Chipmaker Nvidia to acquire Mellanox for $6.9 billion

Chipmaker Nvidia will acquire network and data transmission company Mellanox for $6.9 billion in an all-cash deal. The acquisition, which equates to $125 per share, has been approved by both companies' boards and is expected to close by the end of 2019 pending regulatory approval.

SEC seeks contempt charges against Tesla CEO Elon Musk

Stock market regulators are asking a federal court to hold Tesla CEO Elon Musk in contempt for violating an agreement requiring him to have his tweets about key company information reviewed for potentially misleading claims.

Best retirement cities if you don't have $1M saved

Nearly half of Americans (48 percent) don’t think their retirement savings will ever reach $1 million, according to a study by Fidelity, even though more than 30 percent of Americans expect to need more than $1 million to live on after they stop working.

Governor Newsom wants users to profit from online data

SACRAMENTO, Calif. (AP) - California Gov. Gavin Newsom has set off a flurry of speculation after he said the state's consumers should get a piece of the billions of dollars that technology companies make by capitalizing on personal data they collect.

IRS: Refund checks down 8% compared to last year

Think your refund is going up this year? You may want to think again. New IRS data released on Friday shows that the average refund check is down 8.4 percent compared to last year.

CVS employee charged with stealing diabetes test strips

ROCHESTER, N.Y. (AP) - A western New York man has been arrested on charges of using his job as a buyer for CVS to steal $2.5 million worth of diabetes test strips. U.S. Attorney James P. Kennedy Jr. says 35-year-old Antonio Rivera ordered excess boxes of the test strips for the Rochester CVS store where he worked and sold them to third-party purchasers.

PG&E bankruptcy could be costly to wildfire victims

Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to fire victims.