CALIFORNIA

Bond fund manager Jeffrey Gundlach testifies in court in Los Angeles

TCW, Gundlach court drama reaches closing arguments

Star bond fund manager Jeffrey Gundlach and his inner circle plotted to destroy Trust Company of the West by forming a competing firm while they were still employed by TCW, a TCW attorney said in closing arguments in a trial over alleged theft of trade secrets.

Intel Capital Gambles Small Cloud Stakes Add Up to Huge Future Gains

People take pictures in the Intel booth at the Computex 2010 computer fair in Taipei
Intel Capital, the in-house arm of the world’s biggest chipmaker, has seeded seven small companies in hopes they will swell into profitable ventures. The move comes a month after Intel announced its $300 million Ultrabook initiative for tablets and ultralight products.

Summer Arctic sea ice melt at or near record

The ship Arctic Sunrise
Arctic sea ice this summer melted to a record low extent or will come a close second, two different research institutes said on Tuesday, confirming a trend which could yield an ice-free summer within a decade.
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Dr John Sulston, Director of the Sanger Centre near Cambridge takes part in t..

Analysis: Gene Sequencers Face Govt Budget Squeeze

Companies that make the gene-sequencing devices used in scientific research face a tough few years as potential cuts to the U.S. federal budget squeeze funding to its main academic and research customers.
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Cargill Announces Second Turkey Recall

Cargill Inc said on Sunday that it will recall ground turkey products at one of its U.S. facilities for the second time in two months after a U.S. government body found salmonella contamination.
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That “Loan” May Be a “Bond”

In a groundbreaking announcement, the Municipal Securities Rulemaking Board (MSRB) has advised municipal bond market participants that many “bank loans” currently being structured for state and local governments are likely to be classified as municipal securities, even though these “bank loans” are often being privately placed.
Miss Universe 2011: Miss U.S.A in top ten voted contestants (PHOTOS)

Miss Universe 2011: Will Miss USA Alyssa Campanella Take Home the Crown? [PHOTOS]

Miss USA Alyssa Campanella may have a chance at bringing the Miss Universe 2011 crown home -- just a day after the tenth anniversary of the 9/11 terrorist attacks.The redhead has the beauty, brains, and charm to take the top title -- and according to the results of an online poll, she just might do that. Ms. Campanella was ranked in the top ten fan picks to win the crown.Before Miss California became Miss USA 2011, Alyssa Campanella represented her home state of New Jersey in the 2007 Mi...
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Gundlach surprise final witness at L.A. trial

Star bond fund manager Jeffrey Gundlach made a surprise third appearance on the witness stand on Monday in his high-stakes trial with his former employer, Trust Company of the West.

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