CALIFORNIA

An unnamed source claims it is in possession of Apple's third-generation iPad, the iPad 3, and discovered code that reveals Apple may be building two different versions of the device, one with Wi-Fi only and one with Wi-Fi, GSM, CDMA and global LTE. Both will feature a new quad-core A6 processor.

Boosted by non-residential developments, builders increased their December 2011 spending at a rate higher than economists had expected. The gain confirmed previously observed trends about the ongoing economic recovery in the U.S., which has seen better than expected progress in industry while still facing a soft residential housing market.

Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker's global retail expansion.

After shares of Netflix hit rock bottom following an ill-fated business decision last September, the Los Gatos, Calif-based company has seen its shares go back up rather quickly.

Don Cornelius, the creator of Soul Train, was found dead in his Sherman Oaks, Calif., home Wednesday morning. Law enforcement said that Cornelius died of an apparent suicide.

A new study links the diabetes drug metformin to fewer cases of pancreatic cancer -- at least in women -- but finds other diabetes medications are associated with a higher risk of the disease.

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Two prolific offenses highlight a Super Bowl rematch.

Police seized a motorboat packed with more than a ton of marijuana north of Los Angeles and arrested three Mexican men, the latest seizure as traffickers try to beat tougher border security by taking to the waves, authorities said on Tuesday.

The number of proposed solar projects in California last year was 4-1/2 times the level the state needs to meet its 33 percent renewable power target by 2020, a state regulator said on Tuesday.

Silent-film star Charlie Chaplin might seem like an unlikely candidate as the subject of a Broadway musical, but it will soon be a reality.

A repeat of CBS' Two and a Half Men drew the night's top ratings Monday, but Fox took an overall win with the combination of House and the new J.J. Abrams drama Alcatraz, according to preliminary numbers.

A former Los Angeles-area elementary school teacher has been charged with lewd acts on children, including putting cockroaches on students' faces and offering them a spoonful of what may have been semen, authorities said on Tuesday.

Prosecutors in California say a 15-year-old boy who had returned home after running away to Occupy Oakland, strangled his foster parents and stuffed their bodies in a car. He will be tried as an adult.

Using the iOS 5.0.1 Untethered Jailbreak on your Apple devices could become illegal if the Digital Millenium Copyright Act (DMCA) grace period expires in two weeks. In fact, any jail-breaking of devices would become illegal if the two-year long grace period expires, but it only opens up jail-breakers to potential lawsuits. It would not be a criminal act, but if you are the type of person who enjoys flashing custom ROMs on your gear, here is the latest.

Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker's global retail expansion.

Chardonnay, the world's most popular white wine, dates back centuries, but it owes much of its history in the United States to a winemaker who planted the grape in California 100 years ago.

Mark Berndt, a 61-year-old ex-schoolteacher from Los Angeles, was charged with 23 counts of child molestation after photographs surfaced showing victims with their eyes blindfolded, possibly inside a classroom.

Stephen Colbert's super PAC, Americans For a Better Tomorrow, Tomorrow has reportedly raked in over $1 million according to a document filed with the Federal Election Commission.

Tellabs Inc. said it will cut 530 jobs -- its second such move in six months -- as the network equipment maker tries to cut costs and return to profitability.

Within days, Facebook is expected to file for an initial public offering with the U.S. Securities and Exchange Commission, for the first time doing a public financial strip tease.