Gov. Schwarzenegger, legislative leaders remain mum on compromise to close $19 billion gap

California nears budget vote to end record impasse

SACRAMENTO, Calif. – Despite reaching a long awaited budget agreement, Gov. Arnold Schwarzenegger and legislative leaders remain mum about how they plan to close California’s $19 billion deficit.
Late Friday night, leaders of the state Senate and Assembly from both parties stood together outside the governor’s office after an …. Source  : Gov. Schwarzenegger, legislative leaders remain mum on compromise to close $19 billion gap.

Debate gives Whitman chance to regain momentum with Calif. Hispanics after housekeeper flap

Whitman looks to regain momentum in second debate

FRESNO, Calif. – Republican Meg Whitman and Democrat Jerry Brown are preparing for their second debate of the California governor’s race, hoping to court Hispanic voters, who could make up 15 percent of voters this November.
Whitman, who hoped to use Saturday’s forum to lure some voters from Brown, … Read the original article on Gaea Times at : Debate gives Whitman chance to regain momentum with Calif. Hispanics after housekeeper flap.

Toronto Stock Exchange to hold road show in India

TORONTO – The Toronto Stock Exchange (TSX) will hold a road show in India in November to showcase its unique position in the global mining industry.

TSX is also the worlds largest mining and energy market, with the biggest number of companies listed on it.
The stock exchange agreed to the road show after its … Read this article on Gaea Times at : Toronto Stock Exchange to hold road show in India.

Hard news that flops to cost more to mail; many small papers use post office for home delivery

USPS says droopy newspapers to cost more to mail

LITTLE ROCK, Ark. – Even if a newspaper is filled with hard news, the U.S. Postal Service is checking to see whether it’s droopy.
Under a rule that takes effect Sunday, if a flat piece of mail that’s longer than 10 inches droops too much, it will cost … Read more »».

Boeing delivers 203rd C-17 airlifter to USAF

LONG BEACH – Boeing has delivered to the US Air Force (USAF) the 203rd C-17 Globemaster III strategic airlifter, an aircraft that India is currently evaluating.

The C-17 left Long Beach Friday and is now operateing out of Joint Base Lewis-McChord, Washington state, where it is assigned to the 446th and 62nd Airlift Wings, a …. Read the original article  : Boeing delivers 203rd C-17 airlifter to USAF.

Foxconn staff in China get 66 percent pay hike

BEIJING – Electronic giant Foxconn has increased the monthly salaries of its workers in south China factory by 66 percent, raising their wages second time this year after a string of suicides by its employees.

From October, assembly workers at Shenzhen production base would get a pay rise of about 66 percent to bring salaries … Read more : Foxconn staff in China get 66 percent pay hike.

US seeks $4.4 bn Globemaster deal before Obama visit

WASHINGTON – The United States and India are working on a $4.4 billion deal for the Indian Air Force to acquire ten C-17 Globemaster transport aircraft ahead of President Barack Obama’s visit to India, according to a senior US official. The deal could potentially create up to 30,000 jobs in the US.

The possible …. Read the original article  : US seeks $4.4 bn Globemaster deal before Obama visit.

Real estate broker who survived 6 days without food, water in Calif. desert in good condition

Real estate broker found in desert doing well

JOSHUA TREE, Calif. – The Los Angeles real estate broker who survived six days without food or water in a remote desert canyon and wrote messages to his family on his hat has been upgraded from fair to good condition in a hospital in Joshua Tree.
Hi-Desert Medical Center …. Source article  : Real estate broker who survived 6 days without food, water in Calif. desert in good condition.

Pakistan sets up plant to produce cheap bread

ISLAMABAD – Pakistan has set up a bread factory in Punjab province that would provide bread at a most economical price of Rs.2, a media report said.

The Sasti Roti Plant, established in Gujar Khan city in Punjab province, would provide bread at a cost of Rs.2, and has a capacity to produce approximately 1,000 …. Original article  : Pakistan sets up plant to produce cheap bread.

California governor, legislative leaders say they’ve reached a budget deal

Calif. gov, legislative leaders reach budget deal

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California’s record-long budget stalemate after 93 days.
No details were released on how the state plans to bridge a $19 billion deficit, as legislative …. Source article  : California governor, legislative leaders say they’ve reached a budget deal.

