Facebook Now Worth More Than Amazon.com, McDonalds In Public Debut
With its debut on the stock market Friday, Facebook has become the most valuable U.S. company to ever go public.
Watch CBS News
With its debut on the stock market Friday, Facebook has become the most valuable U.S. company to ever go public.
Gov. Jerry Brown is expected to arrive in Los Angeles Monday afternoon to pitch his plan to fix the state's budget deficit.
Gov. Jerry Brown says California's budget deficit has grown to a projected $16 billion.
University of California students could face significantly higher tuition if the state doesn't increase funding and voters reject the governor's tax initiative, school administrators said Tuesday.
Los Angeles Mayor Antonio Villaraigosa on Monday declined to back any of the three income tax initiatives competing for space on the November ballot.
LAUSD employees hit the streets Monday night, the day before the district board will vote on a budget that includes significant cuts to student programs and services for the 2012-13 school year.
Gov. Jerry Brown has signed a bill that will help the state avoid cash-flow problems this spring by allowing it to borrow from existing government funds.
Gov. Jerry Brown is scheduled to be in Irvine Thursday morning, where he will push for support of his controversial new budget proposal.
Gov. Jerry Brown gave Californians a choice between higher taxes and deeper cuts to public schools and other core functions of government during his State of the State address Wednesday, essentially beginning his campaign for a planned November ballot initiative on taxes.
City Administrative Officer Miguel Santana and Chief Legislative Analyst Gerry Miller warned Tuesday the city could be on the hook for as much as $109 million if it elects to be in charge of winding down the Community Redevelopment Agency of the City of Los Angeles, a task required by a recent state Supreme Court ruling.
An innovative program that would help children transition into kindergarten may be put on hold as California works to bridge its budget deficit.
Gov. Jerry Brown wants Washington to help families and businesses fix damage from last month's windstorm in Southern California.
The Los Angeles Unified School District plans to file a lawsuit Wednesday in hopes of blocking $38 million in cuts to the district's transportation program.
Californians will find out Tuesday how much the state will automatically cut from public schools, higher education and a range of state services.
Governor Jerry Brown has declared a state of emergency for Eastern Los Angeles County. The declaration came Saturday, 10 days after hurricane-force winds blew out of the San Gabriel Mountains and caused widespread damage and power outages throughout the San Gabriel Valley.
Electric vehicle maker CODA Automotive opened its global headquarters Thursday at an event that drew Gov. Jerry Brown and Mayor Antonio Villaraigosa.
State budget cuts may wipe out a 200-member elite security detail that has been keeping a close eye on Gov. Jerry Brown since he became attorney general.
California's bullet train will cost an estimated $98.5 billion to build over the next 22 years, a price nearly double any previous projection and one likely to trigger political sticker shock, according to a business plan scheduled to be unveiled Tuesday.
Gov. Jerry Brown unveiled a new pension plan for state workers Thursday, which will raise the retirement age to 67 for new hires.
Gov. Jerry Brown has issued a proclamation declaring Sunday as Steve Jobs Day in California.
Gov. Jerry Brown signed off on a flurry of legislation over the weekend after working through 142 bills on his desk before a midnight deadline on Monday.
California will become the first state to make it illegal for teenagers under age 18 to use tanning beds under a bill signed into law by Gov. Jerry Brown.
Gov. Jerry Brown has signed a bill allowing illegal immigrant students applying to state universities to receive state-funded scholarships and financial aid.
An Inland Empire lawmaker's bill to remove elected officials from boards or commissions when they're facing criminal charges was signed Friday by Governor Jerry Brown.
California Governor Jerry Brown signed into law Friday a bill that specifically exempts officials of a San Gabriel Valley light-rail project from another state law that prohibits them from holding numerous public offices with interests that could conflict.
For the second time this week, a porch pirate allegedly stole a package after impersonating a Southern California homeowner.
Seven months ago, Cindy Jacquet came home after running errands with her daughter to find her son's car parked in front of their driveway.
Blake Snell has agreed to a $182 million, five-year contract with the World Series champion Los Angeles Dodgers, according to a person with direct knowledge of the negotiations.
Public health officials identified 10 stores in Los Angeles County that sold the recalled raw milk possibly tainted with bird flu.
After a few burglaries, Stevenson Ranch neighbors believe a group of thieves are using drones to case their homes.
For the second time this week, a porch pirate allegedly stole a package after impersonating a Southern California homeowner.
Seven months ago, Cindy Jacquet came home after running errands with her daughter to find her son's car parked in front of their driveway.
Blake Snell has agreed to a $182 million, five-year contract with the World Series champion Los Angeles Dodgers, according to a person with direct knowledge of the negotiations.
Public health officials identified 10 stores in Los Angeles County that sold the recalled raw milk possibly tainted with bird flu.
After a few burglaries, Stevenson Ranch neighbors believe a group of thieves are using drones to case their homes.
For the second time this week, a porch pirate allegedly stole a package after impersonating a Southern California homeowner.
Seven months ago, Cindy Jacquet came home after running errands with her daughter to find her son's car parked in front of their driveway.
Public health officials identified 10 stores in Los Angeles County that sold the recalled raw milk possibly tainted with bird flu.
After a few burglaries, Stevenson Ranch neighbors believe a group of thieves are using drones to case their homes.
The Los Angeles County man, who was trying to board a flight to Australia, faces one count of intent to distribute methamphetamine.
No one was seriously injured.
The historic fountain at the center of a roundabout in Orange was hit by yet another driver over the weekend, marking just another incident in a string that dates back years.
