California is the fourth-largest producer of oil in the United States. If oil companies can tap into a deposit in the Monterey Shale, another 15.4 billion barrels of oil could be unlocked. To get at this deposit, the companies would need to use a process called hydraulic fracturing, in which they shoot water, sand and chemicals into the ground to break up the rock that holds the oil.
April 2013 Archives
Automaker giant Toyota has agreed to pay the Orange County, California District Attorney's office $16 million as part of a settlement over the company's safety recall for braking issues and unintended acceleration. The lawsuit, which the District Attorney claimed deceptive business practices, alleged that Toyota had concealed the safety problems, which related to floor mats and "sticky" gas pedals.
Romantic relationships come and go. For international superstar Shakira, a relationship that ended has begun business litigation between her and her ex. He claims that he deserves a significant amount of money for some of the Argentinean star's most successful hits.
It's like a love triangle and Martha Stewart is the woman in the middle. Well-known department stores Macy's and J.C. Penney, Co. are fighting over who has rights to the popular Martha Stewart Living brand. And during a week of bad news for Penney, a judge's recent ruling might add a little light to an otherwise dark situation.
One might think that when someone dies the money that his name would earn would stop rolling in. For Michael Jackson, however, that clearly isn't the case. His estate will continue to profit from his legacy through various means, including products related to the King of Pop.