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  • 10/19/2017 18:18:45

    Ford-backed commuter shuttle service Chariot suspended in San Francisco

    Chariot, a Ford Motor Co. -backed commuter shuttle service has been suspended by the California Public Utilities Commission after it failed three successive California Highway Patrol inspections, a spokesman told MarketWatch. "The CPUC has a responsibility to suspend a carrier's operating permit for failure to maintain a vehicle in safe operating mode, other violations related to transportation safety, and/or failure to comply with the DMV's employee Pull Notice Program," the spokesman wrote in an email. Chariot customers in San Francisco tweeted screenshots of an email from the company informing them of the service suspension shortly before the evening commute. The CPUC's decision affects the San Francisco Bay Area, but Chariot also operates in Seattle, Austin, Texas and New York, according to its website. A spokeswoman declined to answer questions about the safety violations and said in an emailed statement that the company disagrees with the CPUC order and that Chariot is in "full compliance" with regulations. "Chariot is committed to providing our customers with safe and reliable service," the spokeswoman wrote. "We also are committed to complying with government orders even when we disagree and using appropriate legal processes to resolve them as expeditiously as possible." Ford did not return a request for comment.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/19/2017 15:49:21

    UPDATE 1-California Dept of Insurance estimates wildfires losses at $1.05 bln

    Oct 19 (Reuters) - The California Department of Insurance said on Thursday its preliminary estimate for insured wildfire losses was $1.05 billion, based on claims received by the state's eight largest insurers, adding that the numbers are expected to rise.

  • 10/19/2017 14:16:40

    California Fires Spare Most Vineyards, But Marijuana Crops Go Up In Smoke

    At least 30 marijuana farms in Northern California have suffered significant crop losses, while only a handful of vineyards in the Napa Valley experienced significant property loss.

  • 10/19/2017 11:57:04

    California won't make its attorney licensing exam easier

    Becoming a lawyer in California isn't going to get easier after the state Supreme Court decided not to lower the minimum passing score on one of nation's toughest licensing exams for attorneys.

  • 10/18/2017 17:29:45

    States ask US court to keep up health subsidies cut by Trump

    Top government lawyers representing 19 U.S. states on Wednesday asked a federal judge in California to force the administration of President Donald Trump to make health care subsidy payments that Trump abruptly cut off last week.

  • 10/18/2017 04:13:47

    Fire hits Chevron refinery in Southern California

    Firefighters battled and managed to contain a blaze that began late Tuesday at the Chevron refinery in El Segundo, Calif., according to the Southern California city's police department. "Fire departments are currently fighting a fire at the Chevron refinery. Residents in the nearby areas are advised to close their windows," El Segundo Police said in a Twitter post at about 11 p.m. Pacific Time on Tuesday, or 2 a.m. Eastern Time on Wednesday. "The fire appears out," the police department later said. The blaze had been a "major fire," it came close to power lines, and firefighters had worked to extinguish it with water and foam, a KTLA report said. Chevron's stock was roughly unchanged in premarket action.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/16/2017 12:02:35

    California extends ban on Wells Fargo business for at least another year

    (Reuters) - California will extend sanctions against Wells Fargo & Co for at least another year, Treasurer John Chiang said on Monday, after the state suspended doing business with the bank in 2016 as punishment for a sales practices scandal.

  • 10/16/2017 11:30:38

    PG&E shares slide 10% on worry of potential liability in California wildfires

    Share weakness has wiped out more than $8 billion of market cap in three sessions. Shares of California utility PG&E Corp. (PCG) slid another 10% Monday on continued concerns about the company's potential liability from the California wildfires, although analysts said the selling was overdone. PG&E (PCG) stock fell 10% on Friday, after the company warned regulators are investigating the possible role of downed power lines in the wildfires that have swept across northern California...

  • 10/16/2017 10:45:16

    California extends sanctions against Wells Fargo for at least another year

    Oct 16 (Reuters) - California will extend sanctions against Wells Fargo & Co for at least another year, Treasurer John Chiang said at a press conference Monday.

  • 10/16/2017 09:11:44

    PG&E shares slide another 10% on worry about California wildfire liability

    Shares of PG&E Corp. fell another 10% Monday, extended their Friday losses after the company acknowledged that it may face some liability stemming from the California wildfires. PG&E "has about $800 million in liability insurance for potential losses that may result from these fires. If the amount of insurance is insufficient to cover (PG&E's) liability or if insurance is otherwise unavailable, PG&E Corporation's and the Utility's financial condition or results of operations could be materially affected," the company said in a filing Friday. Possibly downed power lines are among the causes under investigation for the deadly fires in northern California counties. Shares have fallen 14% in 2017, while the S&P 500 has gained 14%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/13/2017 14:00:53

    PG&E shares down 10% after California wildfire liability warning

    Shares of PG&E Corp. fell more than 10% in the late session Friday after the company acknowledged that it may face some liability stemming from the California wildfires. PG&E "has about $800 million in liability insurance for potential losses that may result from these fires. If the amount of insurance is insufficient to cover (PG&E's) liability or if insurance is otherwise unavailable, PG&E Corporation's and the Utility's financial condition or results of operations could be materially affected," the company said in a filing Friday. Possibly downed power lines are among the causes under investigation for the deadly fires in northern California counties. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/13/2017 13:10:52

    California wildfires: Is your favorite wine in danger?

