CALIFORNIA

ARkStorm is a hypothetical winter storm scenario created by USGS's Multi-Hazards Demonstration Project for Southern California (MHDP) where experts have tried to forecast and assess the scientifically plausible physical event of a disastrous storm and the consequential secondary hazards as well as physical, social, and economic consequences.

Rusnano will invest $700 million in British Plastic technology firm Plastic Logic to produce basic plastic computer components in Russia.

The United States Geological Survey (USGS) issued a statement over the weekend saying a phenomenon called atmospheric river (AR) caused disastrous high winds and rains in northern California in October, but the information inadvertently touched a sensitive chord among anxious residents, triggering a flare-up of fears about massive natural calamities waiting in the wings.

U.S. chipmaker Intel will invest $2.7 billion over the next two years upgrading its chip plant in southern Israel to produce 22 nanometer technology.

The so-called super storm scenario prepared by the U.S. Geological Survey says such super storm has potential to move water of almost 50 Mississippi rivers into the Gulf of Mexico, causing massive floods and devastation in California.

European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion order from Virgin America.

Sony has filed several documents with the courts in California in an effort to show that the courts there have jurisdiction over a hacker who publicized a jailbreak for the Playstation 3 console.

Ford has topped the list of search queries in the entire automotive brand category in the U.S. over the last 30 days, followed by BMW, Audi and Nissan, according to a report by Google's North American auto team.

Steve Jobs, the CEO of Apple Inc. (AAPL), has taken medical leave to focus on his health. In his absence, Chief Operating Officer Tim Cook will be responsible for day to day operations.

The Social Network, Glee, and actors Natalie Portman and Colin Firth won big at this year's Golden Globe awards, while Jim Parsons and Laura Linney also stole the limelight.

Technology licensing company WiLAN Inc said on Friday that chipmaker Intel had agreed to pay it to use patented technology, ending all litigation between the two companies.

A California court today asked that Sony show it has jurisdiction over the hacker who publicized a jailbreak for the Playstation 3 console.

Intel Corp's strong quarterly report failed to lift its shares on Friday, as some investors, remembering the company's reversal of a bullish outlook a year ago, questioned its forecast.

Echoing some of the recent warnings from famed analyst Meredith Whitney, the chief executive of J.P. Morgan (NYSE: JPM) Jamie Dimon said he thinks more municipalities will face bankruptcies this year.

The hacker who published a jailbreak for the Sony PS3 is fighting back with his own lawyer's objections to the restraining order Sony is seeking.

Austerity has come to America through state and local governments.

The U.S. Department of Justice has struck a severe blow on the members and associates of the Gambino Organized Crime Family of La Cosa Nostra (the Gambino Family) by securing a guilty pleas from the final two of the 14 defendants, all of whom were charged with crimes that included racketeering, murder, sex trafficking, extortion, and wire fraud in April 2010.

Nevada's new governor-elect and former federal judge Brian Sandoval has named his former clerk Lucas Foletta as his general counsel even though the latter has not passed the Nevada state bar exam.

Shares in semiconductor companies jumped on Friday in Europe and Japan after strong earnings report from sector bellwether Intel, the world's largest chipmaker, defied a slowdown in PC sales.

Computer hacker George Samuel Bronk, 23, of Citrus heights California pleaded guilty for seven felony charges which included hacking into e-mail accounts and Facebook accounts of worn in 17 states and in England.

Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.