Latest California News

With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%

Jul. 23, 2024 06:35 AM EDT

DETROIT (AP) — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company's net income 15% above a year ago. And GM Chief Financial Officer Paul Jacobson said he doesn’t see his company cutting...

Banc of California: Q2 Earnings Snapshot

Jul. 23, 2024 06:34 AM EDT

LOS ANGELES (AP) — LOS ANGELES (AP) — Banc of California Inc. (BANC) on Tuesday reported second-quarter earnings of $30.3 million. The Los Angeles-based bank said it had earnings of 12 cents per share. Earnings, adjusted for non-recurring gains, were 10 cents per share. ...

Harris has support of enough Democratic delegates to become party’s presidential nominee: AP survey

Jul. 23, 2024 04:32 AM EDT

WASHINGTON (AP) — Vice President Kamala Harris has secured the support of enough Democratic delegates to become her party’s nominee against Republican Donald Trump, according to an Associated Press survey, as top Democrats rallied to her in the aftermath of President Joe Biden’s decision to...

Largest trial court in the US closes after ransomware attack, California officials say

Jul. 23, 2024 02:51 AM EDT

LOS ANGELES (AP) — The largest trial court in the country was closed Monday after a ransomware attack shut down its computer system late last week, officials with the Superior Court of Los Angeles County said. The court disabled its computer network upon discovery of the...

Despite Musk's Trump endorsement, X remains a go-to platform for Democrats

Jul. 22, 2024 19:06 PM EDT

A week after Elon Musk endorsed Donald Trump for president, President Joe Biden's team used Musk's social media platform X — in addition to more neutral spaces such as Facebook and Instagram — to announce he is ending his reelection campaign. It's a testament to how ingrained...

Silicon Valley-backed voter plan for a new California city won't be on the November ballot after all

Jul. 22, 2024 18:59 PM EDT

FAIRFIELD, Calif. (AP) — A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area on land now zoned for agriculture won't be on the Nov. 5 ballot after all, officials said Monday. The California Forever campaign qualified for...

Simpson Manufacturing: Q2 Earnings Snapshot

Jul. 22, 2024 16:33 PM EDT

PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Simpson Manufacturing Co. (SSD) on Monday reported profit of $97.8 million in its second quarter. On a per-share basis, the Pleasanton, California-based company said it had profit of $2.31. The building materials...

Cadence: Q2 Earnings Snapshot

Jul. 22, 2024 16:23 PM EDT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cadence Design Systems Inc. (CDNS) on Monday reported second-quarter net income of $229.5 million. The San Jose, California-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs,...

Calix: Q2 Earnings Snapshot

Jul. 22, 2024 16:18 PM EDT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Calix Inc. (CALX) on Monday reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier. The San Jose, California-based company said it had a loss of 12 cents per share. Earnings,...

Harris could become the first female president after years of breaking racial and gender barriers

Jul. 22, 2024 12:54 PM EDT

WASHINGTON (AP) — She's already broken barriers, and now Kamala Harris could shatter several more after President Joe Biden abruptly ended his reelection bid and endorsed her. Biden announced Sunday that he was stepping aside after a disastrous debate performance catalyzed fears...