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California - The Golden State
Friday, March 12, 2010  

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Commentary, National & International Headlines:
Wall Street ends flat after mixed data ---- US FDA releases Amylin inspection report ---- BofA, Wells gov't mortgage modifications up in Feb ---- Cash-starved states put tax scofflaws in crosshairs ---- China warns Google as Internet row deal seen soon ---- Cisco to Enable Common Service Centres to Deliver Transformational Solutions in Education and Health Care Across India ---- Genentech Provides Update on Phase III Study of Avastin in Men With Late Stage Prostate Cancer

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CA Highlights:

CalPERS & CalSTRS: still down $100 billion

Dan Walters: Legislative overhaul is likely DOA

CalPERS and CalSTRS - Pension funds take new blows - 2 MORE PROJECTS SINK IN REAL ESTATE WASHOUT

State exports rise for third month - VALUE UP 18.5% FROM JANUARY 2009, UC SAYS

$1.33 billion spent to influence California government policy
Corporate News:
Wells Fargo, Baltimore in talks after mortgage suit

Reported cyberfraud losses double in 2009 -FBI

Acquisitions/Offerings/Dividends/Contracts: --- --- Rovi Corporation Prices $400 Million of Its 2.625% Convertible Senior Notes Due 2040

Corporate Actions: --- Volcano Expands Access to FFR with Ability to Integrate with the Majority of Hemodynamic Monitoring Systems ---- Genentech Provides Update on Phase III Study of Avastin in Men With Late Stage Prostate Cancer ---- Shares of Quiksilver Surge, PacSun Slumps ----

Boards, Meetings & Personnel: --- Apple rewards COO for 2009 performance

Awards, Products & Shows: --- CB Richard Ellis Group, Inc. Launches iPhone Application ---- Apple takes pre-orders for April 3 iPad launch ----


Numbers of Interest:

Bay Area home foreclosures slowing

States may hold onto tax refunds for months

Roth IRA or 401(k)? Difference is when you pay the tax

BofA, Wells gov't mortgage modifications up in Feb

U.S. wine exports fell 9.5% in value last year, 14.9% by volume

Quarterly Reports & Financials: No Reports Released Today



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California's
Traditional Economic Indicators

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The Investment World:
basic definitions & investor information
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Legalities:
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What California's Politicians Are Saying



Events - updated 3/12/10
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    The California Index - Charts & Statistics

    INDEX OVERVIEW


    3/12/10 - 15:47 PDT - The California Index opened trading today at $7115.39 and closed UP after for the seventh day in a row at $7121.50 for a net INCREASE of $6.11 Over the last 12 business days, the Index has RISEN $463.64 Since March 1, 2010, the Index has RISEN $418.16 In Comparison, Index rose $193.50 in Feb.

    Today, 4companies earned profits over $1, while one lost profits over $1. The NYSE had zero winners and zero losers, while the NASDAQ had 4 winners and 1 loser.

    5 of 12 Index segments posted gains

    Combined NYSE & NASDAQ categories produced the following results:


    Agriculture & Food - UP $1.53
    Banking, Credit & Finance - DOWN $0.45
    Construction, Real Estate & Property - UP $4.56
    Consumer Products - UP $4.58
    Employment Services DOWN $0.43
    Energy DOWN $0.76
    Entertainment - DOWN $1.06
    Health - UP $1.41
    Insurance - UP $0.11
    Manufacturing - DOWN $0.81
    Technology - DOWN $2.42
    Transportation - DOWN $0.97


    NYSE - UP $8.70
    Agriculture & Food - UP - $0.96
    Banking, Credit & Finance - UP - $1.37
    Construction, Real Estate & Property - UP $4.56
    Consumer Products - UP $2.35
    Employment - DOWN $0.28
    Energy - DOWN $1.07
    Entertainment - UP $0.23
    Health - UP $0.63
    Insurance - UP $0.11
    Manufacturing DOWN $0.61
    Technology - UP $1.32
    Transportation - DOWN $0.87

    NASDAQ - DOWN $2.59
    Agriculture and Food - UP $0.57
    Banking, Credit & Finance - DOWN $1.82
    Construction, Real Estate and Property- NS
    Consumer Products - UP $2.23
    Employment Services - DOWN $0.15
    Energy - UP $0.31
    Entertainment - DOWN $1.29
    Health - UP $0.78
    Insurance - NS
    Manufacturing - DOWN $0.20
    Technology - DOWN $3.74
    Transportation - DOWN $0.10
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