TBJ Facebook TBJ Twitter TBJ RSS

State

Wells Fargo will pay $105m to settle OC fraud case

  • Print
Details
Published on 05/03/2013 - 10:26 am
Written by Associated Press

Investors sued Wells Fargo for its investment into Tustin-based Medical Capital Holdings.(AP) — Wells Fargo Bank will pay $105 million to settle a lawsuit that held it liable for an Orange County fraud scheme that cost investors as much as $1 billion.

Solar plane leaves Calif. on cross-country trip

  • Print
Details
Published on 05/03/2013 - 10:20 am
Written by Associated Press

The Solar Impulse took off from Mountain View, Calif. to begin its flight across America.(AP) — A solar-powered airplane has taken off from Northern California on the first leg of a planned journey to several U.S. cities.

LinkedIn 1Q net, revenue soar; outlook falls short

  • Print
Details
Published on 05/02/2013 - 1:48 pm
Written by Associated Press

LinkedIn earned $22.6 million in the first quarter of 2013.(AP) — LinkedIn says its first-quarter net income grew more than fourfold as revenue increased sharply, but its outlook is below Wall Street's expectations.

Calif. spends big on anti-psychotics

  • Print
Details
Published on 05/02/2013 - 1:44 pm
Written by Don Thompson, AP Writer

Anti-psychotic drugs accounted for $28.9 million given to California's prison inmates last year.(AP) — California's  prison mental health system has been spending far more on anti-psychotic drugs than other states with large prison systems, raising questions about whether patients are receiving proper treatment.

Visa card use up but 2Q profit slips nearly 2 pct

  • Print
Details
Published on 05/02/2013 - 1:35 pm
Written by Alex Veiga, AP Writer

Visa's net income dropped nearly 2 percent in the first quarter.(AP) — Visa Inc. said Wednesday that its net income slipped nearly 2 percent in the first three months of this year from the year before, when the company benefited from an adjustment to its income tax provision.

Ex-CIA boss David Petraeus takes USC teaching post

  • Print
Details
Published on 05/02/2013 - 1:30 pm
Written by Associated Press

David Petraeus was head of the CIA from Sept. 2011 to Nov. 2012.(AP) — David Petraeus' next tough assignment will be in the trenches of academia.

Intel taps COO Krzanich as chipmaker's next CEO

  • Print
Details
Published on 05/02/2013 - 1:20 pm
Written by Peter Svensson, AP Writer

Intel's Chief Operating Officer Brian Krzanich(AP) — Intel's chief operating officer, Brian Krzanich, will become its next CEO in two weeks, tasked with steering the world's largest chipmaker through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers.

Facebook 1Q earnings, revenue grow, mobile ads up

  • Print
Details
Published on 05/01/2013 - 2:07 pm
Written by Associated Press

(AP) — Facebook says its net income and revenue grew in the first quarter of the year, helped by an increase in mobile ad revenue.

Yahoo CEO ranked 2nd on company's 2012 pay scale

  • Print
Details
Published on 05/01/2013 - 1:21 pm
Written by Associated Press

Yahoo's CEO Marissa Mayeras was hired as Yahoo's CEO in July 2012 (AP Photo).(AP) — Yahoo CEO Marissa Mayer emerged as the Internet company's second highest paid executive during her first five-and-half months on the job.

Calif. reactors might be retired if restart nixed

  • Print
Details
Published on 05/01/2013 - 1:19 pm
Written by Michael R. Blood, AP Writer

The San Onofre nuclear power plant has been offline since January 2012 due to excessive wear in the tubes that carry radioactive water. (AP Photo)(AP) — Costs tied to the long-running shutdown of California's  San Onofre nuclear power plant have soared to $553 million, while the majority owner raised the possibility Tuesday of retiring the plant if it can't get one reactor running later this year.