Poizner: No mid-year push to change workers' comp rates
For the first time in six years the California Department of Insurance won't make any mid-year recommendation on workers' compensation insurance rates because the state's top insurance regulator feels one isn't needed in this stable market.
Clear Channel: Proposed merger may not pan out
Clear Channel Communications Inc., which owns three radio stations in San Jose, on Friday said it is "not certain" a planned merger deal will ever close. (CCU)
United American Bank Q1 profit falls
San Mateo-based United American Bank posted sharply lower first-quarter earnings as a difficult economy and lower interest rates placed pressure on the bottom line.
Fairchild Semi CEO named chairman
Fairchild Semiconductor Inc. on Friday named current chief executive and president Mark S. Thompson chairman of the board. (FCS)
Santa Clara earmarks $3 million for affordable housing
The County of Santa Clara Board of Supervisors will allocate about $3 million in federal funding for several housing-related programs and community service programs.
Apple to pay users of faulty adapters
Apple Inc. will give refunds to customers ranging from $25 to $79 to settle lawsuits claiming some of the company's power adapters tended to spark. (AAPL)
PDL BioPharma Q1 loss grows to $61.9M
Hit by restructuring costs, PDL BioPharma Inc. late Thursday reported a first quarter loss of $61.9 million, or 53 cents a share, compared to a loss of $10.6 million, or 9 cents a share in the same period last year. (PDLI)
Affymax Q1 loss more than doubles
Affymax Inc. on Friday reported a more than doubled first quarter loss to $15.6 million, or $1.03 a share, compared to $7.2 million, or 48 cents a share in the same quarter last year. (AFFY)