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Michael Jackson book a headache for Jackie O

Michael Jackson crossed swords with a lot of people when he was alive, but perhaps none more important than Jacqueline Kennedy Onassis.

Daily Wrap Up for July 6 - Finance

More mortgage losses expected Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market. According to a S&P report the more dire assessment is likely to significantly impact bonds originally carrying AAA ratings.

Summertime....Will the Home Buying be Easy?

It was a good kick-off for the summer season. The pending home sales index figure that was released earlier this month marked a third straight month of rising pending sales. That is certainly welcome and encouraging news.

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Daily Wrap Up for July 2 - Energy

The U.S. Environmental Protection Agency extended today its comment period by 60 days on the Renewable Fuel Standard program. The city will eliminate the use of electricity made from coal by 2020. Solar gigantic project Desertec was estimated could create 240,000 jobs in Germany and generate $2,822 billion worth of power by 2050.

Oracle plans to lay off up to 1,000 in Europe: AFP

Oracle Corp plans to lay off up to 1,000 workers in Europe, or about 1 percent of its global staff, as the recession erodes the giant software company's earnings, French news agency AFP reported on Thursday.

Daily News Outlook - July 2

California's Issues IOUs, Recycling burdens, Clean tech rising

Daily Outlook for July 2 - Finance

Main news for July 2

Jackson will sets family trust, funeral sketchy

A will signed by Michael Jackson putting his multimillion-dollar estate in a trust for his children and mother was filed in court on Wednesday, as details of his highly-anticipated funeral remained sketchy.

Neverland could rival Graceland as tour attraction

Abandoned by Michael Jackson after a humiliating child molestation trial in 2005, the late singer's Neverland Ranch could now become one of the biggest draws in the world as a memorial to the King of Pop.

More job losses, China's net filter delay, California's IOU problem

Layoffs for the month of June exceeded the expectations, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software, California state resorts to issuing IOU's after the governor and lawmakers failed to reach a budget agreement.

MySpace, Web servers not liable for assaults: court

Internet servers like MySpace cannot be held liable when minors are sexually assaulted by people they first meet on a website, a California appeals court ruled in an opinion filed late on Tuesday.

U.S. to invest $408 mln in two 'clean coal' projects

The U.S. will give $408 million in federal funds to develop two new carbon capture and sequestration projects in coal fired power plants, Energy Sec. Steven Chu announced on Wednesday. The projects aim to achieve at least 90 percent carbon dioxide capture efficiency, Chu said.

U.S. June auto sales tumble, Ford takes share

U.S. auto sales tumbled 28 percent in June, the narrowest decline in nine months, as Ford Motor Co stole market share from its rivals.

Karl Malden, actor, dies at age 97

Actor Karl Malden, who won an Oscar for his role in the 1951 film A Streetcar Named Desire, died Wednesday at age 97 as he slept in his Brentwood, Calif., home, his manager Bud Ross said according to Reuters.

Daily Wrap Up for July 1 - Finance

The main financial headlines for the day:

China's Web filtering starts in the West

The Chinese government has backed away from mandating filtering software on all personal computers in China, in a move that averts a dangerous escalation in its censorship powers.

Michael Jackson's funeral remains undecided

Members of the Jackson's family have met with officials from the Los Angeles Police Department (LAPD), and California Highway Patrol (CHP) on Tuesday afternoon to discuss plans about when and where Michael Jackson's funeral services to take place.

California readies

California's lawmakers failed to agree on a balanced budget by the start of its new fiscal year on Wednesday morning, clearing the way to suspend payments owed to the state's vendors and local agencies, who instead will get

U.S. mortgage applications fall to 7-month low

U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.

Tesla's Musk to stay CEO through Model S launch

Tesla Motors Chief Executive Elon Musk said on Tuesday that he will remain in the company's top job at least through the 2011 launch of its second model, an electric sedan known as the Model S.

California misses budget deadline, readies IOUs

Fed's Yellen: slow recovery to start in late 2009

The recession is likely to end later in 2009, ushering in a frustratingly slow recovery marked by continued high unemployment, a top Federal Reserve official said on Tuesday.

Michael Jackson gets more bizarre after death

Bizarre in life, Michael Jackson's complex personal affairs are taking even stranger twists in death, with sketchy reports on Tuesday of plans for an elaborate public memorial and questions over the parentage of his children.

Walt Disney injects $465M to boost Hong Kong Park

The Walt Disney Co has reached a deal with Hong Kong's government to expand the Disneyland theme park at a cost of about $465 million, officials said on Tuesday.

EPA allows California to regulate car gases linked to climate change

The U.S. Environmental Protection Agency on Tuesday granted California's request to regulate greenhouse gas emissions from cars and light trucks as the Obama administration implements measures to increase fuel efficiency and reduce the impact on global warming linked to these gases.