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Aug 9, 2011

Emerging markets comfort Intel CFO as stocks fall

SAN FRANCISCO, Aug 8 (Reuters) – Intel’s business is on
course despite the meltdown in global stock markets and U.S.
sovereign debt downgrade, thanks to demand in developing
markets, its chief financial officer said.

In sharp contrast to panicked investors who sent the Dow
Jones down more than 5 percent on Monday, an unruffled Stacy
Smith said consumers in booming economies like China and Brazil
that now make up half of Intel’s sales were not scared by U.S.
issues.

Aug 8, 2011

Intel CFO says US downgrade doesn’t change its course

SAN FRANCISCO, Aug 8 (Reuters) – Intel’s chief financial
officer said he does not expect S&P’s downgrade of U.S.
sovereign debt to hurt business at the top personal computer
chipmaker this quarter, after a sharp sell-off on Wall Street
on Monday.

Weeks before global markets went into a tailspin after
Standard & Poor’s took the unprecedented step of downgrading
U.S. debt, Intel trimmed its forecast for 2011 personal
computer unit sales, warning of softness in mature markets.

Aug 2, 2011
Jul 1, 2011

Governor Moonbeam has big plans for California sun

SAN FRANCISCO (Reuters) – California plans to get a third of its electricity from wind, solar and other renewable energy, but Governor “Moonbeam” Jerry Brown wants more. Soon.

The feisty 73-year-old who brings a former seminarian’s zeal to environmentalism sees green jobs reinvigorating the economy and restoring California’s position as world leader in clean energy.

Jun 29, 2011

Analysis: California budget wins approval but no applause

SACRAMENTO/SAN FRANCISCO (Reuters) – California is taking a first step to shedding its reputation for fiscal sloppiness, adopting an on-time budget for the first time in years.

If a compromise is something that no one likes, California has achieved one: Governor Jerry Brown, both political parties and even investors have plenty to complain about in the spending plan.

Jun 28, 2011

Snap Analysis: California Democrats control reform agenda

SAN FRANCISCO (Reuters) – A budget deal between California’s governor and fellow Democrats in control of the state legislature on Monday has left Republicans with little role to play in major reforms.

Governor Jerry Brown and Democratic legislative leaders unveiled their plan on Monday.

Jun 28, 2011

California governor, Democrats notch budget deal

SAN FRANCISCO (Reuters) – California Governor Jerry Brown and Democratic legislative leaders have reached a deal that bypasses Republicans and relies on higher tax revenue forecasts and some spending cuts to close a $10 billion gap.

Tax revenue is coming in far ahead of expectations, Brown told a news conference. He said he decided to craft a budget with Democratic allies, who have majorities in both houses of the California legislature, when he determined he could not overcome a “religious reluctance” among Republicans to embrace tax extensions.

Jun 24, 2011

Americans may hit gas again after reserve release

MIAMI/SAN FRANCISCO, June 24 (Reuters) – Going lightly on
the gas pedal, getting a few dollars of gas rather than filling
up, cutting out the cruising, and swapping the BMW for a Dodge
Caliber — those are ways Americans are coping with gasoline
prices well above $3 a gallon.

But people pumping gas on Friday from Miami to San
Francisco saw prospects for lower prices thanks to President
Barack Obama’s decision on Thursday to tap the country’s
emergency petroleum stockpile as part of a global effort to
bolster tight oil supplies.

Jun 17, 2011

California’s Brown vetoes fellow Democrats’ budget

SAN FRANCISCO (Reuters) – California Governor Jerry Brown on Thursday vetoed an “unrealistic” budget passed by fellow Democrats in the state legislature and insisted on either extending tax hikes or making deep spending cuts.

The hardball move drew immediate praise from financial professionals and other observers, although Democrats who pushed through the plan on Wednesday complained that Brown wanted too much and needed to find Republican support himself or move on from his tax plan which has languished for months.

Jun 16, 2011

California governor vetoes budget in face of “wall of debt”

SAN FRANCISCO (Reuters) – California Governor Jerry Brown on Thursday vetoed an “unrealistic” budget and insisted that the state choose between extending tax hikes or making deep spending cuts to solve long-term fiscal problems.

The hardball move drew immediate praise from financial professionals and other observers, although Democrats who pushed through the plan on Wednesday complained that Brown needed to get Republican support quickly or move on from his tax extensions plan which has languished since January.

    • About Peter

      "Peter Henderson has worked for Reuters for more than a decade, covering the collapse of the Russian economy in the 1990s, media in Los Angeles and politics in San Francisco. He is West Coast Enterprise Editor, focusing on reporting and editing in-depth stories."
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