News money 2008-03-25 Andanh.com

Asian Markets Rally on Easing US Worries Mon, 24 Mar 2008 22:36:38 PDT
Most Asian markets rose Tuesday as investors returned from the Easter holiday in a mood to buy after encouraging U.S. housing numbers and an overnight rally on Wall Street. Markets in Hong Kong and Australia, both of which were closed since Thursday,...

Smashing Pumpkins sue Virgin Records over "Pepsi Stuff" promotion Mon, 24 Mar 2008 22:35:37 PDT
The Smashing Pumpkins are suing Virgin Records, saying their former record label illegally used their name and music in promotional deals that hurt the band's street cred with fans. In a breach-of-contract lawsuit filed in Los Angeles Superior Court...

Oil Drops Near $100 on Stronger Dollar Mon, 24 Mar 2008 22:32:35 PDT
Oil prices fell to hover above $100 a barrel Tuesday as a stronger U.S. dollar made energy futures less attractive to investors. Many analysts believe the dollar's recent depreciation was the primary reason oil surged to a record near $112 a barrel...

Judge Upholds Spears Conservatorship Mon, 24 Mar 2008 22:14:54 PDT
A state appeals court on Monday dismissed an attorney's challenge to the order that gives Britney Spears' father control over much of her life. Attorney Jon Eardley, who claimed to represent the pop star, filed an appeal March 11 challenging a court...

Pilot's Gun Fires on US Airways Flight Mon, 24 Mar 2008 22:10:50 PDT
A gun belonging to the pilot of a US Airways plane went off as the aircraft was on approach to land in North Carolina over the weekend, the first time a weapon issued under a federal program to arm pilots was fired, authorities said Monday. The "...

NASA Cut Means No Roving for Mars Rover Mon, 24 Mar 2008 20:07:59 PDT
Scientists plan to put one of the twin Mars rovers to sleep and limit the activities of the other robot to fulfill a NASA order to cut $4 million from the program's budget, mission team members said Monday. The news comes amid belt-tightening at NASA...

Justice Dept. Approves XM-Sirius Merger Mon, 24 Mar 2008 19:35:53 PDT
The Justice Department on Monday approved Sirius Satellite Radio Inc.'s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc., saying the deal was unlikely to lessen competition or harm consumers. The transaction was approved without...

Senate bill offers tax relief to some strapped Calif. homeowners Mon, 24 Mar 2008 19:12:02 PDT
The state Senate has approved a bill to help California homeowners whose lenders have forgiven part of their mortgage debt. The bill would end a requirement that homeowners report that part of the loan that was forgiven as income on their tax returns.

Google asks FCC for access to TV 'white space' Mon, 24 Mar 2008 19:05:30 PDT
Google called on the federal government Monday to open up unused portions of the broadcast television spectrum to create new, affordable broadband offerings with potentially faster speed and reach than Wi-Fi. In a six-page letter to the Federal Communications...

Sebastopol rejects free WiFi on arguments it harms health Mon, 24 Mar 2008 18:57:23 PDT
Sebastopol officials have turned down a plan to provide free wireless Internet, citing possible adverse health effects. The City Council voted last week to rescind an agreement with Sonic.net that would have provided free WiFi throughout the town. <...

Exec. Denies Trying to Bribe Witness Mon, 24 Mar 2008 18:28:08 PDT
The government's chief target in a $1.9 billion corporate fraud case on Monday repeatedly denied trying to bribe a key witness to give favorable testimony. Former health care executive Lance Poulsen said the witness, former employee Sherry Gibson,...

Technical problems knock out Netflix site, slow distribution hubs Mon, 24 Mar 2008 18:24:03 PDT
Online DVD rental leader Netflix Inc. suffered a technology breakdown that knocked out its Web site for about 11 hours Monday, inconveniencing its 7.5 million subscribers. The outage could mean some customers will have to wait longer than usual for...

Stocks Jump on Revised Bear Stearns Deal Mon, 24 Mar 2008 16:32:48 PDT
Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-...

Home Sales Rose in February Mon, 24 Mar 2008 15:13:46 PDT
Sales of existing homes increased unexpectedly in February after six months of decline, but private economists said it was too soon to say the prolonged slide in housing is coming to an end. The National Association of Realtors said sales of existing...

JPMorgan Raises Bear Purchase Price Mon, 24 Mar 2008 14:35:02 PDT
JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing rival, blunting the threat that angry shareholders could scuttle the deal. The $2.4 billion lifeline to rescue the...

Google Wants TV 'White Space' for Wi-Fi Mon, 24 Mar 2008 13:54:47 PDT
Less than a week after losing in the latest U.S. spectrum auction, Google Inc. has started pitching its plan to use TV "white space" _ unlicensed and unused airwaves _ to provide wireless Internet. In a letter to the Federal Communications Commission...

