Recently on California Money:
Newly unsealed documents in Viacom's copyright
suit against YouTube and Google reveal a vicious
catfight of accusations. Also, California goes to the
bond markets again next week. The state plans to sell
about $2 billion in infrastructure bonds. More than
half are Build America Bonds, partially subsidized by
federal stimulus funds.
Host: Stephanie Martin
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With its fingers in nearly everything else,
Google is now reportedly working on something called
Google TV. The Mountain View-based search giant is
teaming up with Intel and Sony to move web content from
the PC to the television. Also, Bay Area home sales in
February dipped below last year's levels for the second
straight month -- but the region's real estate market
appears to be stabilizing.
Host: Peter Jon Shuler
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NUMMI workers voting today on a proposed layoff
settlement are expected to ratify the deal, according to
union leaders. About 4,700 United Auto Workers members
will lose their jobs when Toyota shuts down the former
GM plant in Fremont on April 1. Also, a new report on
health costs finds Californians spending a greater
portion of their income on insurance premiums.
Host: Stephanie Martin
More info:
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"Shifting Gears: NUMMI Workers Ready Their
Resumes" from The California Report
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San Jose's mayor rang Nasdaq's closing bell
today without even leaving City Hall. Mayor Reed rang
the New York bell with a special remote control to
celebrate 20 years since the exchange set up an office
in Silicon Valley. More than 500 California companies
are traded on the tech-heavy Nasdaq. Also, shares of
Palo Alto-based Financial Engines made a splash on the
Nasdaq today, rising more than 30 percent as the company
made its market debut.
Host: Stephanie Martin
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The standoff between Google and the Chinese
government is coming to a head this week, as the search
giant appears ready to pull the plug on its Chinese
domain web site. Also, today marks a milestone in the
history of the Internet. On March 15, 1985, a company
called Symbolics registered the very first dot-com
domain name.
Host: Stephanie Martin
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Apple began taking pre-orders for its
much-hyped tablet computer this morning. Apple Insider
reports the firm took advance orders for 50,000 iPads in
the first two hours of sales. Also, strong investor
demand helped California sell 25 percent more bonds this
week than originally forecast. And the White House
confirmed today that Federal Reserve Bank of San
Francisco president Janet Yellin is its top pick for
vice chairman of the Federal Reserve.
Host: Stephanie Martin
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