    Napa and Sonoma counties are home to around 900 wineries.        

  • 10/12/2017 21:19:08

    Trump to cut off key Obamacare subsidies: report

    President Donald Trump intends to cut off key payments to health insurers, Politico reported Thursday night, in his most aggressive move yet to scrap Obamacare. Politico said the $7 billion in annual subsidies could end almost immediately, since Congress has not allocated any funds for the program. For months, Trump has threatened to cut off the payments, but many Republican lawmakers opposed the move because of the turmoil it could cause to insurance markets, including increased premiums. Politico said Trump may announce the cuts Friday. Late Thursday night, the attorneys general of New York and California said that a coalition of states would sue to preserve the subsidies if Trump moves against them. Earlier Thursday, Trump signed an executive order encouraging cheap insurance plans not subject to Affordable Care Act rules.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 18:24:37

    As Napa fires rage, wineries face singed grapes, displaced workers and costs of rebuilding

    As thousands of firefighters try to contain 10 Northern California blazes, vineyards in Napa, Sonoma and Mendocino counties are coming to grips with the damage.        

  • 10/11/2017 18:10:00

    Fires burn through at least six wineries in Napa and Sonoma valleys

    At least five wineries in northern California have sustained total or very significant losses.

  • 10/11/2017 15:28:00

    Brace for higher orange prices as USDA expected to forecast smallest crop since 1940s

    Fresh orange prices at the supermarket are likely to rise due to citrus production problems in California and Florida.

  • 10/11/2017 14:33:07

    Hundreds missing amid California fires; loved ones go online

    Desperate to find her mother after hearing her say "I'm going to die" over the phone as her mobile home caught fire, Jessica Tunis thought she should put her mom's name and picture on Facebook with a plea for help, a now common and constant move for concerned loved ones in disasters such as the Northern California wildfires.

  • 10/11/2017 12:01:32

    Las Vegas shooting victim sues hotel, festival organizer, 'bump stock' maker

    NEW YORK, Oct 11 (Reuters) - A California woman wounded in the mass shooting at a Las Vegas music festival has filed a lawsuit against the operators of the hotel where the gunman fired from, the festival organizers and the maker of a device that allowed weapons to be fired at a near-automatic rate.

  • 10/11/2017 11:19:58

    California wine country ravaged by wildfires

           

  • 10/11/2017 01:41:29

    Families use Facebook to search for loved ones after fires

    Desperate to find her mother after hearing her say "I'm going to die" over the phone as her mobile home caught fire, Jessica Tunis thought she should put her mom's name and picture on Facebook with a plea for help, a now common and constant move for concerned loved ones in disasters such as the Northern California wildfires.

  • 10/10/2017 23:40:35

    Wildfires kill 15, destroy 1,500 homes and other buildings in California wine country

    Fast-moving wildfires raging across Northern California's wine country have killed 17 people, left about 150 missing and destroyed 1,500 homes, wineries and other structures, state fire officials said on Tuesday. The flames from 17 major blazes have blackened more than 115,000 acres since fires broke out on Sunday amid hot, dry conditions and high winds.

  • 10/10/2017 15:39:38

    Worried California vintners assess damage after wildfires

    Workers in Northern California's renowned wine country picked through charred debris and plotted what to do with pricey grapes after wildfires swept through lush vineyards, destroying at least two wineries and damaging many others.

  • 10/10/2017 14:46:14

    UPDATE 4-Wildfires kill 15, damage 1,500 homes in California wine country

    SANTA ROSA, Calif., Oct 10 (Reuters) - Fast-moving wildfires burning across Northern California's wine country had claimed at least 15 lives by Tuesday afternoon and destroyed an estimated 1,500 homes and commercial buildings, according to the California Department of Forestry and Fire Protection.

  • 10/10/2017 13:25:05

    California Governor Signs Law To Make Drug Pricing More Transparent

    This is the first step in a long game to develop clearer prescription drug pricing laws around the country, health policy experts say.

  • 10/10/2017 13:04:48

    Wildfires in 2 Northern California Metros Risk Homes Valued $65 Billion


  • 10/10/2017 13:01:50

    Napa, Sonoma wineries hit hard by wildfires

    At least one winery destroyed by fast-moving California wildfires.        

  • 10/10/2017 13:00:31

    In Wine Country, Wildfires Take a Toll on Vintages and Tourism

    Fatal fires that have devastated parts of Northern California this week engulfed several wineries and destroyed several hotels and restaurants.

  • 10/10/2017 12:09:08

    Fog gives California firefighters an edge on blaze that killed 13

    Firefighters on Tuesday battled 17 wildfires that have killed at least 13 people and destroyed hundreds of buildings in Northern California's wine country, as a drop in winds and cool fog gave them a chance to make progress in controlling the blazes.

  • 10/09/2017 13:22:19

    Wildfires tear through California wine country; 20,000 evacuated

    Residents in Napa and Sonoma counties fled their homes.

  • 10/09/2017 13:12:57

    UPDATE 1-California governor signs drug pricing transparency law

    Oct 9 (Reuters) - California Governor Jerry Brown on Monday signed state legislation requiring drug companies to report certain price hikes for prescription medicines in a move that could set a model for other states to follow.

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