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Calif. Voters Forced To Choose How To Ease Defict

Calif. Gov. Jerry Brown says the state's budget deficit is now $16 billion. That's almost double the figure he gave in January. Brown is attempting to force voters to choose between higher taxes and deeper spending cuts.
NPR

Virgin Atlantic Will Allow Texting On Some Flights

Virgin Atlantic says passengers on its new Airbus will soon be able to chat on their cell phones. They'll be able to text as well. Each plane will have its own cellular network that bounces signals to satellites. That in-house network will prevent signals from interfering with air traffic control.
NPR

Facebook Raises Anticipated Stock Price

Investor excitement over Facebook's upcoming initial public offering has prompted the company to raise the price range for its shares. The social networking company says in a regulatory filing that it expects to sell its stock for between $34 and $38 per share. That's higher than a previous range of $28 to $35.
NPR

LightSquared Files For Bankruptcy Protection

LightSquared, which had been trying for years to build a high-speed wireless broadband network, has filed for Chapter 11 bankruptcy. The company's plans ran afoul of government regulators who said the new network would interfere with GPS signals.
NPR

JPMorgan's Loss A Gain For Campaign Positioning

JPMorgan Chase's $2 billion loss in a risky investment brings attention to the presidential candidates' stances on financial regulation. President Obama supported the Dodd-Frank act, while Mitt Romney has said he would replace it with other regulations.
NPR

Canada's Housing Market Booms; Experts See Trouble

Canada's real estate market is one of the hottest in the developed world. In Toronto, where prices rose 10 percent in March, the average detached house costs more than $600,000. But some worry that Canada is experiencing a housing bubble that's about to burst.

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