california

California's SolarCity Sees a Bright Market on the East Coast

California-based solar panel installer SolarCity has announced its second East Coast deal in a month: It's buying the residential solar business of Vermont-based groSolar, hard on the heels of its purchase of Maryland's Clean Currents. And SolarCity isn't the only West Coast solar player looking toward the sunrise for growth.

Facebook Buys Former Sun Site for New Headquarters

Social networking giant Facebook announced Tuesday it's moving its headquarters into the old digs of server and storage maker Sun Microsystems in Santa Clara, Calif. With the relocation from Palo Alto, Calif., Facebook will snag 57 acres and nine buildings that offer roughly 1 million square feet.

Court Gives Hope to Homeowners Lied to by Banks

A California appeals court has ruled that U.S. Bank conned Claudia Aceves out of her home by tricking her into giving up her bankruptcy protections. Now she can sue the bank for damages and fraud, and conceivably, so could other homeowners in similar situations.

20 Metro Areas With the Worst Credit Card Debt

Equifax has ranked the U.S. metropolitan areas that are still suffering the most from high credit card debt, and found the majority of the areas with the highest debt-to-income ratios are located in six states. But the six might not be the ones you'd guess.

Gov. Brown Declares State of Fiscal Emergency in California

Newly-installed California Gov. Jerry Brown declared a state of fiscal emergency on Thursday, underscoring the need for quick legislative action on the state's massive budget deficit. Without corrective action, he said, California's combined deficit for this year and the next will be $25.4 billion.

A Theme-Park Pop Could Help Disney Sparkle

The holidays drew sell-out crowds to Disneyland, shutting ticket sales on two days. Could this be a sign that its all-important parks and resorts may turn into money makers in 2011? That would be a big from last year, when they pulled down the company's overall earnings growth.

China's CSR Corp. May Bid For U.S. Rail Projects

CSR Corp., China%u2019s largest train maker, may bid to build high-speed train lines in Florida and California as part of a joint venture with General Electric Co (GE). The companies may also place bids for east coast rail projects, CSR Chairman Zhao Xiaogang said today, according to Bloomberg News.

NASA Discovers Microbe that Thrives on Toxic Arsenic

NASA has discovered a bacteria that can use arsenic -- which is toxic to most forms of life -- as a building block of its DNA. Scientists say the discovery may broaden our definition of what constitutes life and may revolutionize how we search for life beyond Earth.

Mortgage Delinquencies Fall in the Third Quarter

A smaller percentage of mortgage holders were delinquent on their payments in the third quarter than in the second quarter, although the percentage of delinquencies remains up from the same period last year.

California Voters Reject Proposition to Legalize Pot

It looks like a ballot measure to legalize marijuana in California has failed. Proposition 19 would have made it legal for adults of drinking age to possess up to 1 ounce of pot, as well as to grow and smoke the drug in private, and would have authorized local governments to tax its sale.

How Did Global Warming Fare on Election Day?

As California voters wait to find out whether they've suspended a major global-warming law, which requires the state to scale back carbon emissions 25% to 1990 levels by 2020, New Mexico on Tuesday passed its own measure to reduce greenhouse-gas emissions

Will California Light Up a National Pot Industry?

Many will be watching to see if the state's voters say yes to Proposition 19, the controversial ballot measure that would legalize marijuana in California. Advocates say the measure would be a moneymaker. Opponents see nothing but trouble ahead if Prop 19 passes.

HSBC May Consider Buying Northern Trust

HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said. Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.

Unemployment in Some States Near Record Highs

The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.

Why Happy Meals Toys are Controversial in California

Forget California's huge budget deficits, high unemployment levels and nasty political campaigns. One of the most polarizing issues in the Golden State today is about a proposal to ban Happy Meals toys in San Francisco.

Why New Jersey Is Still No. 1 for Property Taxes

If there is one thing that unifies residents of New Jersey in these divisive times, it's property taxes: Everybody hates them. One of the Garden State's chief claims to fame -- besides 'The Sopranos' and The Boss -- is that its residents pay the highest property taxes in the country.

Most States Reported Higher Joblessness in August

Last month, 27 states lost jobs, while 10 states and Washington, D.C., had no rate change from July, according to the report. Overall unemployment was down slightly from the 9.7% rate in August 2009, the BLS said.

PG&E Releases List of 100 High Priority Gas Lines in California

Pacific Gas and Electric (PCG) released a list of 100 high priority gas lines in California, 11 days after a gas main exploded in San Bruno, killing at least four people. PG&E compiled the list using criteria including potential for corrosion and the potential for third-party damage such as construction, the company said on its website.

Very Few Laid-Off Californians Have Found New Jobs

Increased temp hiring and in industries such as retail and tourism have barely made a dent in a state hit by far larger job cuts in print media and telecommunications, according to the UCLA Anderson Forecast.