– October 23, 2014

Stocks slip below records; FMC falls 

(AP) — Stocks fell for the first time in seven days, ending a run that had pushed the indexes to all-time highs, as investors assessed corporate news.

Chemical company FMC fell the most in the Standard & Poor's 500 index after cutting its earnings forecast for the second quarter due because its Agricultural Solutions unit performed worse than expected in the period. General Electric and Wisconsin Energy both dropped after announcing acquisitions.

The stock market has climbed steadily in the last two months amid signs that the economy has recovered its momentum after being disrupted by an unusually harsh winter. Stronger growth should translate into higher corporate profits.

"The market has had a good run and it needs to pause," said Peter Cardillo, chief market economist at Rockwell Global Capital.

The S&P 500 fell a fraction of a point, or less than 0.1 percent, to 1,962.61. The index closed at a record 1,962.87 on Friday. The Dow Jones industrial average dropped 9.82 points, or less than 0.1 percent, to 16,937.26. The Nasdaq composite index edged up 0.64 point, or less than 0.01 percent, to 4,368.68.

FMC dropped $3.65, or 4.9 percent, to $71.10 after the company lowered its earnings forecast for the second-quarter, saying that the impact of the cold winter had been much stronger than it had originally anticipated.

Investors were also watching deal news that produced both winners and losers.

General Electric dropped 29 cents, or 1.1 percent, to $26.68 after agreeing to acquire most of the power generation business belonging to Alstom, a French company. Wisconsin Energy fell $1.62, or 3.5 percent, to $45.27 after the company said that it was buying Integrys Energy for $5.8 billion.

Intergrys was among the winners. The company's stock jumped $7.40, or 12.1 percent, to $68.35 on the news.

Micros Systems also gained on deal news. The software company's stock rose $2.21, or 3.4 percent, to $67.98 after Oracle said it was buying the company for about $5.3 billion.

The stock market may be heading for a summer lull after its latest record-setting run, as investors wait for more confirmation that the economic outlook is improving, said Scott Wren, a senior equity strategist at Wells Fargo Advisors. The S&P 500 is up 6.2 percent for the year after trading mostly sideways for the first three months of the year.

"After the big run we've had over the past couple of months, a week or two of consolidation isn't anything out of the ordinary," said Wren.

In government bond trading, prices edged lower. The yield on the 10-year Treasury note, which moves in the opposite direction to its price, rose to 2.62 percent.

The price of oil fell 66 cents, or 0.6 percent, to $106.17 a barrel.

Among other stocks making big moves:

Lululemon rose $1.02, or 2.5 percent, to $41.25 after The Wall Street Journal reported that the company's founder was working with Goldman Sachs to shake up the yoga clothing company's board. Lululemon's stock is down 30 percent this year as the company works on improving its business since pulling one of its popular yoga pants from stores last spring because they were too sheer.

Do you feel the U.S. is prepared for a possible ebola outbreak?


gordonwebstergordonwebster Gordon Webster - Publisher
gordonwebstergordonwebster Gabriel Dillard - Managing Editor