Regulators close small banks in Florida, Washington to bring US bank failures this year to 129

Regulators close small Florida, Wash. banks

WASHINGTON – Regulators shut down small banks in Florida and Washington state on Friday, lifting to 129 the number of U.S. bank failures this year as loan defaults have mounted and economic distress has lingered.
The Federal Deposit Insurance Corp. took over Wakulla Bank, based in Crawfordville, Fla., with $424.1 million … Original article on : Regulators close small banks in Florida, Washington to bring US bank failures this year to 129.

Dialogic and Veraz finish merger, combined company named Dialogic, will trade as ‘DLGC’

Dialogic, Veraz finish merger
SAN JOSE, Calif. – Dialogic Corp., a privately held mobile video technology company, and Veraz Networks Inc., a publicly traded telecommunications equipment maker, said Friday that they have finished their merger.

The new company, which is called Dialogic Inc., will trade on the NASDAQ using the symbol “DLGC.” It is based in San …. Source article on Gaea Times at  : Dialogic and Veraz finish merger, combined company named Dialogic, will trade as ‘DLGC’.

Facebook splits stock as controversial movie hits screens

SAN FRANCISCO – Facebook announced a 5-for-1 stock split Friday, the same day a controversial movie about the origins of the social networking giant hit theatres.

Facebook said the stock split would enable it to be more flexible in granting stock options to current and prospective employees.
The move is the third time that … Original article on : Facebook splits stock as controversial movie hits screens.

Bank of America delays foreclosures in 23 states as it examines handling of documents

Bank of America delays foreclosures in 23 states

WASHINGTON – Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.
The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases …. Original article  : Bank of America delays foreclosures in 23 states as it examines handling of documents.

At a Glance: 23 states where Bank of America is halting foreclosures due to document problems

At a Glance: Foreclosure delays in 23 states

Bank of America is halting foreclosures in 23 states as it examines whether it rushed the process for thousands of homeowners without reading the documents.
The move adds the nation’s biggest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the … Read more : At a Glance: 23 states where Bank of America is halting foreclosures due to document problems.

Yahoo details upcoming departure of EVP Schneider in regulatory filing

Yahoo gives details on EVP exit in SEC filing

SAN FRANCISCO – Yahoo Inc. gave more details surrounding the upcoming departure of Hilary Schneider, an executive vice president who oversees Yahoo’s advertising in the U.S., in a regulatory filing Friday.
Yahoo said Thursday that Schneider would be leaving, along with two other executives: David Ko, a senior …. Original article  : Yahoo details upcoming departure of EVP Schneider in regulatory filing.

SJW Corp. taps KPMG audit partner Lynch as chief financial officer, replacing Green

SJW names KPMG audit partner Lynch as CFO
SAN JOSE, Calif. – SJW Corp., the parent of San Jose Water Co. and an operator of commercial buildings, said Friday that James Lynch would become its chief financial officer and treasurer, replacing David Green, who resigned on Thursday.

Lynch begins on Monday.
In a securities filing, the company did …. Source  : SJW Corp. taps KPMG audit partner Lynch as chief financial officer, replacing Green.

Man gets word of donor matches on same day Arizona budget cuts eliminate transplant funding

Arizona Medicaid cuts include transplant funding

PHOENIX – A Phoenix man awaiting a bone-marrow transplant got good news Friday – word of two donors who are possible matches.
But new budget cuts for Arizona’s Medicaid program also take effect Friday, and they eliminate coverage for many types of transplants, including the lifesaving one Mark Price needs.
The former … Read : Man gets word of donor matches on same day Arizona budget cuts eliminate transplant funding.

Ryder in the storm: Rain suits become a water hazard for soggy US team in Wales

Wardrobe malfunction: US Ryder Cup golfers soaked

NEWPORT, Wales – Call it Water(proof)gate.
The dozen golfers on the U.S. Ryder Cup team got a soggy surprise on the opening day of competition when the rain gear they brought from the States didn’t work any better than it looked.
Caught in a morning downpour at the Celtic Manor course …. Original article  : Ryder in the storm: Rain suits become a water hazard for soggy US team in Wales.

Gov’t report finds large trader triggered May 6 stock market plunge with $4.1B computer trade

1 large trader led to May 6 stock market plunge

WASHINGTON – A trading firm’s use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average careening nearly 1,000 points in less than a half-hour, federal regulators said Friday.
A report by the Securities and Exchange Commission and the … Read more >>.