CALIFORNIA

The climate change and energy policy bill winding its way through the U.S. Congress shows a new federal eagerness to build a renewable energy future, but what specifically to build where is still up for debate.

Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.

The U.S. Congress released a report on Wednesday saying bottled water is less regulated than plain old tap water and the Food and Drug Administration (FDA) has little power to regulate the safety of bottled water.

The Intermountain Power Agency said on Thursday it will not continue efforts to seek an air permit for a third 900-megawatt coal-fired power unit at its plant in Utah.

Chevron Corp plans to appeal a California judge's ruling that halted a $1 billion project to build a hydrogen plant at its San Francisco Bay refinery in Richmond, California, a company spokesman said on Thursday.

Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.

Yang Rong, a Chinese automobile tycoon who fled the country after being accused of economic crimes, is preparing to launch an ambitious plan to make clean-tech cars in the United States, said a source.

More than 31 million Americans watched Michael Jackson's public memorial on television, but mystery surrounded the whereabouts of his body on Wednesday and plans for his burial.

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.

Hyundai Motor Co, South Korea's top carmaker, on Wednesday launched its first hybrid car in the domestic market to satisfy a growing appetite for fuel-saving vehicles and to improve the image of the company's technology.

Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.

MSC Software Corp, a simulation and software services company, has agreed to a $360 million buyout by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp.

Mariah Carey, Stevie Wonder and Usher led an emotional public memorial for Michael Jackson on Tuesday as the music world, the Jackson family and thousands of fans bade farewell to the King of Pop.

According to reports from TMZ, who saw a copy of Michael Jackson's death certificate, the line item for cause of death is filled in with the word deferred.

The musical legacy of Michael Jackson was celebrated at a public memorial in Los Angeles on Tuesday. Following are some of the landmark events in Jackson's controversial personal life:

Democrats in the Senate on Tuesday began a drive to advance climate change legislation, a top Obama administration priority, amid warnings that a bill recently passed by the House of Representatives to reduce carbon emissions would have to be changed.

California IOU recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.

Michael Jackson's family and close friends held a private service at a Los Angeles cemetery on Tuesday as fans crowded into the city's downtown area for a star-packed public memorial to the King of Pop.

Only 17,500 tickets were up for grabs for the Michael Jackson memorial leaving over a million fans ticketless but they are still able to watch the event live at their local movie theaters.

EU finance ministers meet European Union finance ministers will meet today as they attend the Economic and Financial Affairs Council in Brussels. The Swedish's presidency program will be presented by the country's finance minister; Anders Borg. The agenda will also include preparations for this autumn's G20 summit, and issues related to the global economic crisis.