Latest Local News

Written on 10/23/2014, 11:02 am by Business Journal staff
Local officials gathered in Mendota today to celebrate the start of a 60-megawatt solar project.
Written on 10/23/2014, 10:30 am by Business Journal staff
Hanford Marketplace developers are asking the local community for input on what businesses and restaurants they would like to see in the new shopping center. The 500,000-square-foot project was approved in August and will be located at the northwest corner of Highways 198 and 43. Costco Wholesale will anchor the development.  An online survey has been set up and connected to the Hanford Marketplace Facebook page. The survey asks the public which retail or restaurant locations they would like to see in the Costco Center & Hanford Marketplace. Demographical information is also requested in the survey but the questions are optional.  Data generated from the survey will be used to help bring in potential tenants and residents are encouraged to share the survey with their friends and family on social media. Construction updates, pictures and basic information about the project will be frequently posted to the Hanford Marketplace Facebook page. 
Written on 10/23/2014, 10:09 am by NOMAAN MERCHANT, Associated Press
(AP) — The Dallas hospital where a man diagnosed with Ebola died and two nurses were infected with the virus has seen patients flee the hospital, with a more than 50 percent decline in visits to its emergency room since the crisis began. Texas Health Presbyterian Hospital Dallas said in financial statements Wednesday that its revenue fell 25 percent in the first 20 days of October, a period that began shortly after Thomas Eric Duncan was admitted into the hospital with Ebola. Visits to its emergency room were down 53 percent during that time, and its daily patient census fell 21 percent. Operating-room surgeries were also down 25 percent. The numbers reflect the serious concerns in North Texas about the hospital's handling of Ebola. The hospital has criticized for making repeated mistakes, including allowing Duncan to leave its emergency room Sept. 26 after he came on his own with a fever and other symptoms of Ebola. Duncan returned two days later by ambulance and was diagnosed with Ebola. After he was admitted, two of its nurses, Nina Pham and Amber Vinson, became infected with the virus themselves. Pham and Vinson were transferred to other hospitals for treatment. The hospital's parent company, Texas Health Resources, remains profitable and has more than $3 billion cash on hand. It said in one filing that it has enough resources to weather any long-term damage. The company also said it believes its insurance will cover any damages due to the Ebola cases, and that no lawsuits have been filed against Presbyterian Dallas. Presbyterian Dallas is responsible for about 17 percent of the chain's revenue, according to Moody's Investors Service.
Written on 10/23/2014, 10:06 am by 
JOSH FUNK, AP Business Writer
(AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates. "We are optimistic about the remainder of the year," CEO Jack Koraleski said. "Assuming the economy and weather cooperate, we are well positioned to finish up the year with record results." The Omaha, Nebraska-based railroad said Thursday that it earned $1.37 billion, or $1.53 per share, for the quarter ended Sept. 30. That's up from $1.15 billion, or $1.24 per share, a year ago. Union Pacific's revenue climbed 11 percent to $6.18 billion from $5.57 billion. Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $1.51 on revenue of $6.10 billion. Union Pacific reported the most growth in shipments of intermodal shipping containers, industrial products and agricultural goods. Coal was the only sector that didn't grow in the quarter but after the decrease in coal demand in recent years, reporting flat coal volumes and a 2 percent increase in revenue was positive. Edward Jones analyst Logan Purk said Union Pacific again delivered impressive results while controlling costs well. "Union Pacific has shown they can do much more with the type of growth they're seeing," Purk said. Investors have been talking about the possibility of railroad mergers because Canadian Pacific and CSX railroads disclosed they held preliminary talks about combining before abandoning the idea. But Koraleski said he doesn't think merging any of the big railroads makes sense because it wouldn't necessarily improve service and could run into regulatory problems. "I am not convinced that merging is the way you solve service issues in this industry," Koraleski said. "Particularly right now, I don't think mergers make sense." Union Pacific shares rose $4.19, or 3.9 percent, to $111.05 in morning trading. Its shares have risen 27 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4 percent. The stock has increased 38 percent in the last 12 months. Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.
Written on 10/23/2014, 10:01 am by DAVID KOENIG, AP Business Writer
