CALIFORNIA

H&R Block to fire 575 Option One mortgage staff

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H&R Block Inc, the largest U.S. tax preparer, said on Tuesday it will fire 575 workers at its Option One Mortgage Corp subprime lending unit, on top of 615 job losses announced on May 15.
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AMD Launches Quad-Core Processors

Advanced Micro Devices (NYSE: AMD)launched its highly publicized server processor on Monday, hoping its new chip, featuring four cores, can help it regain ground lost to larger rival, Intel Corp (NASDAQ: INTC).
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Yahoo buys behavioral ad firm for $300 million

Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online ad network, for $300 million in cash, in the latest move to consolidate the fast-growing behavioral ad targeting market.
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Goldman's subprime car lender Triad to cut jobs

Subprime auto lender Triad Financial Corp., partly owned by Goldman Sachs, plans to cut 124 jobs in California next month, according to a notice filed with that state's department of labor.
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Flips and scams blamed in California housing decline

Bhaviesh and Varsha Shah bought their dream home in a new development east of Los Angeles two years ago, planted flowers around an emerald lawn and picked out wicker furniture for sitting outside on cool afternoons.
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Mobile game firm markets to commuters

Mobile game publisher Glu Mobile aims to eliminate the boredom that plagues the taxi driver while he waits for a fare or the commuter during those interminable minutes before the train.
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Countrywide seen leading financials higher

Countrywide Financial Corp was expected to lead financial shares higher on Thursday after receiving a $2 billion injection from Bank of America Corp, easing fears the largest U.S. mortgage lender could go bankrupt and boosting optimism the sector will weather a credit shortage.
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Bank of America invests $2 bln in Countrywide

Countrywide Financial Corp on Wednesday received a $2 billion injection from Bank of America Corp, helping the largest U.S. mortgage lender shore up its finances as it struggles with a liquidity crunch.
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Start-up sees 1,000 brains on one microchip

Tilera Corp, a Silicon Valley semiconductor start-up, is launching a single microchip with 64 processing units, or cores, in a technological jump generations ahead of the mainstream.
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Gamers' world reveals secrets of the next pandemic

A plague carried around the world by travelers, pets and curious teen-agers may show that experts have not taken everything into account when planning for an outbreak of disease, researchers said on Monday.
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July foreclosures up 93 percent vs year ago: survey

Home foreclosures rose 9 percent in July from June and soared 93 percent from a year ago as states that once enjoyed a white-hot housing market are now seeing the greatest number of loan failures, a real estate survey reported on Tuesday.
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Countrywide says it cut 500 mortgage jobs

Countrywide Financial Corp, the largest U.S. mortgage lender, said it had eliminated about 500 jobs nationwide as it tries to cope with a credit shortfall stemming from the U.S. housing downturn.
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Capital One slashes jobs, mortgage industry swoons

The U.S. mortgage industry took another battering on Monday, as Capital One Financial Corp said it will shut a lending unit it bought less than a year ago, while two mortgage companies took steps to bolster liquidity as losses piled up.

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