California Business News

Wal-Mart Stores Inc has agreed to pay $40 million to settle a 2001 class action lawsuit by current and former employees in the state of Massachusetts, who accused the retailer of systematic wage-and-hour violations, the plaintiffs' attorney said on Wednesday....

Ford is cranking up the horsepower on the 2011 Mustang as it tries to win back muscle car sales from its archrival, the Chevrolet Camaro. Though much of this week’s Los Angeles Auto Show will focus on smaller, fuel-efficient models,...

The event at the Sheraton Grand Sacramento was sponsored by the California Labor Federation in response to state unemployment levels that stand at 12.5 percent. Throughout the day, speakers and discussion panelists focused on some common themes: rebuilding infrastructure, expanding...

Ford Motor Co., betting that U.S. drivers will embrace small cars with the amenities of larger models, is preparing to resume building subcompacts in North America for the first time since ending the Pinto in 1980. The domestic version of...

Delta Air Lines announced Wednesday that it will add daily nonstop flights from San Diego to Honolulu, beginning June 3. It is the first time Delta, which recently merged with Northwest Airlines, has served Honolulu from San Diego. "The expanded...

Wal-Mart Stores Inc. opened a new front in its price war against other retailers by temporarily slashing prices on 50 popular videogames in a bid to steal market share. The discount chain's videogame price cuts are some of the most...

Shoe retailer Collective Brands Inc. said Wednesday its third-quarter profits fell 22 percent but still beat Wall Street expectations as sales rose slightly. The Topeka, Kan.-based operator of the Payless ShoeSource and Stride Rite chains reported earning $36.9 million, or...

People looking to buy real estate in Laguna Beach, Orange County have a new resource on hand to help them with their search. LagunaOC.com, a newly launched online listing service, offers home listings for Laguna Beach real estate properties throughout...

The company reported a third-quarter loss of $2.3 million, or 9 cents a share, compared to profit of $3.7 million or 14 cents a share in the year-ago period...Net revenue fell 24% during the quarter to $35.5 million, compared to...

ConocoPhillips ( COP.N ) said on Wednesday it plans to spend 10 percent less in 2010 as the third-largest U.S. oil and gas company slims down and sharpens its focus in response to volatile energy markets. Shares of Conoco rose...