CALIFORNIA

Senate Approves Bryson as Commerce Secretary

The U.S. Senate, on a bipartisan vote of 74-26 on Thursday, confirmed former energy company executive John Bryson as commerce secretary, despite the objection of some Republicans due to his background as an environmentalist.

SanDisk's quarterly outlook a relative bright spot

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Flash memory supplier SanDisk (SNDK.O) forecast quarterly revenue near analysts' expectations thanks to growth in tablets and smartphones, but other chipmakers warned that a lackluster economy is hurting demand.
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Cypress Profit Tops Street, Sees Sales Decline in Q4

Cypress Semiconductor Corp reported a quarterly profit that beat analysts' estimates on strong demand for its mobile handset touchscreens, but warned of a higher-than-expected revenue decline in the fourth quarter.
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Gay Teen Suicides Launch Nationwide LGBT Risk Study

Following a rash of teen suicides by LGBT youth, University of Arizona and New York University researchers are looking to identify causes for the high risk for suicidal thoughts and behavior, hoping to aid schools and families looking to combat teen bullying and LGBT feelings of alienation and abnormality.
A sign for a Bank of America office is pictured in Burbank, California

California subpoenas BofA over mortgages: report

The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.
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California Shuts Down 529 Plan

The ScholarShares Investment Board in California, which runs the 529 plan, has announced that it will shut down the ScholarShare plan sold through brokers and financial advisers because it didn't manage to find a manager.
Glenn Beck

Glenn Beck Awaits Approval to Turn Former Church Site into Studio

Right-wing pundit Glenn Beck's latest mission seems to be converting a former site of Gateway Church into his new multimedia studio. Beck's company, Mercury Radio Arts has put forward a request to the city of Southlake to rezone the 13.67 acres at 2121 E. Southlake Blvd. that used to house Gateway Church's worship center into a zone that would house radio, television, Internet broadcasting and production studio uses, NBC reported. The company is waiting for an approval.
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John Singleton sues Paramount over Hustle & Flow

Hustle & Flow producer John Singleton filed a lawsuit against Paramount Pictures and MTV Films Wednesday, claiming that they reneged on elements of the deal that they struck at the Sundance Film Festival for the 2005 film.
Yahoo Q3 Earning Slumps

Yahoo Q3 Earnings Slump

Yahoo reported a 23 percent decrease in third-quarter earnings as its search engine revenue halved down from last year. However, its earnings and revenue came in above Street expectations.

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