CALIFORNIA

U.S. mortgage industry grapples with new disclosures

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The biggest changes to home loan disclosures since the 1970s are around the corner and many in the industry are warning that misunderstandings will create a logjam of confusion just as housing tries to recover.
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BofA's Moynihan zones in on one word: Execute

Brian Moynihan may be about to run the largest U.S. bank at a time of massive change in the crisis-damaged industry but he seems to be restricting his public comments about strategy to one word: Execute.
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Oracle beats Street, software sales up, shares rise

Oracle Corp reported quarterly profit above Street expectations as the world's No. 2 business software maker posted an unexpected increase in sales of its programs, sending its shares up more than 4 percent.
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Edison Intl spending billions on renewable energy

Edison International is spending billions to bring more renewable power to customers in Southern California and carbon-free, wind energy to homes and businesses across the United States, CEO Ted Craver told Reuters on Wednesday.
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Philly Fed factory activity at 4-1/2 year high

Factory activity accelerated rapidly in the U.S. Mid-Atlantic region in December, a survey showed on Thursday, hitting its highest in 4-1/2 years and assuaging some worries the industrial recovery is slowing.
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Hollywood's Cinerama Dome Gets 3D-Avatar

While Avatar will be released later this week to thousands of movie theaters, with many of those showcasing the 3D technology made especially for the film, a small subset of movie aficionados seeking a more unique movie-going experience will be heading to Hollywood, California.
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Roy Disney dies of cancer at 79

The nephew of Walt Disney, Roy Disney, died Wednesday morning following a year-long battle against cancer, CNN reported citing a Walt Disney Co. spokesman.
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GE sees flat 2010, to invest in core businesses

General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.
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Terreno Realty files for IPO

Terreno Realty Corp on Monday filed for an initial public offering in a move that would let it profit from the economic recession and tight credit.
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Supreme Court to hear text message privacy case

The U.S. Supreme Court said on Monday it would decide whether privacy rights covered a worker's personal text message on employer-owned equipment, hearing a case about a police officer who sent sexually explicit messages from his department-issued pager.
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Real estate co Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
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Real estate firm Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
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Houston eyes Asia trade as Panama Canal expands

Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.

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