Result Page 489 for California news & latest pictures from ibtimes.com

Detroit house auction flops for urban wasteland

In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded.

Land deal advisor resigns from Calpers

The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.

Sony looks for box office hit with This Is It

Heading toward its October 28 release, Michael Jackson movie This Is It looks like a box office winner for Sony's Columbia Pictures movie studio with one estimate saying it could make more than $600 million worldwide in a limited two-week run.

EXCLUSIVE: Former Calpers CIO says did right thing

Russell Read does not regret pushing Calpers, the biggest U.S. public pension fund, into investment frontiers that consultants avoid -- and he sees the public pension funds at a crossroads on what to do next.

More news

Michael Jackson fans say film covers up grim truth

A small group of Michael Jackson's dedicated fans have started an awareness campaign surrounding the upcoming movie This is It, saying it covers up the grim reality of the dead pop star's final days.

Long lines as Microsoft opens retail store

The idea that hundreds of people would line up outside anything to do with Microsoft would have been far-fetched only a few years ago -- but on Thursday that's what happened when the software giant opened its first retail store in Scottsdale, Arizona.

Microsoft opens retail store as Windows 7 launches

Microsoft Corp opened the first in a planned chain of stores on Thursday, aiming to match rival Apple Inc's successful foray into retailing.

Tests show flu spreads from schools

Results of tens of thousands of flu tests indicate that the pandemic H1N1 virus is spreading from school-aged children to the rest of the U.S. population, makers of the tests say.

Fewer Short Sales Come Up Short

While obstacles to short sales remain, real estate practitioners say the process is becoming more efficient. Rather than waiting six months or more to push through a deal, agents say banks are more willing to negotiate prices up front.

Italy probes Kill Berlusconi Facebook pages

Italian officials have ordered an investigation into Facebook groups called Let's Kill Berlusconi, saying they incite hatred and might lead to a real rather than virtual attack on the prime minister.

EBay holiday outlook disappoints, shares drop

EBay Inc on Wednesday forecast fourth-quarter profit and revenue at the low end of analysts' estimates, disappointing investors' hopes of a substantial turnaround at its main marketplaces division during the crucial holiday season.

Michigan tops US state jobless rates again in Sept

Michigan again had the highest unemployment rate of all U.S. states in September at 15.3 percent, followed by Nevada and Rhode Island, which set records, the Labor Department said on Wednesday.

Madoff shared prison cell with drug dealer: lawyer

* First weeks of Madoff's prison life* Drug dealer, child molester, mob boss and spy

Suntech focuses on utility market with new system

Chinese solar panel maker Suntech Power Holdings Co Ltd (STP.N) said on Wednesday it will begin shipping a new solar system for large-sized projects next year, betting that the U.S. solar utility market will heat up.

Madoff shared prison cell with drug dealer

Epic swindler Bernard Madoff shared a prison cell with a 21-year-old drug dealer, and other fellow inmates included a spy and a mob boss when he was sent to prison in July, according to court documents.

Mortgage applications drop again as rates climb

U.S. mortgage applications fell for a second straight week, led by a plunge in demand for home refinancing loans as interest rates climbed, data from an industry group showed on Wednesday.

Fed's Yellen: No tightening in next several months

The time for the U.S. Federal Reserve to start pulling back its extensive support for the economy is not close at hand and policymakers have time to decide what sequence of steps they will take, San Francisco Fed President Janet Yellen said on Tuesday.