CALIFORNIA

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Hunt for Madoff money to drag on for years

Five months after Bernard Madoff's massive fraud was revealed, little of his victims' money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years.

U.S. money manager takes aim at subprime servicer

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A money manager owned by Canada's Manulife Financial Corp is seeking to fire one of the largest subprime mortgage companies in the United States, claiming that Carrington Mortgage Services is unfairly tarnishing some bonds.

McAfee, EMC team up vs Symantec in online backup

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McAfee Inc, the No. 2 computer security company, plans to team up with EMC Corp to offer online PC backup services, and announced the acquisition of a company that protects ATMs against hackers.
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McAfee to buy small security company for $33 mln

McAfee Inc, the world's No. 2 security company, said on Friday it will buy privately held SolidCore Systems Inc, a maker of programs to protect automated bank tellers and other specialized computers.
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No Steve Jobs at Apple’s WWDC this year

Apple on Wednesday said Steve Jobs would host its annual Worldwide Developers Conference (WWDC) but instead, the keynote will be hosted by senior vice president of Worldwide Product Marketing, Philip Schiller.
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Congress under pressure as GM bankruptcy possible

With General Motors Corp planning to end production of Saturns and Pontiacs at its Delaware plant which employs more than 1,000 people, state leaders are scrambling to win new work at the facility or persuade the company to move other operations to the region.
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Hate goes viral on social network sites: report

Militants and hate groups increasingly use social networking sites such as Facebook, MySpace and YouTube as propaganda tools to recruit new members, according to a report by the Simon Wiesenthal Center.
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New electric bike adds style and speed to virtue

Pollution-free electric scooters and bicycles have been available for a while but nothing on the market so far has come close to providing what bikers would regard as a ride with the style and performance they crave.
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Greenspan sees

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that
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Google shows new search tools for computer, phone

Google Inc unveiled a slew of new and future features on Tuesday, including one that will allow people to better coordinate Internet searches on their cell phones and computers and another that will produce sophisticated automated research reports.
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Miss California keeps her crown

Pageant owner, Donald Trump, announced on Tuesday that Miss California USA, Carrie Prejean, can keep her crown despite all the controversies that surround her regarding her view on gay marriage and her pics in underwear.
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Will Miss California lose her crown?

For the time being, Miss California, Carrie Prejean will be keeping her crown but not her duties as, according to pageant organizers, has violated her contract. Her fate is expected to be announced on Tuesday by Miss USA owner Donald Trump.
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Oil slips as U.S. equities

Oil prices fell marginally on Monday, pressured slightly by weaker equity markets and a firmer dollar.
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Fuel-cell car rally opens Norway's hydrogen highway

Norway opened a 560 kilometer (350 mile) hydrogen highway on Monday with more than a dozen hydrogen-powered cars rallying along a scenic route between its capital city Oslo and North Sea oil hub Stavanger.
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Buffett's Berkshire has first loss since 2001

Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.
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California fire fighters battle against flames

A stubborn wildfire has forced at least 30,000 people to evacuate their homes and destroying 75 homes in the California coastal town of Santa Barbara as the flames continued for the fourth consecutive day.

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