(AP) — Saving a nickel or a dime per gallon might not seem like much to the average motorist, but for airlines that burn hundreds of millions of gallons of fuel every month, it adds up quickly. Profits are soaring at the biggest U.S. airlines, and a chunk of credit goes to those savings at the pump. Fuel is an airline's biggest expense. Heading into the busy holiday-travel period, the airlines expect to see even cheaper fuel prices, thanks to the recent slide in crude oil prices. While getting a break on fuel, airlines are benefiting from continued strong travel demand that allows them to push fares higher. Executives report strong bookings for holiday travel and say they see no signs that Ebola is scaring away travelers. The four largest U.S. airlines sold at least 83 percent of their seats in the third quarter. A decade ago, more than a quarter of seats went empty. The results were there to see Thursday, as several leading airlines reported financial results for the third quarter, which includes the end of the heavy summer-vacation travel season: — The world's biggest airline operator, American Airlines Group Inc., earned an all-time best $942 million profit in the June-through-September quarter. It was an 87 percent increase over the amount that American and US Airways earned separately last year before their December 2013 merger. CEO Doug Parker predicted more records for fourth-quarter and full-year earnings. — United Continental Holdings Inc. posted net income of $924 million, up from $379 million a year earlier. Excluding one-time items, adjusted profit was a record $1.1 billion. — Southwest Airlines Co.'s profit rose 27 percent to $329 million. All three companies beat Wall Street expectations for earnings. United cut its fuel bill by $135 million compared with last year, a reduction of 4.1 percent on its largest single expense. Including United Express regional flights, the company paid $3.02 per gallon, a dime less than last summer. Southwest saved $64 million, or 4.4 percent, on fuel. It paid $2.94 per gallon, a nickel less than last year, and the savings are likely to surge — Southwest predicted that it will pay between $2.70 and $2.75 per gallon in the fourth quarter. Airlines could share that windfall with passengers in the form of cheaper tickets, but that doesn't look likely, at least not yet. The big airlines just pushed through a modest fare increase on U.S. routes even though oil prices have fallen by about one-fifth since the last such fare increase back in April. Recent mergers have reduced competition and helped the airlines limit the number of flights, making it easier to push fares higher. Southwest is one of the few airlines that reports details on fares. Its average one-way price inched higher, to $160.74, an increase of just $1.35 over the same time last year but up nearly $50 in the last five years, a period in which mergers reduced the number of competitors and fuel prices climbed. American doesn't give fare figures, but it said that the amount passengers paid to fly each mile, a figure called yield in the airline business, set a record. Airline investors were spooked by the appearance of the first U.S. cases of the deadly Ebola virus, especially the news this month that a nurse had flown on two Frontier Airlines flights shortly before testing positive. They worried that people might stop flying, and airline stocks fell. That fear started to subside last week when the CEO of Delta Air Lines Inc. expressed confidence that authorities would prevent a U.S. outbreak; the stocks have rallied. On Thursday, United officials said that they saw no indication that Ebola was affecting bookings. However, United offered a lackluster fourth-quarter forecast for a key revenue figure, and the company's stock fell. While not addressing Ebola, Southwest CEO Gary Kelly said his airline's trend toward higher revenue has continued into October, and bookings for November and December looked good. JetBlue Airways Corp., which is about to change CEOs, reported net income of $79 million. Its earnings and revenue both fell short of Wall Street forecasts. Alaska Air Group Inc.'s earnings topped Wall Street forecasts. In late-morning trading, shares of American rose 59 cents to $37.63; Southwest gained 75 cents to $34.95; JetBlue climbed 20 cents to $11.38; and Delta Air Lines Inc., which reported last week that third-quarter net income fell due to one-time costs such as accounting losses on fuel hedging, rose $1.10, or 3 percent, to $38.40. United's shares slipped 43 cents to $48.63 on the flat fourth-quarter revenue-figure outlook. Alaska Air gained $2.36, or 5.1 percent, to $49.13.
Written on 10/23/2014, 9:58 am by RICARDO ALONSO-ZALDIVAR, Associated Press
(AP) —'s simpler online application is being touted as a big win for consumers. But it can't be used by legal immigrants and naturalized U.S. citizens, who represent millions of potential new health insurance customers. That's prompting worries that many Hispanics and Asians will end up in long enrollment queues when the second sign-up season for coverage under President Barack Obama's health care law gets underway next month. The administration says immigrants are not being overlooked, and points to other improvements in the application process. Officials say what they can do is limited by the law's requirements. Advocates aren't buying that explanation. "The whole idea was that was going to be a seamless and easy process, but that doesn't seem to be the case for immigrants," said Alvaro Huerta, an attorney at the National Immigration Law Center in Los Angeles. "I think this is happening because the federal government hasn't taken the steps necessary to resolve issues with their verification system." The White House wants more Latinos to sign up under the health care law for 2015. As the nation's largest minority group, Hispanics tend to be younger and more likely to be uninsured. The law offers taxpayer-subsidized private health insurance for people who don't have access to coverage on the job. Open enrollment for 2015 starts Nov. 15. It's estimated that 6 million more people will sign up for next year, bringing the total to about 13 million. The federal