Some Fed officials open to start tapering stimulus as soon as June

WASHINGTON -- Some Federal Reserve officials said they were willing to start ratcheting back the central bank's stimulus program as early as June if...

Tesla Motors pays off Department of Energy advanced technology loan

Upstart electric car maker Tesla Motors on Wednesday paid off a Department Energy loan that had become a political hot potato.

U.S. home sales rise in April

Sales of previously owned U.S. homes increased in April, hitting their highest level in nearly four years and signaling that the housing market...

Apple CEO Tim Cook says a line of Macs will be built in Texas

Apple Chief Executive Tim Cook disclosed during a Senate hearing Tuesday that the tech giant will invest more than $100 million to build a factory...

Auto Club of Southern California cuts car insurance rates

About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance premiums,...

Stocks close down on news that Fed considered cutting stimulus

Stocks closed lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy...

Target earnings disappoint, retailer cuts full-year forecast

Target Corp., like many other retail rivals, was laid low in its first fiscal quarter by cold spring temperatures that discouraged seasonal shopping...

Cars crashed, smashed and trashed in 'Fast & Furious 6'

It didn't have to be like this. In the age of green screens and VFX houses, filmmakers responsible for the sixth installment of the "Fast &...

Her job: Stopping wage theft

SACRAMENTO — Julie Su doesn't back down from fights when she thinks employers are cheating their workers.

JPMorgan's Jamie Dimon survives vote to strip him of chairman role

NEW YORK – Jamie Dimon survived a bruising fight to strip him of his chairmanship, but directors at JPMorgan Chase & Co. may still have to...

Why the medical device tax needs to stay

The chief drawback of a law as complex as the Affordable Care Act, the health insurance reform measure passed in 2010, is that it provides self-...

Ancient redwood forests evoke look of future in 'After Earth'

When producers of the upcoming science fiction movie "After Earth" wanted to create an image of what the planet might look like 1,000 years in the...

Kohl's can be sued over sale ads, court says

SAN FRANCISCO — California retailers may be liable for large money awards if they falsely advertise that their products are on sale.

BofA, JPMorgan say they have fulfilled mortgage settlement terms

Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark...

Herbalife hires PricewaterhouseCoopers as its new auditor

Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its...

Microsoft unveils new Xbox One console

With Microsoft’s new Xbox, the next time you yell at your TV it will actually be able to respond.

Walt Disney Co.'s ESPN says it is cutting staff

Just one week after touting its strength to advertisers and declaring it wasn't worried about new competition from Fox Sports, ESPN is cutting its...

Assembly OKs clean vehicle carpool-lane access to 2020; Senate next

A bill to extend carpool-lane access for electric cars and other zero-emission vehicles passed the California Assembly by a wide margin Monday.

Best Buy earnings slump on turnaround costs, Super Bowl shift

Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing...

Home Depot boosts profit, sales as housing market improves

Spring was waiting in the wings longer than expected, but the recuperating housing market was enough to boost Home Depot Inc.’s first-quarter...

Yahoo's challenge to be building Tumblr's advertising business

United Talent Agency shoots for the stars with new screening room

The numbers on United Talent Agency's new 130,000-square-foot Beverly Hills digs are notable.

Guilty plea in KPMG insider-trading case

A San Fernando Valley jeweler at the center of an insider-trading scandal pleaded guilty to a conspiracy charge and agreed to turn over $1.27...

Is Yahoo's billion-dollar bet on synergy worth it?

Yahoo is paying $1.1 billion for the blogging service Tumblr, which enjoys a loyal following among millions of young, cool, edgy and influential...

Supreme Court upholds FCC power in cellphone tower case

WASHINGTON — The Supreme Court's two leading conservatives staked out opposite stands Monday over whether judges should play a greater role in...

Seamless, GrubHub to merge online takeout ordering services

That deep dish pizza or juicy burger from the restaurant you’re just too busy (or lazy) to drive to yourself could be within reach, as...

Payvia buys mobile marketing firm Mogreet

Mobile payments company Payvia Inc. has acquired Mogreet, a Venice mobile marketing start-up.

Higher consumer spending will offset sequester cuts, economists say

WASHINGTON -- Consumers will help keep economic growth on track this year, as new projections of their spending indicate it will offset the hit to the...

Maserati recall: Corrosion problem could lead to loss of control

Maserati of North America is recalling 7,438 model year 2005-2008 Quattroportes, model year 2008 GranTurismos, and model year 2008 Alfa Romeo 8Cs...

State dairymen seek bigger share of whey windfall

SACRAMENTO — California dairy farmers and cheese processors are fighting again over milk prices.