BUSINESS

California Passes Strong Mortgage Protections

Attorney General of California Kamala Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles
California, the state with the second most foreclosures by volume, has passed one of the strongest laws in the country seeking to protect homeowners from improperly losing their homes.
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Barclays plc chief executive Bob Diamond

Ex- Barclays CEO Blames Bank of England for Libor Debacle

The British Parliament, might not be the place one would expect to see fireworks lit on July 4. But that's what's likely to happen Wednesday, when the former CEO of Barclays plc (NYSE:BCS), who resigned Tuesday, is expected to tell the House of Commons its fraud was partly done at the bequest of the Bank of England.
iCloud Beta Adds New Web Apps: Apple Gearing Up For iOS 6, Mountain Lion Release Dates

iCloud Beta Adds New Web Apps: Apple Preps For iOS 6, Mountain Lion Release Dates

Slowly but surely, Apple's operating systems are converging, but bonding these two separate systems together would be impossible without iCloud. On Monday, Apple introduced two new additions to the iCloud Beta portal for iOS 6 developers, including the Notes and Reminders apps, before it releases Mountain Lion this month and iOS 6 this fall.
Auto Factory

June US Car Sales - Ford, GM, Chrysler Report Big Gains

Detroit?s carmakers saw strong June U.S. car sales with Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reporting 20 percent year-over-year sales growth and Ford Motor Co. (NYSE: F) reporting more modest 7 percent sales gains.
Corn Field

Midwest Heat Wave Damages Crop Yields, Presses Food Prices

As the Midwest teeters from the impact of one of the most damaging heat waves in U.S. history, declining yields on crops could hurt the public by raising food and commodity prices to staggering proportions, according to commodities trading data.
Chrysler Monicatti Motors auto dealership is seen in Sterling Heights, Michigan

Chrysler Reports Best June Sales Since 2007

Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reported June sales rose 20 percent compared to the year before, making it the best June sales month in five years.
Ian Brady and Myra Hindley

Ian Brady: Monster Of The Moors

He, along with his former partner in crime, Myra Hindley, will forever be known as the ?Moors murderers? for a series of gruesome, sadistic murders committed against children and teenagers outside of Manchester.
Samsung Galaxy S3

Samsung Galaxy S3 Still A Target For Apple; Courtroom Defeat Could Give Korean Tech Giant 'Big Problems,' Says Analyst

The wait is finally over for people in the U.S. who were looking forward to Samsung's latest flagship smartphone, the Galaxy S3. Sprint made the handset available for in-store purchases from July 1, while AT&T announced that it would be selling the phone in its stores from July 6. But if a recent note by one industry analyst is to be believed, it won't be an easy road for this successor of the S2.

Why Exactly Are Heads Rolling At Barclays? Libor Scandal Explained

Following the revelation last week that British banking giant Barclays was engaging in massive fraud meant to distort the Libor, the interest rate underpinning hundreds of trillions of dollars in credit transactions, politicians and regulators the world over are taking a sober look at the system. What they find may prove to be shocking.
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Phoenix Is Rising, Again

Sun-drenched Arizona became a poster child for the overdevelopment excesses of the boom, but it's recently become a leader in the U.S.'s long-awaited housing recovery.
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Barclays CEO Bob Diamond Resigns

Barclays chief executive officer Bob Diamond Tuesday quit his post over the London Inter Bank Offered Rate (LIBOR) fixing scandal, in which the bank was fined £290 million ($450m) by the U.S. and UK regulators last week.

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