website will be the sign-up platform in 38 states, two more than it served last year. States in the federal marketplace include immigrant-rich Florida, Texas, and Nevada. The remaining states are running their own insurance exchanges. While immigrants living in the country illegally cannot get coverage through the law, millions who are lawfully present are entitled to benefits, as well as people who were born overseas and later became U.S. citizens. The new easy online application for most consumers will feature 16 screens, instead of the 76 that people muddled through last year. But immigrants and naturalized citizens are a major exception, a category the administration calls "complex cases." Andy Slavitt, the official who oversees operations, said there have been several improvements to help immigrants, including expanding the list of documents that people can use to establish eligibility and updating the computer system so it won't get hung up on special characters used in some names. "I wouldn't say by any means that we have achieved the best we can, but I do think we have taken appropriate steps across the board," Slavitt said. "I would suspect in future years we will be able to do more and more electronically." Consumers navigating the new will encounter early on a screen with a series of questions, the gateway to the streamlined application. But legal immigrants, naturalized citizens, and families in which someone is an immigrant or naturalized citizen will have to work through more screens and answer more questions. About half of Latino adults were born abroad, according to research from the Pew Hispanic Center. Of those who have become U.S. citizens, 21 percent lack health insurance. That's well above a 15 percent uninsured rate among naturalized U.S. citizens who are not of Hispanic origin. Latinos are also more likely to be married to an immigrant. "Immigrants could be unjustly excluded even though they are eligible," Huerta said. Asian-American groups are also concerned. "The problems will persist for our communities," said Bonnie Kwon, health law program manager for the Asian & Pacific Islander American Health Forum in San Francisco. "It shows a lack of commitment to provide adequate access for immigrants." Many immigrants need help to get through the application, said Kwon. Trained helpers are in short supply. So the more time it takes to finish one application, the fewer uninsured people can be helped. Slavitt disagreed that the administration has overlooked immigrants. The law's requirements mean that some people have to answer more questions and supply more documentation. He also said immigrants will benefit indirectly from the EZ application because it may free call-center operators from handling routine cases. "The immigrant community has been a particular thrust, and more of a passion, for us," Slavitt said. "These are the people our team spent time with all of the year. If we don't make it easier for them on the front end, it will mean spending more time with them on the back end."
Written on 10/23/2014, 9:55 am by The Associated Press
(AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service. Shares rose 3 percent to $53.08 in midday trading. Comcast is in the midst of a $45 billion takeover of Time Warner Cable, a deal that is under regulatory review. Cable providers have been consolidating as more viewers shift to watching video on mobile tablets, computers and smartphones rather than through traditional cable TV stations. AT&T Inc. is planning to buy satellite service DirecTV for $48.5 billion in a merger also under review. Meanwhile, channels like HBO and CBS have announced standalone streaming services, signaling the industry is undergoing a sea change. The nation's largest cable provider added a net 315,000 high-speed Internet customers since the last quarter, bringing the number to 21.6 million. That's 6 percent more than it added in the same quarter a year ago. It lost 81,000 video subscribers, ending with 22.4 million. But that's the lowest third-quarter decline in seven years. In the prior-year quarter the company lost 127,000 subscribers. Comcast said the loss was due to tough competition in the sector from other cable and satellite providers. The average customer bill edged up 4 percent to $137.24 per month after a 2 percent price hike at the beginning of the year. Customers added more services and business client revenue rose. Cable hookup revenue, up 5 percent to $11.04 billion, nearly matched the $11.09 billion expected. At NBCUniversal, advertising revenue rose 4 percent to $1.15 billion, helped by high ratings for NBC shows like "The Voice," ''The Blacklist," ''Sunday Night Football" and news programming. Total NBCUniversal revenue rose 1 percent to $5.92 billion, also nearly matching the $5.94 billion analysts expected. Film revenue fell 15 percent to $1.19 billion due to tough comparisons with last year, when the popular animated movie "Despicable Me 2" was released. Comcast said its net income rose to $2.59 billion, or 99 cents per share. That compares with net income of $1.73 billion, or 65 cents per share, last year. Excluding a hefty one-time tax settlement, net income totaled 73 cents per share, beating analyst expectations of 71 cents per share, according to FactSet. Revenue rose 4 percent to $16.79 billion from $16.15 billion last year. Analysts expected $16.8 billion.
Written on 10/23/2014, 9:53 am by MICHAEL LIEDTKE, AP Technology Writer