It happened just before 9 p.m. on Saturday in the 2000 block of S. Wood Street, according to the Santa Ana Police Department.
Two people are expected to be okay after a harrowing crash in Newport Beach early Sunday morning.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
Upland police recently shared video of an unusual arrest outside of a shopping mall over the weekend, where they learned that a man had brought his teenage stepson along with him on a shoplifting spree.
Traffic slowed down in San Bernardino County after a big rig crashed along the I-15 Freeway Monday afternoon.
A trio of officers from the California Highway Patrol became part of a woman's life-changing moment after she went into labor while near the Cajon Pass.
The parents were arrested after detectives discovered signs of neglect and child abuse at a home where they were called for reports of a 10-year-old boy in medical distress.
The Riverside County District Attorney's Office declined to file charges against the suspected sexual predator who tried to meetup with a Temecula teenager for sex because they said more evidence was needed before they could take action.
While sometimes slow, the tracing system from the Bureau of Alcohol, Tobacco Firearms and Explosives played an instrumental role in helping law enforcement locate the man who opened fire inside a Monterey Park dance hall in 2022.
Following a deadly hijacking of a Metro bus, Ross Palombo digs through data about violence on the Metro system.
Ross Palombo goes over the crime statistics available for the Metro.
KCAL News investigates connection between Beverly Hills armed robbery and gun belonging to notorious police killer Christopher Dorner.
Ross Palombo shows how investigators arrested the man accused of starting the Line Fire after they spotted his white truck. Palombo also speaks to the man's family.
Blake Snell has agreed to a $182 million, five-year contract with the World Series champion Los Angeles Dodgers, according to a person with direct knowledge of the negotiations.
President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
The death of music star Liam Payne has thrust "pink cocaine," sometimes also called Tusi, into the national spotlight. The National Drug Early Warning System predicted its rise back in 2023.
Tortilla strips sold in grocery stores across the U.S. have been recalled due to concerns about an undeclared wheat allergen.
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Grocery giant Albertsons will pay nearly $4 million to settle a lawsuit accusing it of overcharging customers at hundreds of Albertsons, Safeway and Vons supermarkets.
A federal judge has blocked a new California law allowing any person to sue for damages over election deepfakes.
Californians with iPhones and Apple Watches will now be able to store digital versions of their driver's licenses and identification cards on their devices, state officials announced.
The authorization comes after a week-long voting period for the more than 6,000 Food4Less workers represented by the United Food and Commercial Workers Local union.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
Public health officials are urging residents and business owners to monitor their water sources after seven people reported contracting Legionnaire's Disease in recent days.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Public health officials have reported two more locally acquired cases of the mosquito borne illness dengue in Los Angeles County, bringing the total to 11 cases in recent weeks.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Avid coin collectors jumped at the chance to get their hands on a rare "double eagle" gold coin at a Southern California auction house.
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.
Two more members of the Los Angeles Times editorial board have resigned after the newspaper's owner blocked its plan to endorse Democratic Vice President Kamala Harris for president.
Thousands of mental health workers at Kaiser Permanente facilities spanning across Southern California went on strike on Monday, calling for increased pay and restored pension plans, amid other demands.
Blake Snell has agreed to a $182 million, five-year contract with the World Series champion Los Angeles Dodgers, according to a person with direct knowledge of the negotiations.
Rookie Macklin Celebrini scored two goals and had one assist for his first career three-point game, Will Smith had two assists, and the San Jose Sharks shocked the Los Angeles Kings 7-2.
Los Angeles Rams receiver Demarcus Robinson was arrested on suspicion of driving under the influence.
Andre Burakovsky and Brandon Montour scored 24 seconds apart early in the third period and the Seattle Kraken extended their winning streak over the Anaheim Ducks to eight games with a 3-2 victory Monday night.
Lamar Jackson threw two touchdown passes and ran for a score, Derrick Henry rushed for 140 yards, and Baltimore coach John Harbaugh improved to 3-0 against his brother as the Ravens beat Jim Harbaugh's Los Angeles Chargers 30-23.
The bar opened in 2022, just a few months ahead of the reality TV pop culture moment known as "Scandoval," which revealed that "Vanderpump Rules" star Tom Sandoval had an affair with castmate Rachel Leviss, the close friend of his girlfriend, Ariana Madix.
Lawyers for actor Jonathan Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court.
The 17-time Grammy Award-winning artist's new album features 12 songs.
For years, actor and comedian Katt Williams has claimed he lied about his age as a teenager to join the Marines and passed boot camp before being drummed out. The Marines have no record of him ever serving.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
A violent tirade on a United flight to LAX may have helped a man battling addiction get the help he needs. Lesley Marin reports.
The plummeting values of skyscraper offices dealt another blow to downtown Los Angeles which is still trying to recover from the pandemic. Tom Wait reports.
KCAL News reporter Laurie Perez spoke to a man in Lawndale who thinks he's a victim of a new con.
The former head of the Drug Enforcement Administration in Los Angeles discusses the history of protonitazene after the Justice Department filed charges in the first recorded death-resulting criminal case involving the novel opioid in the nation.
Thanksgiving traffic has clogged Southern California freeways more than usual. Nicole Comstock reports.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
Los Angeles comes out to celebrate the Boys in Blue two days after winning the 2024 World Series.
The Los Angeles Dodgers are World Series champions after defeating the New York Yankees in game 5.
The Los Angeles Dodgers win the World Series in Game 5 in a 7-6 win over the New York Yankees
