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California's housing market finishes 2012 on a high note
California’s median home price struck a four-year high for a December, indicating housing will probably continue to mend in the new year. The statewide median popped 21.5% from December 2011 to hit $299,000, real estate research firm DataQuick...
Tags: Homes, Services and Shopping, Real Estate, Foreclosures
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Moody's says 'fiscal cliff' deal doesn't end credit downgrade risk
This post has been updated. See notes below.WASHINGTON -- Moody's Investors Service warned Wednesday that the "fiscal cliff" tax deal was not enough to remove the risk of a downgrade of the U.S. credit rating. The company, one of three major credit rating firms, said the deal approved Tuesday...Tags: Moody's Corporation, Minor League Baseball, U.S. Department of the Treasury, Credit and Debt, George W. Bush
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T-Mobile to ditch phone subsidies, go after AT&T in 2013
Besides the announcement of an Apple deal, T-Mobile USA CEO John Legere announced an aggressive 2013 plan for the Seattle-based carrier that includes scrapping phone subsidies and going after AT&T's customers. Speaking at an investor conference in...
Tags: Deutsche Telekom AG, Computer Hardware, Apple iPhone, New Products, T-Mobile
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Investors say U.S. fiscal woes pose biggest risk to global economy
WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday. More than a third of...
Tags: Federal Reserve, Elections, Mario Draghi, European Central Bank, European Union
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Warren Buffett says tax hikes won't stop wealthy from investing
WASHINGTON -- Billionaire Warren Buffett said raising taxes on the wealthy won't stop them from investing and called on policymakers to boost rates for income over about $500,000. Buffett has been a staunch ally of President Obama on boosting taxes on...
Tags: Personal Income, Barack Obama, Democratic Party, Republican Party, Warren Buffett
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DreamWorks Animation shares fall after 'Rise of the Guardians' poor debut
Shares of DreamWorks Animation took a hit in the wake of a poor box office debut for "Rise of the Guardians." DreamWorks' stock fell as much as 5.8% on Monday after some analysts warned that the Glendale-based studio could be forced to take a...
Tags: Skyfall (movie), Rise of the Guardians (movie), Twentieth Century Fox Film Corp., Kung Fu Panda (movie), DreamWorks Animation SKG Incorporated
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Fitch warns that debt-limit delay could hurt U.S. credit rating
WASHINGTON — A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. Republicans want major government spending cuts in exchange for a debt-limit...
Tags: Federal Reserve, U.S. Department of the Treasury, Moody's Corporation, Minor League Baseball, Credit and Debt
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Freddie Mac: 30-year mortgage rate hits 3.4%, highest in 8 weeks
With employment improving and the fiscal cliff averted, fixed mortgage rates have jumped to their highest level in two months, with lenders offering the 30-year home loan at 3.4% this week, up from 3.34% last week, according to Freddie Mac. The...
Tags: Bonds, Barack Obama, Securities, Financial and Business Services, Financial Markets
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Bond-rating agency sees fork in road for California finances
PolitiCalA leading bond-rating agency outlined on Friday a stark choice for California voters -- approve higher taxes for a "striking improvement" in state finances, or reject them and send the state back into the red. The analysis from Standard &...... -
Your bill for California's debt: $2,559
PolitiCalThe golden rule in state government used to be that if more than 6% of the budget was being consumed by paying back bonds and other debt, there was too much borrowing going on. It’s been some time since California...... -
City of Santa Clarita gets AAA credit rating
L.A. NOWSanta Clarita gets credit rating upgrade: At a time when many California cities are facing major fiscal shortfalls, and even bankruptcy, Santa Clarita’s credit rating has been upgraded to AAA status--the highest score a municipality can receive&#... -
Compton's bond rating suspended amid questions
L.A. NOWRating agency Standard & Poor's announced Wednesday that it has suspended its ratings on the city of Compton's bonds, as the city has yet to get an audit firm to sign off on its financial statements from last year. In......
Jan 16, 2013
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Nov 26, 2012
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Sep 14, 2012
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Oct 1, 2012
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Sep 7, 2012
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Sep 5, 2012
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