Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.
U.S. stocks rose for an eighth straight week, driving the Standard & Poor’s 500 Index to the longest rally in almost a decade, as data on employment and consumer sentiment boosted confidence in economic growth.
Hewlett-Packard Co. and Chief Executive Officer Meg Whitman must face claims in a shareholder securities fraud lawsuit alleging investors were misled about the acquisition of Autonomy Corp., a judge ruled.
U.S. stocks rose, extending a third monthly gain for the Standard & Poor’s 500 Index, as Hewlett- Packard Co. led a technology rally while data on employment and consumer confidence boosted optimism in the economy.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman misled shareholders when she said Autonomy Corp. would be “very profitable” after its acquisition while knowing a whistle-blower has warned of the company’s accounting irregularities, a lawyer for investors said.
Napa Valley vintner Michael Marston voted for Jerry Brown in 2010, trusting the Democrat’s pledge that, with 26 years in California government, he could “lead a broken legislature out of a morass of poisonous partisanship.”
Salesforce.com Inc., the biggest maker of customer-management software, forecast fiscal fourth- quarter revenue that may exceed some analysts’ estimates as acquisitions helped boost sales of marketing tools.