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California News

• Cameron Refrains From Talking Tax With Google’s Schmidt

  Updated 11 minutes ago

  U.K. Prime Minister David Cameron held back from discussing the tax affairs of Google Inc. during a meeting with business leaders who included the California- based company’s executive chairman, Eric Schmidt.

• NRC Says Decision Date on San Onofre Restart To Be Determined

  Updated 21 minutes ago

  The U.S. Nuclear Regulatory Commission said its decision on when it expects to tell parties of its intent to rule on whether it is safe to allow Edison International to restart a nuclear reactor in southern California is “to be determined.”

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  H-1B Models Strut Into U.S. as Programmers Pray for Help

  Updated 33 minutes ago

  Ravi Shanker makes weekly pilgrimages to Chilkur Balaji temple outside Hyderabad, India, asking for a little help on a visa from an incarnation of Lord Vishnu.

• San Bernardino School Bonds Test City’s Bankruptcy: Muni Deals

  Updated 42 minutes ago

  The public school district in San Bernardino, California, plans to sell $152 million in bonds for repairs and improvements this week, its first issue since the separate city government filed for bankruptcy last year.

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  Gross to Buffett Omens Disregarded as Sales Soar: Credit Markets

  Updated 15 minutes ago

  Sales of corporate bonds in the U.S. are surging toward the busiest May ever as borrowers race to the market before demand dries up with Bill Gross and Warren Buffett cautioning against buying debt at all-time low yields.

• XenoPort Sinks as Spasticity Drug For MS Fails in Trial

  Updated 1 hour, 21 minutes ago

  XenoPort Inc., the maker of the drug Horizant for Restless Legs Syndrome, sank the most in almost three years after an experimental medicine failed to meet goals of a late-stage clinical trial.

• Calpers Votes in Favor of Splitting Dimon’s Dual JPMorgan Roles

  Updated 19 minutes ago

  The California Public Employees’ Retirement System voted in favor of splitting Jamie Dimon’s dual roles as chairman and chief executive officer ahead of JPMorgan Chase & Co.’s annual shareholder meeting tomorrow.

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  Buono Fights for Voice Against Christie in N.J. Election

  Updated 14 minutes ago

  Barbara Buono, the Democrat trying to oust New Jersey Governor Chris Christie, is so low on funds that her campaign ads don’t reach voters via television or radio. To see them, you must go to her website, Facebook or Twitter page.

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  Yahoo Buys Tumblr for $1.1 Billion in Mayer's  Biggest Deal

  Updated 18 minutes ago

  Yahoo! Inc. is buying blogging network Tumblr Inc. for about $1.1 billion as Chief Executive Officer Marissa Mayer seeks to lure users and advertisers with her priciest acquisition to date.

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  U.S. Bonds Cheapest Since ’90 Versus Bunds Counter Buffett

  Updated 53 minutes ago

  The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades.

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