In Thursday's IBTimes daily news outlook:

California State to start issuing IOU's
California will begin issuing IOU's after the governor and lawmakers failed to reach a budget agreement making it the first time that the state had to resort to such an unusual measure in 17 years.

Electronic firms step up fight against recycling laws
Small electronics makers are fighting against new state laws mandating they pay for electronic recycling programs for consumers. Five companies, including ViewSonic Corp., CTX Technology Inc. and ToteVision Inc., are threatening litigation against Washington state's new electronic waste law, which requires manufacturers to fund recycling and collection services for old TVs, personal computers and monitors

Investments in clean technology rebounds in Q2
Venture-capital investment in clean technology rebounded in the second quarter, reversing a six-month slide as a pickup in activity for the transportation sector led the way.

Magna may close Opel deal

Magna and partner Sberbank say the race to acquire Opel is all but over, althoughBeijing Automotive Industry Holding may still make a bid in the coming days, acording to the Globe and Mail

Last day of AIG exchange offer
Its offer to exchange up to $4.0 billion principal amount of its 8.175% Series A-6 Junior Subordinated Debentures or all of its outstanding unregistered 8.175% Series A-6 Junior Subordinated Debentures.
its offer to exchange up to $3.250 billion principal amount of its 8.250% Notes Due 2018 which have been registered under the Securities Act of 1933 for all of its outstanding unregistered 8.250% Notes Due 2018.

The exchange is expected to expire at 5:00 p.m New York City time today.

Exelon Corporation to discuss acquisition of NRG
Exelon Corporation will hold a conference call to discuss the proposed acquisition of NRG at 8:00 a.m.

U.S. Natural Gas Report
The Energy Information Administration releases its Weekly Natural Gas Storage and Natural Gas Weekly Update reports

Multinational Energy and Value Conference
The 2nd Multinational Energy and Value Conference is scheduled from 2. July to 5 in Istanbul, Turkey bringing together academics and practitioners from all over the world with a focus on timely valuation issues in the energy sector.

Los Angeles Bank will Honor California IOUs
Pan American Bank will honor any warrants presented by existing customers and seeks to accommodate as many new customers as possible.

Acuity earnings

Acuity Brands, Inc - the indoor and outdoor lighting fixtures maker is set to release its third quarter earnings at 10:00 a.m. ET.

ZEP earnings

ZEP Inc, a specialty chemical products provider, will hold a conference call at 9 a.m. to discuss its third quarter results.