Synaptics posts higher 4Q earnings as sales rise, but shares tumble on weak 1Q outlookSANTA CLARA, Calif. — Synaptics Inc., which makes touchscreen technology for computers and smartphones, on Thursday reported stronger fiscal fourth-quarter earnings helped by a one-time gain and higher sales, but shares tumbled in aftermarket trading as the company forecast first-quarter sales below Wall Street expectations. California budget could leave drug offenders without treatment or jail timeSACRAMENTO, Calif. — Thousands of California drug offenders could end up without treatment or jail time because of a clash between the state’s new budget and an initiative voters approved nine years ago. Abaxis Inc. sees profit soar in second-quarterUNION CITY, Calif. — Abaxis Inc. said Thursday that its second-quarter profit jumped 35 percent on stronger sales of its blood analysis equipment. BioMarin Pharmaceutical 2nd-quarter earnings decline as expenses riseNOVATO, Calif. — BioMarin Pharmaceutical Inc., which develops biopharmaceuticals for diseases, said Thursday it posted a lower second-quarter profit as operating expenses jumped around 32 percent during the period. Feds seize heroin worth $17 million, indict 21 in Mexico, California drug ringSACRAMENTO, Calif. — Authorities say federal drug agents have broken up a narcotics ring responsible for importing heroin valued at $17.5 million into California from Mexico. Disney 3rd quarter profit falls 26 percent due to tough global economy.LOS ANGELES — The Walt Disney Co. said Thursday its fiscal third-quarter profit fell 26 percent as slower DVD sales pushed its movie studio into the red while the weakening market for TV ads stabilized. Pit bull puppy saved from stabbing in California now for sale on CraigslistMISSION VIEJO, Calif. — A pit bull puppy that was saved by a Mission Viejo rescue group after being stabbed seven times by its owner is now for sale on Craigslist for $300. Schwarzenegger, California lawmakers’ approval rating fall to new lowsSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger’s popularity has sunk to a new low of 28 percent as he heads into his final months in office grasping for a legacy after a bitter budget fight, according to a new poll by the Public Policy Institute of California. USGS study shows number of large-diameter trees in Yosemite National Park has declinedFRESNO, Calif. — Scientists with the U.S. Geological Survey said Wednesday there are fewer large-diameter trees growing in Yosemite National Park than in years past, most likely because of climate change. Attorney: Marine accused in California attacks suffers from post-traumatic stress from combatFRESNO, Calif. — An attorney for a U.S. Marine accused of attacking his estranged wife and two of her relatives says his client suffers from post-traumatic stress disorder from combat. Schwarzenegger to call special session on taxes; grants tax commission another extensionSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger says he’ll call a special session of the state Legislature to address California’s volatile tax system. LSI Corp.’s 2nd-quarter loss widens on charges, beats analysts’ expectationsMILPITAS, Calif. — Chip maker LSI Corp. posted a wider second quarter as it booked charges for acquisitions and restructuring, but the results beat Wall Street predictions. Chevron Corp.’s board boosts quarterly dividend 4.6 percent to 68 cents a shareSAN RAMON, Calif. — Chevron Corp. raised its quarterly dividend by 4.6 percent to 68 cents a share from 65 cents a share. Schwarzenegger’s California budget draws critics from Democrats
Western Digital fourth-quarter earnings fall 8 percent even as it shipped more hard drivesLAKE FOREST, Calif. — Disk drive maker Western Digital Corp. said Tuesday that its fourth-quarter profit fell 8 percent on lower revenue, but the results were well ahead of Wall Street estimates. DreamWorks beats 2nd quarter estimates on strong showing from ‘Kung Fu Panda,’ ‘Madagascar 2′GLENDALE, Calif. — DreamWorks Animation SKG Inc. reports second-quarter earnings that blew past Wall Street forecasts on the strength of last year’s films. 