| Mar 1, 2014
| 4:56 PM
Sitting in a spare office on the sixth floor of City Hall, a sweeping view of San Bernardino behind him, the incoming mayor paused a conversation and picked up a ringing phone. It was somebody wanting to know what time the office closed.
| Feb 28, 2014
| 8:22 AM
The libertarian streak among bitcoin fanciers will be hard to kill, but at the moment it's certainly crippled. That's because bitcoin's onetime market leader, the Mt. Gox exchange, today filed for bankruptcy protection in Japan.
Of course it's not...
| Feb 2, 2014
| 5:00 AM
When asked how he went bankrupt, a character in Ernest Hemingway's novel "The Sun Also Rises" replies: "Two ways. Gradually and then suddenly."
This neat summation of how business failure creeps up on victims is quoted in "Big Bang Disruption:...
| Feb 28, 2014
| 6:02 AM
Bitcoin exchange Mt. Gox announced Friday that it has filed for bankruptcy protection, admitting that it had lost 850,000 bitcoins.
"There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble," said Mt. Gox...
| Feb 27, 2014
| 8:37 AM
The Los Angeles Fire Department has begun hiring for the first time since 2009, and there is tremendous demand for a job with the agency. You’d think the city would be able to select the very best candidates -- the ones with the highest test scores,...
| Feb 26, 2014
| 2:56 PM
Los Angeles, you may have a Houston problem.
The Dodgers are expected to have a much better season than the lackluster Houston Astros, but fans of both teams may soon have a lot in common when it comes to watching the games on television.
| Feb 25, 2014
| 7:31 PM
It was supposed to revolutionize the global monetary system. Instead, the bitcoin virtual currency that has captured the imagination of investors and financiers is on the verge of collapse.
In a stunning blow to a novel way to buy products and services,...
| Feb 22, 2014
Detroit's plan to emerge from bankruptcy this year largely hinges on significant cuts to city workers' pensions and retiree health benefits — actions vehemently fought by public employee unions — as well as decreased payments to bondholders,...
| Feb 21, 2014
| 5:35 PM
WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead.
What was clear to them as they gathered for a regularly scheduled...
| Feb 21, 2014
| 10:30 AM
Detroit hopes to emerge from bankruptcy this year in part by significantly cutting city workers' pensions and payments to bondholders, according to a blueprint filed Friday to restructure the city's $18-billion debt.
Detroit is to invest $1.5 billion...
| Feb 20, 2014
| 12:33 PM
A former money manager to the stars who went to prison in 2001 for stealing from his clients has been charged in a new fraud case.
Prosecutors in New York say Dana Giacchetto used someone else's credit card to make more than $10,000 worth of...