Friday morning headlines

Stocks are climbing: Dow is back over the 10,800 mark in early trading, with the index up 150 points.

What CA budget deal calls for: Legislative leaders have tentatively agreed to make $7.5 billion in spending cuts, way less than what the governor and Republicans had been backing. The proposed agreement also assumes that the state will receive a bunch of federal money that has not been promised. (SF Chronicle)

California pushes for renewable energy: Utilities will be required to draw a third of their power from alternative energy sources by 2020. From AP:

California already is pushing utilities to reach a 20-percent-renewable standard by next year, which has been a struggle to accomplish. Toughening the rules could prompt regulators across the country to do the same, but some consumers fret that they will end up paying for the changes in the form of higher utility bills.

Boxer widens lead:The Democratic incumbent is up six points over Republican opponent Carly Fiorina, according to the Field Poll. (Sacramento Bee)

Amgen recall: The Thousand Oaks biotech company, along with Johnson & Johnson, say that vials containing their Epogen and Procrit anemia treatments might have glass flakes. From Reuters:

The contaminated product has the potential to cause serious problems, including dangerous blood clots, Amgen said in a press release announcing the recall. However, Amgen said there had been no complaints that can be directly attributed to the presence of glass. It said certain lots were being voluntarily recalled as a precaution.

Job offers on the cheap: Pay is often more than 25 percent below what was previously made, according to a CareerBuilder survey - and apparently lots of folks are turning it down. (OC Register)

Disney departure: Steve Wadsworth, the company's top Internet executive, had been under fire during much of his tenure. From the NYT:

[CEO Rober] Iger has been forced to spend an outsize amount of time managing the division, keeping an unusually close eye on the Disney.com portal and taking an aggressive role in the division's gaming strategy. Several months ago, Mr. Iger removed an important piece of Mr. Wadsworth's empire, a unit based in Seattle that facilitates how various Disney businesses -- movies, television, consumer products -- operate on the Web.

Financier surrenders Monday: Ezri Namvar, whose financial empire collapsed two years ago amid allegations of fraud, will turn himself in after this week's federal indictment. (Business Journal)

Moderates capture SAG board seats: They're the same group that campaigned for a merger with the smaller American Federation of Television and Radio Artists. That gives them a stronger majority on the 69-member SAG board. (LAT)

Shorter window for video-on-demand?: Time Warner will be experimenting early next year on a way to deliver movies to the home within a month or two of its debut in theaters - though at the hefty price of $20 to $30. (LAT).

About those airline seats: U.S. and European aviation regulators have given carriers a two-year deadline to fix or replace defective passenger seats made by Japan's Koito Industries. From the WSJ:

Currently, all Koito seats are assumed to "have potential unsafe conditions" that make them more prone to catch fire or injure passengers and crew in case of an accident or emergency landing, according to the Federal Aviation Administration. Removing and replacing large numbers of seats would be hugely expensive for airlines, since individual units can cost anywhere from several thousand dollars to more than $100,000, depending on aircraft models, seat types and special features such as those that turn upright seats into beds on long flights.

Local hotels filling up: Revenue per available room rose 6.3 percent for the first seven months of the year, almost double the national average of 3.3 percent. (LAT)

Gas prices unchanged: The average price of regular in the L.A. area is $2.979, less than a penny more than last week, says the Auto Club,