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Villaraigosa tells L.A. council that layoffs are only way to avoid 'financial tailspin'
L.A. NOWMayor Antonio Villaraigosa on Tuesday made a rare address to the City Council to urge quick action on proposals to lay off workers and cut departments, warning any delay could force the city into a âfinancial tailspin.â The mayor, greeted...... -
If Greece gets a debt guarantee, give California some credit
Money & CompanyOnce again, California looks like a trendsetter. The speculation in Europe on Tuesday was that the European Union, led by Germany, soon will offer to guarantee Greeceâs government debt to allay investorsâ concerns that the cash-strapped country... -
Wall Street firm lowers L.A.'s financial outlook from 'stable' to 'negative'
L.A. NOWOne of the nationâs top financial credit services Wednesday issued a negative outlook for Los Angeles, which is struggling with a $212-million budget gap. The move could lead to a lower credit rating for the city and ultimately increase Los...... -
L.A. council agrees to 3,000 more job cuts by July 1
L.A. NOWUnder the threat of a credit rating downgrade, the Los Angeles City Council on Thursday instructed agency heads to eliminate 3,000 additional city jobs âby any means necessary, including layoffsâ by July 1. The reduction â aimed in part a...... -
Big bond deals ahead: California plans $4 billion in muni sales
Money & CompanyWith investorsâ appetite for municipal bonds ravenous again, California plans to dive into the market in March to borrow as much as $4 billion to fund infrastructure projects. Treasurer Bill Lockyer is betting that changes the Legislature is expected... -
California to launch $2-billion muni bond sale Tuesday
Money & CompanyCalifornia, still the state with the weakest credit rating in the Union, is hoping individual investors will see opportunity in trouble as Treasurer Bill Lockyer tries to sell $2 billion in tax-free general obligation bonds this week. As he has...... -
Wall Street Roundup: U.S. credit rating in doubt. Industrial production up.
Money & CompanyMarkets open down. Stocks fell after the opening bell. The Dow Jones Industrial Average dropped more than 20 points before beginning an upward move. Industrial production up. Industrial production unexpectedly rose 0.1% in February from a month earlier,... -
Foreign buyers help boost California bond sale
Money & CompanyCalifornia on Thursday wrapped up its sale of $3.4 billion in mostly long-term bonds to fund voter-approved infrastructure projects, helped by robust demand from yield-hungry overseas investors. Foreign institutions put in orders for $1.2 billion of the... -
L.A. financial crisis causes Wall Street firm to reassess utility's bond rating
L.A. NOWOne of the nationâs top bond rating agencies Monday announced it would reassess its bond rating of the Los Angeles Department of Water and Power, a move that Mayor Antonio Villaraigosa blamed on the City Council's failure to approve electricity...... -
L.A.'s bond rating is cut as fiscal fight escalates
Money & CompanyAmid the high-stakes financial battle at City Hall, credit rating firm Moodyâs Investors Service lowered Los Angelesâ bond rating effective Wednesday -- and warned that the city risks further downgrades. Moodyâs cut L.A.âs general-obligation... -
CalPERS appears to be a willing victim
Students of the fine art of pointing fingers know that the key thing is to not make yourself look like an idiot in the process.
By that standard, the California Public Employees’ Retirement System just flunked.
In a lawsuit filed this month in...Tags: JPMorgan Chase & Co., Trials, Public Employees, Wages and Pensions, Career and Workplace
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Still clueless about credit scores? You are not alone
United Feature SyndicateWASHINGTON — What's the score with credit scores? Most people don't have a clue, according to the second annual survey commissioned by the Consumer Federation of America and credit card company Providian Financial. And that can be costly,...Tags: Opinion Research Corporation, Economy, Business and Finance, Companies and Corporations, Business, Mortgages
Feb 9, 2010
| Los Angeles Times
Feb 9, 2010
| Los Angeles Times
Feb 17, 2010
| Los Angeles Times
Feb 18, 2010
| Los Angeles Times
Feb 20, 2010
| Los Angeles Times
Mar 8, 2010
| Los Angeles Times
Mar 15, 2010
| Los Angeles Times
Mar 25, 2010
| Los Angeles Times
Apr 5, 2010
| Los Angeles Times
Apr 7, 2010
| Los Angeles Times
Jul 27, 2009
|Column| Los Angeles Times
Oct 16, 2005
|Story| Los Angeles Times
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