CALIFORNIA

Apple Inc reported sharp gains in quarterly revenue and profit as the company moved to adopt new accounting standards for its iPhone.

Intel said new contracts are in place to incorporate approximately 2.5 megawatts worth of new solar power projects as it moves to develop renewable energy sources.

U.S. stocks moved higher on Monday as signs that Fed Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down in last week's sell-off, such as technology stocks.

The S&P 500 rose slightly in early trading amid signs over the weekend that Fed Chairman Ben Bernanke will be confirmed for a second term.

New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.

Today celebrities and tourists still relax and enjoy the scenic and historic charm of the city. Reuters correspondents with local knowledge offer tips on how to get the most out of one of the few California towns where walking shoes will suffice to see most of the sights.

Google on posted big profit and sales gains for the fourth quarter as it continued to see an increase in the number of users clicking its online advertisements.

California has issues with federal attempts to weaken new vehicle pollution standards, but the state backed away on Wednesday from a report that it was threatening to pull out of a deal with U.S. President Barack Obama's administration.

The benefit to the U.S. population would be comparable to cutting smoking by 50 percent, significantly lowering obesity rates and giving cholesterol drugs to virtually everyone to prevent heart attacks, said Dr. Kirsten Bibbins-Domingo of the University of California, San Francisco and colleagues.

A record breaking movie box office take in 2009 was not enough to stave off Hollywood job losses last year, but 2010 is expected to bring a modest recovery of up to 3,000 jobs, in part due to an increase in TV productions, according to an economic report released on Thursday.

After regulators approved Oracle's proposed acquisition of Sun Microsystems this morning, the company is planning to unveil its long-term strategy at an event next week.

The U.S. agency charged with dismantling or selling off failed banks said it is equipped to deal with what it sees as a busy 2010, according to remarks to be delivered before Congress on Thursday.

Unemployment rates will likely peak in most U.S. cities in 2010, but it will be many more years before jobless rates hit their lows of the last decade, a report released by a U.S. mayors group shows.

JPMorgan Chase is in exclusive talks to buy the RBS Sempra commodities joint venture, people familiar with the matter said on Wednesday, in a deal expected to be worth about $4 billion.

U.S. technology professionals are more frustrated with their pay than they have been in years as their salaries stagnate, according to an annual survey of about 17,000 visitors to the Dice.com website.

Giant oil company Chevron Corp plans to restructure its refinery operations, cutting some jobs and exiting some markets, a company spokesman said on Tuesday.

Quebec's power utility is teaming up with Mitsubishi Motors to road test the performance of up to 50 all-electric vehicles against the rigors of the Canadian climate and measure their infrastructure needs.

Shiseido Co Ltd , Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market.

U.S. Treasury Secretary Timothy Geithner said on Thursday the bailout of insurer American International Group was not meant to help out bank counterparties and that he had no role in the decision not to disclose payments made to banks.

U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.

Pacific Investment Management Co, the world's biggest bond fund, has seen assets under management exceed $1 trillion for the first time, underscoring investors' appetite for yield and portfolio diversification.