CALIFORNIA

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Distressed home sales levels near 2009 peak

Sales of foreclosed or other distressed homes are flirting with the peaks of the housing crisis in early 2009 when heavy inventory was pressuring home prices lower, according to First American CoreLogic.

Facebook veterans in venture capital spotlight

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As Wall Street eagerly awaits signs that Internet sensation Facebook will offer shares to the public, the venture capitalists that prowl California's Silicon Valley are keeping close tabs on another hot commodity: the employees leaving Facebook.
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Apple to preview new iPhone software

Apple Inc is set to host an event on Thursday to show off the newest operating system software for the iPhone, as the company prepares for a widely expected launch of its next-generation smartphone later this year.
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Democrats lie low after healthcare victory

(Reuters) - The week after passing landmark healthcare reform and handing President Barack Obama an important victory, members of the U.S. Congress returned to their home districts for a recess to face constituents and justify their votes after the bruising legislative battle.
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Publishers bet future on iPad they haven't yet seen

Publishers are placing big bets that Apple Inc's iPad will kick-start a commercially viable transition to digital magazines and newspapers -- even though few executives have laid hands on the tablet ahead of launch.
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U.S. judge rules against Schwab in YieldPlus case

Charles Schwab Corp violated federal law when it failed to get approval from shareholders of its YieldPlus mutual fund before putting roughly half the fund's assets into uninsured mortgage-backed securities, a federal judge ruled.
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AMD chips away at Intel market share in Q4: iSuppli

AMD chipped away at Intel Corp's market share for computer microprocessors in the fourth quarter, as consumer and business spending rose on hopes for a strong tech sector recovery, according to the latest data from iSuppli.
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Lender wants Sex.com bankruptcy case thrown out

A lender which claims it is owed millions by the Sex.com domain name operator is asking a U.S. bankruptcy court to dismiss an involuntary bankruptcy case against the company, so it can resume a foreclosure auction, according to new court documents.
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Obama admin expands housing hardest hit fund

The Obama administration on Monday unveiled another bailout program for troubled homeowners, pledging to divert $600 million in housing rescue funds to 5 more states on its list of hardest-hit markets.
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When will children disobey parents? It depends on the rule

As all parents know, children often want to do exactly what their parents don't want them to do. In three areas that children often consider parts of their personal domain-clothing, friendship, and leisure activities-having a degree of choice over decisions is important for children's sense of identity and mental health. A new study that considered connections between control over issues within ch...
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Swine flu virus not so new, study finds

(Reuters) - The H1N1 swine flu virus may have been new to humanity in many ways but in one key feature its closest relative was the 1918 pandemic virus, researchers reported on Wednesday.
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A healthy diet may trim breast cancer risk

NEW YORK (Reuters Health) - A woman may not be able to change her family history of breast cancer, but she can typically control what she eats and drinks. And consuming more vegetables and whole grains -- and less alcohol -- just might trim her chances of getting the disease, according to an analysis of published studies.
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White House to announce housing aid Friday: sources

The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
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Toyota warned dealers of crash risk in 2007

When Toyota Motor Corp concluded that seemingly harmless floormats posed a danger in all of its cars and trucks, the automaker sent a stark warning intended to prevent crashes.
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Michael Jackson's doctor faces license suspension

California's attorney general asked a court on Tuesday to bar Michael Jackson's former doctor, Conrad Murray, from practicing medicine while he faces charges in connection with the pop star's death.
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Another hard year for California economy: report

California's economy faces yet more hardship this year marked by high unemployment as its labor market struggles to recover from steep job losses, the UCLA Anderson forecast unit said on Wednesday.
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Detecting E. coli in ground beef and other foods

Scientists today reported development of the first two-in-one test that can simultaneously detect both the E. coli bacteria and other toxins which causes terrible food poisoning. They described it at the 239th National Meeting of the American Chemical Society (ACS), being held here this week.
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Williams-Sonoma sees growth as customers return

Williams-Sonoma Inc beat quarterly profit estimates and forecast strong results for the current fiscal year on signs that consumers are ready to spend more on home decorating, and its shares rose 10 percent.
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Williams-Sonoma beats Street

Williams-Sonoma Inc reported a higher-than-expected quarterly profit on lower costs and strong holiday sales, prompting the home goods chain to forecast strong results in the current quarter and the full year.

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