(AP) — Retired Los Angeles Laker Magic Johnson became famous for dishing out assists to his teammates during his Hall of Fame basketball career. Now, as an entrepreneur focused on minority markets, he says he is ready to help Silicon Valley hire more blacks and Latinos to diversify the technology industry's largely white and Asian workforce. Johnson believes his own Beverly Hills, California-based company could connect major technology employers with more African-American and Hispanic engineers if they call upon him. Magic Johnson Enterprises provides financing and consulting for businesses seeking to operate in cities with large minority populations. "We have to make sure the Apples and Googles of the world get together with others who know what they are doing and who can make a difference, whether it's myself or somebody else," Johnson told The Associated Press Wednesday. He made his remarks after appearing at a Silicon Valley conference put on by software maker Intuit Inc., one of many technology companies that have recently released reports confirming their payrolls consist primarily of white and Asian men. The lack of diversity has embarrassed an industry that prides itself on its progressive thinking and meritocratic policies. Google, Apple and Facebook have all vowed to take steps to create workforces that look more like the overall population. Silicon Valley has a lot of ground to make up. At Intuit, African-Americans make up just 4 percent of the workforce while Latinos represent 6 percent. It's even worse at Google and Facebook, where just 2 percent of the U.S. staff is black. Cutting across the U.S. in all industries, 12 percent of the workforce is black and 14 percent is Hispanic. "We think it's important that our employee base reflects the customers we serve, and we aren't where we need to be," Intuit CEO Brad Smith said Wednesday. "Magic's offer? I won't be surprised if we take him up on it. He is clearly a brilliant man and he understands how to (diversify)." Besides running his own company, Johnson also is co-owner of the Los Angeles Sparks in the Women's National Basketball Association, which has the best diversity record among professional sports leagues, according to recent study by The Institute for Diversity and Ethics. Johnson also is part of a group that owns the Los Angeles Dodgers in Major League Baseball. Johnson, 55, was mentioned in the racially charged remarks that led to the NBA's ouster of Los Angeles Clippers owner Donald Sterling, who denigrated Johnson as a bad role model for children because he had HIV. More recently, Johnson criticized Atlanta Hawks ownership and management for derogatory comments about blacks. Unlike those situations, Johnson isn't interpreting the Silicon Valley's diversity issues as a sign of blatant discrimination. "When you think about the leaders of these (technology) companies, they know they have to do something," Johnson said. "It's just a matter of understanding who to reach out to, who to partner with and then making sure that everybody wins. It's time to do it."
Written on 10/23/2014, 9:51 am by 
DON THOMPSON, Associated Press
(AP) — California officials agreed Wednesday to end a policy in which it segregated prison inmates after riots based on their race as a way to prevent further violence. Officers have frequently locked inmates in their cells based on which races were involved in the riot, even if individual inmates of that race were not directly implicated. The agreement to end the practice is spelled out in a 21-page settlement involving a lawsuit first filed in 2008. The agreement says future lockdowns may not be imposed or lifted based on race or ethnicity. Instead, officers can lock down every inmate in an affected area, or individual inmates suspected of being involved in the incident or the gangs that were involved. The Department of Corrections and Rehabilitation also agreed to provide inmates with opportunities for outdoor exercise any time a lockdown lasts longer than 14 days. The agreement with attorneys representing inmates came after the U.S. Justice Department said in a non-binding court filing last year that the old policy violated the 14th Amendment that requires equal protection under the law. Justice officials said that policy was based on generalized fears of racial violence and affected inmates who have no gang ties or history of violence. State officials did not acknowledge any violation of inmates' constitutional rights as part of the agreement. "We see this as a tremendous result," Rebekah Evenson, an attorney with the nonprofit Berkeley-based Prison Law Office, said in an email. She previously said no other state has a similar lockdown policy. California prison officials impose more than 600 lockdowns in a typical year, with at least 200 based on the race of the inmates, she said. The class-action settlement has not been filed with the federal court in Sacramento, nor has a federal judge agreed to its terms. A copy of the settlement was obtained by The Associated Press. Department spokeswoman Deborah Hoffman said state officials are pleased with the agreement and optimistic that the judge will approve it. She said in an email that the department has been working on changes to its policy for two years and began implementing those new policies in May. The lawsuit was filed eight years ago by inmate Robert Mitchell after he was locked in his cell following a fight at High Desert State Prison in Susanville. The policy is similar to an earlier California practice of segregating inmates by race in their cells and sleeping areas to prevent gang violence. The U.S. Supreme Court found that policy to be discriminatory a decade ago.