Food Prices Soaring Worldwide Mon, 24 Mar 2008 11:35:14 PDT
If you're seeing your grocery bill go up, you're not alone. From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices in what analysts call a perfect storm of conditions....

SHIP TRAFFIC Mon, 24 Mar 2008 00:00:00 PDT
Due to arrive todaySHIPFROMPORT/BERTHHORIZON PACIFICTACOMAOAK/20EL MAR VICTORIALOS ANGELESSCK/15SEA-LAND METEORLOS ANGELESOAK/22HANJIN PHILADELPHIALONG BEACHOAK/56HANSA FLENSBURGENSENADAOAK/58MOKIHANAKAHULUIRCH/24CSL TRAILBLAZERSAN MARCOSSFO/ANC7STAR DOVERLOS...

Bipolar gene test stirs debate over at-home diagnostic kits / Experts say they are based on thin dat Mon, 24 Mar 2008 00:00:00 PDT
Dr. John Kelsoe has spent his career trying to identify the biological roots of bipolar disorder. In December, he announced he had discovered several gene mutations closely tied to the disease, also known as manic depression. Then Kelsoe, a prominent...

Sweeter offer solidifies deal for JPMorgan / It would pay more for Bear Stearns stock but get a big Mon, 24 Mar 2008 00:00:00 PDT
JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing rival, blunting the threat that angry shareholders could scuttle the deal. The $2.4 billion lifeline to rescue the investment...

Wikipedia insiders debate its future direction / Foundation that runs it ponders best way to pursue Mon, 24 Mar 2008 00:00:00 PDT
Scroll the list of the 10 most popular Web sites in the United States, and you'll encounter the Internet's richest corporate players - names like Yahoo, Amazon.com, News Corp., Microsoft and Google. Except for No. 7: Wikipedia. And there lies a delicate...

Cowardly robot gets top prize / It mimics phobia - intended to help kids overcome fears Mon, 24 Mar 2008 00:00:00 PDT
A robot with a cowardly streak took top honors at a conference on human-robot interaction, with antic displays intended to mimic human phobia. Attendees at a competition in Amsterdam this month of seven teams from technical universities around the world voted...

$100 billion boost envisioned for Fannie, Freddie / Home Loan Banks get OK to double mortgage purc Mon, 24 Mar 2008 00:00:00 PDT
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. The 12 regional banks in the...

DAILY DIGEST Mon, 24 Mar 2008 00:00:00 PDT
Countrywide's ex-president joins mortgage-buying firm Stanford Kurland spent almost three decades helping build Countrywide Financial Corp. into the nation's largest mortgage lender. Now, the former president of the troubled company and several key colleagues...

Food companies lap up blog mentions / Writers on every food group cook up free publicity Mon, 24 Mar 2008 00:00:00 PDT
Obsessive Web sites evaluating the newest offerings have become must-reads for lovers of every type of food including frozen dinners, potato chips, candy bars and even energy drinks. While the readerships for sites like IAteAPie and Candy Blog are only a few...

Higher-yield bond funds run into trouble Mon, 24 Mar 2008 00:00:00 PDT
In one of the more spectacular meltdowns in mutual fund history, Schwab YieldPlus - marketed as a higher-yielding alternative to money market funds - has plummeted to just $2.5 billion in assets from more than $13 billion in May. The shrinkage reflects both a...

TECH CHRONICLES / A daily dose of postings from The Chronicle's technology blog (sfgate.com/blogs/t Mon, 24 Mar 2008 00:00:00 PDT
Netflix site down all day on Monday The Netflix Web site went down unexpectedly around 7 a.m. Monday and remained out of service into the evening. The online movie rental company's engineers were "working feverishly" to get the site up and running again, said...

Home sales up - so are stocks / JPMorgan raising bid for Bear Sterns also helps markets Mon, 24 Mar 2008 00:00:00 PDT
Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-...

Chevron reportedly in talks to tap Iraq's oil Mon, 24 Mar 2008 00:00:00 PDT
Chevron Corp. and other international oil companies are negotiating with the Iraq Ministry of Oil to begin tapping into some of the country's largest oil fields, according to published reports. Specifically, the companies are negotiating for two-year...

SOFTWARE NOTEBOOK / Microsoft falls far short on the promised extras / Tech-savvy users paid more fo Mon, 24 Mar 2008 00:00:00 PDT
A Microsoft plan to reward some of its most enthusiastic Windows users has instead frustrated them by falling short of its promise. The company acknowledges the problem, says it ran into unexpected complications and vows to make things right. In the meantime,...

