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California Deficit May Reach $8 Billion: Assembly Memo

California's government could face a budget gap of up to $8 billion in its next fiscal year, substantially more than the $3.1 billion shortfall projected by Governor Jerry Brown's office, The Sacramento Bee said on Thursday, citing a memo from Assembly budget officials.

NASA's New Mars Rover Reaches Florida Launch Pad

NASA's Mars Science Laboratory, a $2.5 billion rover designed to assess that planet's suitability for life, arrived at its Florida launch pad on Thursday in preparation for a planned November 25 liftoff, the U.S. space agency said.

Doctor's Conviction Could Boost Jackson Estate

A manslaughter conviction against Michael Jackson's doctor would boost the late pop star's image and open opportunities for his estate in many markets, including family-oriented products, industry experts said.

'Twilight' Stars Leave Imprint on Hollywood

Twilight actors Robert Pattinson, Kristen Stewart and Taylor Lautner, made their mark on Hollywood on Thursday, leaving imprints of their hands and feet outside Grauman's Chinese Theater.

LinkedIn Raises 2011 Outlook

Professional networking company LinkedIn posted a third-quarter net loss but raised its full-year outlook after it posted a 126 percent rise in third-quarter revenue.

Groupon Raising $700 Million in IPO

Groupon Inc is set to raise $700 million in its initial public offering after the largest daily deals company increased the price and size of the deal on strong demand.

All Hail Joan of Arc, in Music -- but in London?

This weekend concert and filmgoers in London can celebrate the upcoming 600th birthday of Joan of Arc, girl soldier and Maid of Orleans who donned male clothing, put on armor, rallied the demoralized French army and defeated the...English.

DirecTV Beats Rivals with Video Additions

DirecTV Group (DTV.O) posted a higher quarterly profit on Thursday as it won U.S. video subscribers away from rival cable companies with a giveaway of its exclusive National Football League games package.

California High-Speed Rail Cost Estimate Soars

The latest business plan for California's proposed bullet-train system puts its cost estimate at nearly $100 billion, more than twice a previous estimate and a stunning amount of money for lawmakers who must decide whether to move forward with the project.

CBS Wins Janet Jackson Wardrobe Malfunction Ruling

A U.S. appeals court on Wednesday threw out a federal agency's decision to fine CBS Corp television stations $550,000 for airing singer Janet Jackson's wardrobe malfunction during the 2004 Super Bowl broadcast.

Judge Orders 30 Days in Jail for Lindsay Lohan

A judge on Wednesday sentenced Lindsay Lohan to 30 days in jail for violating probation and ordered the troubled actress to perform a strict schedule of community service and psychological counseling.

AXA Rosenberg Settles Coding Lawsuit for $65 mln

Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm's ability to manage risk.

Thoratech Shares Drop on Outlook Cut

Shares of Thoratec Corp (THOR.O) fell 10 percent in pre-market trade Wednesday, a day after the cardiac device maker cut its full-year sales forecast, citing slower sales growth of its heart pumps in the United States in the second half of 2011.

Nuclear Plant Ammonia Leak Seen as No Threat

Workers were evacuated from a unit at the San Onofre nuclear power plant in California on Tuesday after an ammonia leak, but the incident posed no threat to the public, officials said.

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