CALIFORNIA

Creditors want Sex.com in bankruptcy, halt auction

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Creditors of the owner of the Sex.com website have filed an involuntary bankruptcy petition against the company, stalling a lender foreclosure auction for the valuable website that was scheduled to begin on Thursday.

Kremlin picks site for Russian Silicon Valley

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President Dmitry Medvedev on Thursday announced that Russia would build a high-tech hub near Moscow to spur modernization of the economy and reduce its dependence on oil and gas.
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California police report supports Prius driver

A California Highway Patrol report released on Wednesday in a sensational runaway Toyota Prius incident appears to support the version of events given by the driver, which the automaker has called into question.
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Toyota hit by California lawsuit

Toyota Motor Corp was hit by a planned lawsuit by California prosecutors on Friday over vehicle defects and by renewed political pressure to cooperate with investigators on cases of runaway cars.
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Western U.S., Canada go own way on carbon trading

As U.S. prospects for a national climate change bill fade, five U.S. states and Canadian provinces are on track to start a cap-and-trade market for carbon dioxide in 2012, say officials who see fading federal momentum boosting regional efforts.
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Urbanizing China long way from residence reform

They build the skyscrapers and lay the highways, mind the city children, sew the clothes and tend the shops, but China's army of migrant laborers are still fundamentally aliens in the country's bustling urban centers.
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Foreclosures drop for 2nd month in February: RealtyTrac

U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
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Toyota, U.S. officials investigate runaway Prius

U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.
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CEO bonuses fell 22 pct in 2009: report

U.S. consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said on Tuesday, as companies moved to more closely tie executive pay to performance.
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More work ahead on housing market: Treasury

The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
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Vineyard breakthrough wins water startup prize

A Web application that alerts wine grape farmers when their vines are thirsty has won first place in a competition to spur entrepreneurs in the investment-starved water sector, organizers said on Monday.
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Drive The Famous Route 66

The famous Route 66 is a historic highway that ran from Chicago, Illinois and ended at the coastal city of Los Angeles, California.
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U.S. Jobs Data Propels Crude Oil Above $80 a Barrel

Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex's benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a seven-week high, after topping $82 in intraday trading. An unchanged unemployment rate of 9.7% and a smaller-than-expected drop in payrolls propelled both stocks and commodities higher on Friday. Earlier in the week, industry job data also came out better than...
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HP revises results on EDS litigation

Hewlett-Packard Co said it has lowered its first-quarter results by 3 cents a share as a result of years-old litigation involving EDS, which the company bought in 2008.
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Top 10 famous movie hotels

Travel firm TripAdvisor has come up with a list of the top 10 famous movie hotels, according to its editors. This list is not endorsed by Reuters.

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