CALIFORNIA

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Calpers probes fees paid in pay-to-play deal

Calpers said it was probing the fees outside money managers had been paying to win business with the largest U.S. pension fund, adding a new dimension to a wider review of so-called pay-to-play schemes.
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RPT-FEATURE-New investors swoop on battered U.S. housing market

After a slow start, the volume of bids on LoanMarket more than quadrupled in August, he said, adding the stabilization of the housing market and the economy may have played a part as well as the discounts available from banks and funds that need to unload underwater investments.
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Carly Simon sues Starbucks Corp

Singer Carly Simon is suing Starbucks Corporation blaming the coffee chain for the poor sales in her 2008 album saying the company failed to adequately promote her 2008 album ahead of its release.
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California heats up incentives for solar power

California is heating up its push for clean energy, as Governor Arnold Schwarzenegger approved a new subsidy for solar power on Monday and joined forces with the federal government to fast-track renewable energy projects.
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Vince Vaughn victorious with Couples Retreat

The critically maligned Vince Vaughn comedy Couples Retreat easily took the top spot at the weekend box office in North America on Sunday, helped by the absence of any other new releases.
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PG&E Calif. Helms 1 hydro unit back

PG&E Corp's 404-megawatt Unit 1 at Helms hydropower station in California returned to service by Thursday afternoon, the California Independent System Operator said in a report. The unit shut by Oct. 5 for unplanned reasons.
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Car-less Camping in the U.S.

Car-less camping isn't for sissies. You can experience situations that range from annoying to scary. Maybe you'll carry a heavy backpack on a long walk from a bus stop to your campsite. An electrical
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NAR: Permanent FHA Loan Limits Crucial to Recovery

Making the current FHA loan limits permanent would ensure liquidity in the housing market and make mortgages more affordable for qualified buyers at a time when the market is showing signs of a fragile recovery, the NATIONAL ASSOCIATION OF REALTORS® testified to the House Subcommittee on Housing and Community Opportunity today.
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Wall St gains on earnings optimism

U.S. stocks rallied on Thursday as investors grew hopeful about the economic recovery after a surprising quarterly profit from Alcoa Inc and data pointing to a stabilizing labor market.
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US home buyer negotiating power falls in Aug-Zillow

Home buyers in much of the United States paid thousands of dollars below the asking price, but had slightly less negotiating power in August than in July, real estate website Zillow.com said on Thursday.
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California green push to staunch job losses: study

California's plan to slow climate change will boost the state economy and save hundreds of thousands of jobs at risk from rising energy costs, a study by a University of California economist said on Wednesday.

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