CALIFORNIA

Countrywide's Mozilo charged with fraud

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Angelo Mozilo, who built the largest U.S. mortgage lender, was charged with securities fraud and insider trading on Thursday, making him the most prominent defendant in investigations into the U.S. subprime mortgage crisis and housing bust.

U.S. Energy secretary: 'I am a Nerd'

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Energy Secretary Steven Chu addressed the community of Harvard University on Thursday for a commencement speech humorously calling himself a nerd.
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Botnet, spam provider unplugged at FTC's request

An Internet service provider with links to Eastern Europe has been unplugged after it was suspected of being behind computer intrusions at NASA and sending massive amounts of malicious spam, the Federal Trade Commission said on Thursday.
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Jobless rates in U.S. cities zoom higher in April

The weak labor market is hurting U.S. cities -- centers of many industries and large housing markets -- with 93 metropolitan areas registering an unemployment rate of at least 10 percent in April, according to Labor Department data released on Wednesday.
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GM in deal to sell Hummer, but won't say to whom

General Motors Corp said it had reached a preliminary deal to sell its Hummer brand, part of its effort to shed half of its eight U.S. lines and leave bankruptcy court protection as a leaner company.
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Free Nicotine Patches and Gum to Be Distributed This June in L.A. County

The Los Angeles County Department of Public Health, in conjunction with Ralphs and L.A. Care Health Plan, will give away the largest free supply of nicotine patches and gum in California, and are asking residents who are interested in helping others quit smoking to volunteer during this giveaway.
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About 12 percent of U.S. homeowners late paying or foreclosed

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.
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1 in 8 U.S. homeowners late paying or in foreclosure

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.
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Battle takes shape over U.S. court pick Sotomayor

The battle over U.S. Supreme Court nominee Sonia Sotomayor began to take shape on Wednesday as liberal supporters praised her as an independent legal thinker and conservatives argued she likely would rule based on her emotions rather than established precedent.
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Bush v. Gore lawyers take on gay marriage ban

Two lawyers who squared off in the legal case that determined the 2000 U.S. presidential election joined forces on Wednesday to ask a federal court to halt California's same-sex marriage ban, despite warnings from gay rights advocates not to mount a federal challenge.
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California court upholds gay marriage ban

California's supreme court backed a ban on gay marriage on Tuesday, upholding a voter-approved proposition defining marriage as between a man and a woman, but said the marriages last year of 18,000 same-sex couples were still legal.
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Russia breaks wall into U.S. nuclear market

Russia signed a landmark deal to supply nuclear fuel directly to U.S. companies on Tuesday, setting itself up to control 20 percent of the U.S. uranium market and extending its global reach in the nuclear sector.
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Solar power could surge by 2050 in deserts: study

Solar power plants in deserts using mirrors to concentrate the sun's rays have the potential to generate up to a quarter of the world's electricity by 2050, a report by pro-solar groups said on Monday.

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