| Aug 16, 2013
| 5:06 PM
SACRAMENTO — A Canadian power company will pay California electricity ratepayers $750 million to settle allegations that it bought electricity from the state and then sold it back at a huge markup during the energy crisis of 2000 and 2001.
| Aug 6, 2013
| 1:08 PM
Financial underwriters who want to do business with the County of Los Angeles must agree not to give political donations to school bond campaigns under new rules adopted this month by government finance officials.
Because Los Angeles County is by far...
| Jul 21, 2013
| 9:18 PM
Sinking money into real estate investment trusts is considered to be one of Wall Street's most complex investments.
Owning shares of REITs gives investors an opportunity to get investment exposure to real estate, including apartments, shopping centers...
| Jul 12, 2013
| 5:00 AM
On some days, Christopher Batsche can walk away with hundreds of dollars with a $2 buy in. But he's not heading to casinos and he isn't playing online poker.
Instead, the 27-year-old from Cincinnati goes to a website before the day's Major League...
| Apr 10, 2013
| 7:00 PM
It was the Starbucks sting.
The defining moment in the KPMG insider-trading scandal took place over coffee at a Starbucks in the San Fernando Valley, where the accountant at the center of the case was set up by his longtime friend.
| Feb 9, 2013
| 6:55 AM
You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...
| Oct 30, 2012
| 8:51 AM
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management.
The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
| Jul 2, 2012
| 4:38 AM
Marcus Agius, chairman of Barclays, one of Britain's biggest retail and investment banks, resigned after a week of turmoil in which Barclays and other leading banks were revealed to be involved in deceptively fixing the interest rate for interbank...
| Apr 27, 2012
| 4:27 PM
A former Securities and Exchange Commission official said greater disclosure of investment banks' highest-paid employees – aside from corporate officers – would not necessarily aid shareholders.
Lynn Turner, who was the SEC’s chief...
| Apr 2, 2012
| 4:34 PM
DirecTV and Tribune: In a complaint filed at the Federal Communications Commission, DirecTV accused Tribune of reneging on a deal that would have kept the latter's television stations on the satellite service....
| Mar 20, 2012
| 4:34 PM
OWN cuts staff and restructures. CAA-backed investment bank shoots and scores. Disney says it will lose $200 million on John Carter....