14 suspected illegal immigrants detained after plea for help leads to Compton homeCOMPTON, Calif. — The Los Angeles County Sheriff’s Department says a written plea for help tossed from a barred window led deputies to detain 16 suspected illegal immigrants and make one arrest. Pro-pot activists take first step toward putting legalization question to California votersSAN FRANCISCO — Oakland pot activists fresh off a victory at local polls on the taxing of medical marijuana took their first official step Tuesday toward asking California voters to legalize pot. Schwarzenegger vetoes child welfare, Healthy Families spending as he signs $85B Calif. budgetSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger signed a revised $85 billion budget Tuesday that he said contained “the good, the bad and the ugly,” including additional cuts to child welfare programs, health care for the poor and AIDS prevention efforts. Schwarzenegger likely to cut health, welfare in signing revised Calif. budgetSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger on Tuesday is expected to use his line-item veto power to make additional cuts to California’s latest spending plan — a move advocates fear could further hurt the poor. Robber confesses to priest after California credit union heist, turns over $1,200WALNUT CREEK, Calif. — A man who robbed a San Francisco Bay area bank apparently felt guilty enough to confess his sins and hand over $1,200, but not enough to turn himself in. Sobral-Mousasi heavyweight MMA fight moves from canceled Affliction card to StrikeforceSAN JOSE, Calif. — Renato Sobral’s light heavyweight mixed martial arts fight with Gegard Mousasi has been picked up by the Strikeforce promotion after Affliction’s show next month was canceled. SF Zoo tiger attack victim arrested after traffic stopSAN JOSE, Calif. — A San Jose man attacked by a tiger at the San Francisco Zoo has been arrested on suspicion of cocaine possession and being under the influence of a controlled substance. Bond analyst: California’s new budget filled with accounting tricks, unlikely to help ratingSACRAMENTO, Calif. — A bond analyst was skeptical Monday about California’s revised budget, saying it was filled with accounting tricks that would do little to improve the state’s poor credit rating. California judge orders guardian to oversee finances, labor rights of Suleman’s octupletsORANGE, Calif. — A California judge appointed a lawyer Monday to oversee the estate of Nadya Suleman’s octuplets, saying he wanted to ensure they weren’t exploited by reality television shows, tabloid photo spreads or other paid ventures. Actuate 2Q profit falls as revenue declines nearly 15 percentSAN MATEO, Calif. — Actuate Corp. on Monday reported a smaller profit for the second quarter from a year ago, hurt by a nearly 15 percent decline in revenue. Schwarzenegger likely to cut health, welfare further in signing revised Calif. budgetSACRAMENTO, Calif. — Human services advocates say more cuts to health and welfare programs are likely this week when Gov. Arnold Schwarzenegger issues line-item vetoes before signing California’s revised budget. Melee at Portuguese bullfight sparks renewed debate over religious tradition, animal crueltyTHORNTON, Calif. — It was supposed to be a “bloodless bullfight,” a dangerous dance between a pirouetting matador and an enraged bull that would not end in death. Police in Mexico identify main suspect in shooting death of US Border Patrol agentCHULA VISTA, Calif. — Authorities in Mexico on Sunday named the man suspected of pulling the trigger in the fatal shooting of a U.S. Border Patrol agent working alone in a remote section of San Diego County. Survey: Gas prices nationwide drop about 7 cents in past 2 weeksCAMARILLO, Calif. — The U.S. price of gasoline fell about 7 cents a gallon during the past two weeks to $2.49, for a gallon of regular unleaded. |
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SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger has signed a revised $85 billion budget and targeted welfare for deeper cuts, prompting threats from Democratic lawmakers to block his political agenda during his final months in office.”This kind of game playing by the governor doesn’t bode well for success in terms of water, corrections, pensions or any of the other items that he is looking to in order to build some kind of real legacy,” Assembly Speaker Karen Bass said in a statement Tuesday after the Republican governor announced his vetoes.
