CALIFORNIA

Facebook IPO Doesn’t Impress Investors Much

Mark Zuckerberg
A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run. Investors seems to be not very happy with the IPO.
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Chinese Espionage Cases Touch DuPont and Motorola

U.S. prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont , securing an indictment against a Chinese company on economic espionage-related charges.
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Why LinkedIn Needs Rapportive

Business networking site LinkedIn will reportedly acquire Rapportive, a Gmail add-on that provides information about your social contacts as you e-mail them. Sources close to the situation say LinkedIn offered the browser plug-in a figure in the low teens in millions of dollars.
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US rejects California health-care copayment plan

The government blocked an effort on Monday by California to reduce its health-care spending by requiring those enrolled in its Medi-Cal program for the needy to make copayments for medical services.
Perez Hilton

Perez Hilton Petitions to get The Muppets on The Oscars, Where to Find Online Petition

The Academy Awards has released its list of award nominees, and like clockwork, media outlets are fuming about how certain actors and actresses were ripped off. But what if those actors and actresses were actually Muppets? That happens to be the case for popular celebrity and entertainment blogger Perez Hilton, who has created a petition to get the Muppets on the Oscars.
Federal Reserve

Fed May Resume Bond Buying, SF Fed President Says

The president of the Federal Reserve Bank of San Francisco said Wednesday the Fed may resume expanding its balance sheet to boost the U.S. economy if the recovery loses momentum or inflation stays below two percent.
15.5-Pound Baby Boy Chun Chun

15.5-Pound Baby Chun Chun and Other Heavy Babies at Birth

At 15.5 pounds, baby Chun Chun is China's heaviest baby. He was born on Saturday, in the city of Xinxiang in the country's Henan Province. Here are some of the heaviest babies at birth who have made headlines across the world.
The logo of Renesas Electronics is seen at its headquarters in Tokyo

Japan firms talk on system chip tie in reform drive: sources

Renesas Electronics and two other big Japanese chip makers are in talks to combine their struggling system chip operations in a government-backed deal, sources said, as pressure mounts for drastic reforms to confront stiff global competition.
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CalSTRS wants Facebook board to expand, add women

The California State Teachers' Retirement System, the second-largest largest pension fund in the United States, wants Facebook Inc to expand its board of directors and diversify a panel that has no women.
Professional skateboarder Jordan Hoffart

Skateboarder Hoffart living the dream in California

Ever since Jordan Hoffart decided to turn his back on the seemingly incessant rain of his native Vancouver, he has been living his dream as a professional skateboarder in the perpetual sunshine of southern California.

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