Local San Diego News From Around The County

President Barack Obama says Washington for too long has accepted billions of dollars in health care fraud and abuse as simply the cost of doing business. He says that must end.

THE HIKES: Starting in May, Pepsico Inc. is shrinking its popular Tropicana orange juice 64-ounce product to 59 ounces, while keeping the price the same, and raising the price of its gallon container of orange juice.

THE SERVICE: OnLive will let you "stream" popular high-end games over the Internet, using a mechanism similar to watching TV shows or listening to music online.

To European officials, financial derivatives are dangerous weapons that worsened its debt crisis and should be curbed.

Gov. Chet Culver on Wednesday signed into law a sweeping restructuring of state government designed to squeeze $127 million in spending from next year's budget and help close an expected shortfall.

THE PROPOSAL: A ".xxx" Internet suffix where porn sites can voluntarily set up shop away from the wandering eyes of children and teenagers.

After a long battle to keep open the President Casino in St. Louis, Pinnacle Entertainment changed course on Wednesday and agreed to close the aging gambling boat by July 1.

Oklahoma's jobless rate declined to 6.7 percent in January.

Rovi Corp. said Wednesday that it plans to issue $400 million of senior notes to buy back shares and pay down debt.

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The Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a congressional overhaul of banking rules as the top cop over the nation's largest financial institutions.

Diamond Foods Inc., which sells Emerald nuts and Pop Secret popcorn, on Wednesday said it will net about $181.4 million in a secondary offering aimed at raising cash to fund an acquisition.

In his first year as CEO of Eastman Chemical Co., James Rogers received compensation valued at $3.5 million, according to an Associated Press calculation of figures disclosed in a regulatory filing.

Craft and fabric retailer Jo-Ann Stores Inc. on Wednesday posted an 82 percent surge in fourth-quarter profit, buoyed by cost-cutting and higher sales across its product lines.

Chrysler Group LLC said Wednesday that it has named a new executive to head the reintroduction of the Fiat brand to the North American market.

Retailer Hibbett Sports Inc. said Chairman and CEO Mickey Newsome will give up the CEO's job and be replaced by the sporting goods chain's chief operating officer next Monday.

Oil tanker operator Tidewater Inc. said Wednesday that Jeffrey M. Platt, its executive vice president, has been promoted to chief operations officer.

Technology Web site operator TechTarget Inc. posted a fourth-quarter loss as sales slipped and the company absorbed higher expenses for stock-based compensation, but CEO Greg Strakosch predicted "healthy growth" in 2010, now that "the worst of the downturn is behind us."

A foreman accused of forging safety inspection reports at a West Virginia mine has pleaded guilty to violating federal mine safety laws.

The Food and Drug Administration has posted its review of a Medtronic device that treats seizures by stimulating areas of the brain used for movement.