reuters) - Johnson & Johnson on Monday was ordered by a California jury to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.
California tightens rules on popular pesticide for farmers
California regulators are tightening the strictest rules in the nation on a pesticide popular with farmers over new health concerns, officials said Friday.
SEC and DOJ file insider charges seven using stolen bank data
The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what it said was a wide-ranging scheme that generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.
The SEC says Daniel Rivas, a former IT employee of a large bank, allegedly misused his access to his former employer's computer system to tip four individuals who traded on confidential information about upcoming transactions and others who also traded and passed along the tips. According to the SEC, the traders profited on market-moving news related to 30 impending corporate deals from October 2014 to April 2017.
Rivas also allegedly tipped his girlfriend's father, James Moodhe, who traded on the information and used coded conversations and in-person meetings to relay the tips to his friend, Michael Siva, a financial advisor at a brokerage firm. Siva allegedly used the confidential information to make profitable trades for his brokerage firm clients, earning commissions for himself in the process, and he passed numerous tips along to a client who traded on them. Siva also allegedly traded on behalf of himself and his wife based on two of the tips he got from Moodhe, a former financial services company treasurer.
Two of Rivas's friends in Florida, Roberto Rodriguez and Rodolfo Sablon, allegedly discussed tips on an encrypted, self-destructing smartphone messaging application and used shell companies to carry out their insider trading. Rodriguez and Sablon allegedly converted less than $100,000 into more than $2 million in profits by making aggressive options trades based on the confidential information. Rodriguez also is alleged to have passed several tips to one of his friends who also traded.
A third alleged trading ring involved Jhonatan Zoquier who profited by trading on inside information communicated through the encrypted messaging application. New Jersey-based Zoquier allegedly passed confidential information to Jeffrey Rogiers of Oakland, California more than once. Rogiers allegedly placed several illegal trades for himself and tipped others to trade.
The traders allegedly attempted to evade detection by using shell companies, code words, and an encrypted, self-destructing messaging application. However, the SEC Market Abuse Unit's Analysis and Detection Center used data analysis tools to detect suspicious patterns such as the improbably successful trading across different securities over time.
The SEC's investigation is continuing. The U.S. Attorney's Office for the Southern District of New York also filed criminal charges on Wednesday against the same seven individuals.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pop Rocks in a burrito? Taco Bell creates a 'firecracker'
The Firecracker Burrito, topped with cayenne-flavored Pop Rocks-style candy, is for sale only at four California locations for now.
Amazon adds 'Instant Pickup' in U.S. brick-and-mortar push
Amazon.com Inc(AMZN) is rolling out U.S. pickup points where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes in its latest move into brick-and-mortar retail. The world's largest online retailer has launched 'Instant Pickup' points around five college campuses, such as the University of California at Berkeley, it said on Tuesday.
UPDATE 1-Lawsuit over false online data revived after U.S. top court review
NEW YORK, Aug 15 (Reuters) - A federal appeals court on
Tuesday revived a California man's lawsuit accusing Spokeo Inc
of publishing an online profile about him that was filled with
California Court Orders Venture Capitalist To Reopen Disputed Beach
"This is not simply a win for surfers in San Mateo County," said Surfrider Legal Director Angela Howe. "This is a win for all of the beach-going public.
California insurance regulator to probe Wells Fargo over auto policies
- California will investigate whether Wells Fargo & Co (WFC) and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need, the state's insurance regulator said on Tuesday.
California insurance regulator to probe Wells Fargo over unwanted auto policies
(Reuters) - California will investigate whether Wells Fargo & Co and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need, the state's insurance regulator said on Tuesday.
BRIEF-California Resources says elected Anita M. Powers to the board
California Resources Corp(CRC). * California Resources(CRC) - on August 2, co board voted to increase size of board to 10 members and elected Anita M. Powers to fill the resulting vacancy Source text: Further company coverage:
No Pipe Dream: Cannabis Company Buys California Town
Nipton is a small desert town on the Nevada border. American Green says it wants the town to be a "first-of-its-kind eco-tourism experience for conscious cannabis consumers."
Dunkin' Debates Dropping The Donuts
Dunkin' Donuts looks to be trying to appeal to more health-conscious consumers. One location in California is changing its name to just Dunkin'.
BRIEF-California Resources Q2 adjusted loss per share $1.83
California Resources Corp(CRC): * California Resources Corporation(CRC) announces second quarter 2017 results. * Q2 adjusted loss per share $1.83. * Q2 loss per share $1.13. * Q2 earnings per share view $-1.73 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:
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