| Dec 29, 2013
The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
| Dec 28, 2013
| 6:00 AM
The Los Angeles Memorial Coliseum was flirting with insolvency, but that didn't stop its government overseers from incurring hundreds of thousands of dollars in legal expenses to keep secret their deliberations on a new long-term lease for the stadium....
| Nov 20, 2013
| 4:20 PM
Officials in Desert Hot Springs have declared a fiscal emergency in an attempt to avert a second bankruptcy as the Palm Springs-area city approaches insolvency.
The City Council voted unanimously Tuesday to approve the emergency declaration, with...
| Nov 22, 2013
| 11:28 AM
A Los Angeles jury is weighing the fate of a former ranking administrator in Bell who prosecutors claim was one of the architects of the widespread corruption that left the working-class town on the edge of bankruptcy.
Angela Spaccia was described by...
| Nov 22, 2013
| 5:49 PM
Visual effects artists are planning to show their colors next week when President Obama visits DreamWorks Animation SKG.
Hundreds of visual effects artists who work at the Glendale studio are expected to wear green T-shirts to draw attention to the...
| Nov 24, 2013
| 5:00 AM
Dear Liz: I'm a single mom with three kids. My mortgage is $1,700. My other monthly bills include $355 for a car loan, $755 for school tuition, $350 for utilities, $790 for credit cards, $200 for gas, $208 for braces and $235 for a 401(k) contribution....
| Nov 25, 2013
| 7:33 AM
WASHINGTON -- Fiat on Monday said it would postpone an initial public offering of Chrysler Group stock until early 2014.
The move ends an attempt to sell shares owned by a United Auto Workers trust by the end of this year to help resolve a dispute...
| Nov 22, 2013
| 3:43 PM
An investor group headed by Hong Kong tycoon Richard Li purchased the federal loan made to Karma plug-in hybrid sports car maker Fisker Automotive and acquired the assets of the nearly defunct automaker.
Fisker has voluntarily filed petitions to...
| Nov 27, 2013
| 10:03 AM
A deal announced nine months ago to merge two of the nation's biggest carriers to create the world's largest airline has cleared another key hurdle.
The merger of American Airlines and US Airways received approval Wednesday from the U.S. bankruptcy...
| Dec 2, 2013
| 1:42 PM
Tens of thousands of Detroiters are waiting anxiously for 10 a.m. Tuesday. That’s when they’ll hear from Judge Stephen Rhodes whether the city is eligible for bankruptcy protection, a decision that could affect pensions, city services and...
| Dec 3, 2013
| 9:38 AM
Saying that “the city needs help,” a judge ruled Tuesday that Detroit is eligible for bankruptcy protection and can cut municipal employee pensions as it reorganizes its finances.
“This case was filed in good cause and should not be...