Written on 10/23/2014, 9:48 am by JUDY LIN, Associated Press
(AP) — Bob Pack wanted to go after the HMO doctors for recklessly prescribing painkillers to a drug-abusing nanny who ran over his 10-year-old son and 7-year-old daughter as they were heading for ice cream one early fall evening in 2003. But under California's 1970s-era medical malpractice law there was a $250,000 cap on pain and suffering. Instead of pursuing a case because of the cap, he settled so he could care for his wife, who lost the twins she was carrying in the crash. "It would have been too difficult to tackle a private trial," he said. A November ballot initiative named after his children — Troy and Alana — seeks to raise the cap to $1.1 million. The campaign has prompted a ferocious fight between doctors and attorneys over the rights of injured patients with roughly $66 million raised so far in one of the state's more expensive ballot initiatives. The campaign, with spending totals rivalling some of the most competitive U.S. Senate races this year, underscores the effect that reforms passed in California have on the rest of the nation. The 1975 malpractice law was the first in the nation, paved the way for roughly 30 states to adopt some limits on medical malpractice payouts and used as a template for national proposals. Nearly $57 million has been raised by Proposition 46 opponents, while backers have raised at least $9.1 million, as of Wednesday. Trial lawyers and patient advocates say the malpractice law is long past due for an update. They say victims of medical negligence have trouble finding lawyers willing to take their cases and those who do discover that California has one of the nation's most restrictive payouts. Doctors, hospitals and medical liability insurers say raising the cap would drive up medical costs, force doctors out of state and reduce access to medical care. They say it would add uncertainty to the health care system. Gov. Jerry Brown signed the bill that created the cap during his first term in office. It was a time of skyrocketing malpractice insurance costs that forced physicians to retire early or leave California. The law made California rates among the lowest in the nation today. According to the California Medical Association, the average doctor in the state paid $26,511 last year in premiums compared with $99,290 in Connecticut and $137,412 in New York, two states without caps. Under Proposition 46, the new limit would raise the cap to the amount that it would have been if it kept pace with inflation and would make future annual adjustments. The measure also requires doctors to submit to random drug and alcohol tests and require doctors to check a statewide database before prescribing drugs in an attempt to curb pill shopping. President George W. Bush proposed a national cap of $250,000 in 2005 to stop huge damage awards as a way to reduce overall health care spending. Democrats said ceilings would simply shield bad doctors. In 2009, the Congressional Budget Office concluded that limiting liability would lead to savings of 0.5 percent to 1 percent on health care spending, a negligible amount because so many states already have caps. In California, the nonpartisan Legislative Analyst's Office projects that Proposition 46 would increase overall health care spending by 0.1 percent to 0.5 percent if voters approve it Nov. 4. About 30 states have some kind of limit on the amount of damages a jury can award to patients for medical mistakes, according to the National Conference of State Legislatures. Most of the restrictions are from $250,000 to $500,000 for pain and suffering. In recent years, the landscape on medical liability has shifted as courts have ruled caps unconstitutional. Florida, for example, overturned caps in wrongful death cases and joined Georgia and Illinois in lifting limits. Other caps, including California, have been upheld. Since Texas set a limit at $750,000 in 2003, more doctors are practicing in emergency rooms and the state is attracting doctors from states without caps, said Jon Opelt, executive director for Texas Alliance For Patient Access, which represents health providers. Bernard Black, a law and business professor at Northwestern University who has tracked caps, said limits have benefited doctors. But for patients, health care costs tend to go up and quality tends goes down. Dr. Richard Thorp, a general internist who has practiced medicine for 37 years and is president of the California Medical Association, said no amount of money is ever enough for the loss of a loved one. "As a society," he said, "we have to decide: What is a reasonable number to compensate someone for an adverse event and still be able to provide health care to the rest of society?"

Latest State News

Written on 10/23/2014, 9:53 am by MICHAEL LIEDTKE, AP Technology Writer
(AP) — Retired Los Angeles Laker...
Written on 10/23/2014, 9:51 am by 
DON THOMPSON, Associated Press
(AP) — California officials agreed...
Written on 10/23/2014, 9:48 am by JUDY LIN, Associated Press
(AP) — Bob Pack wanted to go after the...
Written on 10/22/2014, 2:14 pm by Associated Press
(AP) — Visa Inc. says it will increase...

Latest National News

Written on 10/23/2014, 10:09 am by NOMAAN MERCHANT, Associated Press
(AP) — The Dallas hospital where a man...
Written on 10/23/2014, 10:06 am by 
JOSH FUNK, AP Business Writer
(AP) — Union Pacific Corp. delivered a...
Written on 10/23/2014, 10:01 am by DAVID KOENIG, AP Business Writer
(AP) — Saving a nickel or a dime per...
Written on 10/23/2014, 9:58 am by RICARDO ALONSO-ZALDIVAR, Associated Press
(AP) —'s simpler online...