CALIFORNIA

Rising Seas to Cost California Beach Towns Millions

A surfer walks out of the ocean as the sun sets on New Year's Eve on Venice Beach in Los Angeles
A new study from San Francisco State University finds that rising sea levels and stronger storms caused by global warming may cost the state of California hundreds of millions of dollars in lost tourism and tax revenues as beaches shrink and buildings require additional protection.
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A surfer walks out of the ocean as the sun sets on New Year's Eve on Venice Beach in Los Angeles

Rising Seas Expected to Wash Out Key California Beaches

Rising seas forecast from climate change will likely wash away some of California's most iconic beaches by century's end, along with hundreds of millions of dollars in real estate, roads and tax revenues, a new study found on Wednesday.
Radar sounding technology developed to explore the subsurface of Mars may soon be used to find water buried deep beneath Earth's deserts. Image credit: NASA/JPL-Caltech

NASA Helps Discover Waters Deep Under Deserts

A research team from NASA has created high-resolution maps of freshwater aquifers buried deep beneath a desert in Northern Kuwait by using radar sounding technology that provides more accurate idea of underground water levels.
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U.S. solar startup cutting 80 jobs at Calif. plant

U.S. solar company Calisolar on Wednesday said it would downsize its California solar cell factory, laying off 80 employees, as it focuses on its primary silicon production business.
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US Supports Solar Despite Solyndra Bankruptcy -DOE

The Obama Administration has no intention of walking away from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees, a top U.S. Energy Department official said on Wednesday.
Health News

More U.S. Doctors Facing Charges Over Drug Abuse

Michael Jackson's doctor, accused of killing the pop star with a powerful anesthetic, has joined a small but growing number of U.S. physicians facing criminal charges over their handling of prescription drugs.
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Sempra Energy Realigns Units, Names Key Officials

Sempra Energy said it will group its power generation, pipelines, storage and LNG businesses into two new operating units, Sempra International and Sempra U.S. Gas & Power to realign operations.
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FACTBOX-Companies with Conditional DOE Loan Guarantee Offers

The U.S. Department of Energy's loan program for innovative technologies was created under the Bush Administration in 2005, but the first loan guarantee wasn't extended until four years later when the loan office received funding under the federal economic stimulus.
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IFR-Redwood Trust Set to Launch US$375m Private RMBS

Redwood Trust, a California-based REIT, is about to launch its second private-label RMBS of the year, a US$375.2m prime-mortgage offering called Sequoia Mortgage Trust 2011-2 (SEMT 2011-2), according to a presale report released on Wednesday by Fitch Ratings.
Obama Presidency

Obama's Approval Rating Falls in California: Poll

Concern about the economy has pushed President Barack Obama's approval rating below 50 percent in California, a state assumed to be an easy win for him in next year's presidential election.
Intel Headquarters, Santa Clara, Calif.

Is Intel Ultrabook Superior to iPad, MacBook Air?

Intel Corp. is putting significant weight behind ultra-slim Ultrabook in the Intel Developer Forum, which would be a threat to Apple Inc.'s iPad and MacBook Air.
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Do Teen driving Restrictions Save Lives?

Programs that keep young drivers from taking the wheel at night, or with a car full of teens, may reduce the risk of fatal crashes in some drivers -- but increase that risk in others, according to a U.S. study.
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SEC Examines Rules on Raising Private Capital

The top U.S. securities regulator has formed an advisory panel of fast-growing companies and venture capital funds as it reviews whether it needs to update rules on how private companies can access public investors.
The Yahoo! offices are pictured in Santa Monica

Yahoo Board to Meet on Wednesday to Review Options - Source

Yahoo's board will meet on Wednesday to discuss a wide range of options facing the troubled Internet firm, including the search for a new chief executive, a source with knowledge of the situation told Reuters.
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Oaktree Offers $670 Million for Jakks, Says May Go Hostile

Oaktree Capital Management Funds sent a letter to Jakks Pacific (JAKK.O) on Tuesday, outlining its intention to buy the toymaker and take it private in a $670 million deal, after repeated rebuffs from the company since the offer was made in March.
Col. Belote and Vander Leest walk through array of solar photovoltaic panels at Nellis Air Force Base in Las Vegas

SunPower Looking at Downstream Acquisitions

U.S. solar company SunPower Corp (SPWRA.O) is actively looking at acquisitions that would complement its residential and commercial project businesses, Chief Executive Tom Werner said on Tuesday.
Super-earth

Newly Discovered Earth-like Planet Could Support Life: Report

A recent extrasolar planet haul has identified one earth-like planet that exists only 36 light-years away from the Earth. The announcement about the discovery of this planet was made by European astronauts on Monday.

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