CALIFORNIA

Headlines often focus on big discoveries or major new sources for crude oil. This can obscure the fact that as much as 20 percent of the Nation's crude oil production comes from marginal-volume stripper wells. Oil stripper wells generally produce from reservoirs that are approaching the end of their commercial lives and are typically operated by smaller independent companies. By definition, oil stripper wells are those that produce no more than 15 barrels of oil equivalent per day over a twelv...

Investors dumped U.S. stocks on Tuesday as fears grew that the financial rescue package for Greece might not be enough to prevent a sovereign debt crisis from spreading to other weak euro zone countries.

BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.

Massive oil spill on the other side of the mainland prompted actor governor Arnold Schwarzenegger of US state California to withdrew his support of a plan to expand oil drilling off the state's coast. The governor had earlier proposed expanding oil drilling off the coast of Santa Barbara County to help close the state's $20 billion budget deficit.

NEW YORK - Doctors at a California children's hospital have found the first evidence that using an electronic system to communicate their orders may save lives.

Many firms in Boston's financial district invest in things you can't touch: currency futures, index options, credit derivatives and so on.

Chevron Corp's quarterly profit more than doubled, beating forecasts, as a bounce in oil prices offset lower refinery earnings at the second-largest U.S. oil company.

The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.

(Reuters) - WellPoint Inc's (WLP.N) California unit will revise rate requests for its individual plans in the state that drew national political fire during the U.S. health reform debate.

Nissan Motor Co said on Thursday it is on track to book 25,000 U.S. orders for its Leaf electric vehicle by the end of the year and the automaker will be making money on the green car.

Language software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc has been dismissed by a federal judge.

Goldman Sachs & Co, Citigroup Inc and other high-profile banks must defend against allegations by 15 California cities and counties that they conspired to rig bids for municipal investment contracts and derivatives, a U.S. judge ruled.

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

Europe took the first steps toward a massive roll-out of electric vehicles on Wednesday, backing up past rhetoric with plans for pan-European standards that the industry has cried out for.

Researcher gets 4 months in prison for reading celebrity medical records.

Sachin Agarwal believes he has the solution for all those who have tried, and failed, to sign their parents up for a Facebook account so they could see photos of their grandchildren: Posterous.

Researchers at the Australia's Burnet Institute have created a rapid point-of-care diagnostic test for measuring CD4 T-cells, the marker of the immune system for people with HIV and AIDS.

(Reuters) - People who are depressed eat more chocolate than people who are not, U.S. researchers said on Monday, in a study that puts numbers behind the link between mood and chocolate.

The Supreme Court said on Monday it would decide whether a California law banning the sale and rental of violent video games to minors violated constitutional free-speech rights, the first time it will rule on a video game case.

Goldman Sach's bond trader Fabrice Tourre has plenty to worry about, being accused of fraud by the Securities and Exchange Commission. But his amorous emails made public in the case may have him losing even more sleep at night.