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California creates new corporation types that reward doing good

Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the country that empowers corporations to be a strong force for good. This week, California joined that revolution when Governor Jerry Brown created two new classes of corporations for businesses that seek to pursue both profit and purpose: Benefit Corporations and Flexible Purpose Corporations.
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Austin Powers henchman accused of killing cellmate

Joseph Son, the actor who played Dr. Evil's knuckle-cracking sidekick Random Task in the 1997 comedy Austin Powers: International Man of Mystery, is suspected of killing his cellmate at Wasco State Prison in California, prison officials announced Tuesday.
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ARRIS to Pay 76 pct Premium for BigBand Networks

Broadband technology and software provider ARRIS Group Inc said it is to buy BigBand Networks , a video networking service provider, for $2.24 per share in cash -- a premium of 76 percent -- to strengthen its networked video technology capabilities.
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BoA-ML, TerraPass in California CO2 Offset Deal

Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.
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Clean Diesel sees Q3 rev above estimates, shares jump

Clean Diesel Technologies Inc forecast third-quarter revenue above Wall Street expectations, helped by a 50 percent jump in sales at its heavy duty diesel systems unit (HDD), sending the emission control systems maker's shares up 33 percent.
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Factbox: Republican presidential candidate Romney

Former Massachusetts Governor Mitt Romney, front-runner in the race for the Republican presidential nomination, has won the prized endorsement of New Jersey Governor Christie, Romney's campaign said Wednesday.
Steve Jobs

Steve Jobs Died: Apple to Hold Memorial Service Oct. 19

Steve Jobs died last week of a pancreatic tumor and respiratory arrest, according to his death certificate, and the Apple co-founder and long-time CEO will be remembered by the company in a memorial service on October 19, according to a report.

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