Satellite radio deal a step closer / Justice Dept. OKs Sirius, XM merger - FCC still needs to act Mon, 24 Mar 2008 00:00:00 PDT
The Justice Department on Monday approved Sirius Satellite Radio Inc.'s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc., saying the deal was unlikely to hurt competition or consumers. The transaction was approved without conditions,...

Notebook computer doesn't have to be a pain Mon, 24 Mar 2008 00:00:00 PDT
Q: About a year ago I got a notebook computer as a replacement for my aging desktop PC. My problem is that lately my neck and back have been suffering from being constantly hunched over the notebook. Can you recommend anything to improve the ergonomics for...

Keep your hands off the cell phone come July Mon, 24 Mar 2008 00:00:00 PDT
Claudiu Stoenescu, a database manager from San Ramon, never thought of himself as a wireless headset kind of guy. But his wife insisted he buy the wireless earpiece for his cell phone last month. The reason: She wants him on the right side of the law when he...

The best affordable tech cars / A few quality components make these autos the ones for budget shoppe Mon, 24 Mar 2008 00:00:00 PDT
2008 Ford Focus SES Cnet rating: 8.1 out of 10 (excellent) The good: Ford's Sync system provides one of the most sophisticated media and communications interfaces available. Impressive freeway mileage. The bad: The interior borders on drab, and its stereo...

East Bay: AC Transit delivers on lost purse Mon, 24 Mar 2008 00:00:00 PDT
WHAT WORKED Lost and Found: Astra Valters takes AC Transit from San Francisco to her library job in the East Bay, but one day earlier this month, she made a colossal mistake: She left her purse on the vehicle. It was 8:20 a.m. when Valters realized her miscue...

Oil drilling moving into suburbia Tue, 25 Mar 2008 06:30:03 GMT
SIGNAL HILL – The oil rig rumbles to life, breaking the early morning quiet in this neighborhood of urban townhouses and big box stores with a deafening screech and roar. As sleepy commuters idle at a nearby stop light, a grease-caked drilling crew scrambles to repair and expand one of the dozens of aging oil wells that dot the landscape of this small, hillside city about 30 miles south of Los Angeles.

Economic news Tue, 25 Mar 2008 06:30:03 GMT

Earnings roundup Tue, 25 Mar 2008 06:30:03 GMT

Around Town Tue, 25 Mar 2008 06:30:03 GMT

Fuel Cell Partnership in West Sacramento hoping to lure drivers for a visit Mon, 24 Mar 2008 00:00:00 PDT
In a matter of seconds, motorists fly past a set of sprawling buildings in West Sacramento where leading researchers from around the world are developing the future of automotive transportation.

California Crane School sues over loss of accreditation Mon, 24 Mar 2008 00:00:00 PDT
The California Crane School trains its students so well that 90 percent of them get certified on the first try, said owner John Nypl, and that's what killed his Grass Valley business.

Aerojet gains environmental OK for land development Mon, 24 Mar 2008 10:25:37 PDT
Aerojet says it has passed a key milestone in its land-development effort, saying it had obtained environmental clearance on 2,300 acres earmarked for a massive real estate project.

On the Move Mon, 24 Mar 2008 00:00:00 PDT
Judith Boshoven has been named executive director of Yolo Land Trust. She has two decades of experience in promoting open-space preservation, habitat restoration and protection of natural and cultural resources. From 1999 to 2003, Boshoven served as the founding director of the Landowner Stewardship Program at Audubon California. Yolo Land Trust is a private, nonprofit corporation that protects farms, open space and habitat in Yolo County through conservation easements.

Business Calendar Mon, 24 Mar 2008 00:00:00 PDT
Today

Bank-owned homes are real estate's new gold rush Sun, 23 Mar 2008 00:00:00 PDT
Julia and Gary Draper are in escrow for a house where the lawn is overgrown, the carpet needs replacing and the fence blew down in a January storm.

'Economic stimulus' checks start in May, and you can speed up process Sun, 23 Mar 2008 00:00:00 PDT
Get ready, here they come. If you're among the 130 million Americans who are counting on getting IRS "economic stimulus" checks, take note: The first batches will start going out in six weeks.

California budget cutters look at tax breaks Sun, 23 Mar 2008 00:00:00 PDT
Each year Californians benefit from an estimated $50 billion in tax breaks, deductions for everything from conducting business research to raising children.

Kraten puts spin on device skins Mon, 24 Mar 2008 17:07:28 -0700
O.C. artist's three-dimensional works of art are made into Gelaskins to protect, personalize iPods.

B.Braun recalls potentially tainted blood thinner Mon, 24 Mar 2008 12:56:27 -0700
Tje Irvine-based company says 23 lots of heparin might contain a potentially fatal contaminant.

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