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In another sign of the government's intense focus on illicit trading on Wall Street, the FBI early Friday arrested a longtime SAC Capital Advisors portfolio manager on insider-trading charges. Federal agents took Michael Steinberg into custody at his...
My aunt is in a nursing home. They tell us she isn't allowed to leave unless she gets the doctor's permission. If she does, she has to sign a statement saying she doesn't hold them liable and will lose all her healthcare coverage. She is on Medicare....
PolitiCalCalifornia does a poor job providing the public with access to government information but has a safeguard against corruption in aggressive auditors, good disclosure of lobbying activity and the way it redraws legislative districts, according to a survey...
Jon B. Lovelace, who led the Los Angeles-based American Funds mutual fund company as it became one of the country's largest money management firms, has died. He was 84. His family said Lovelace died of natural causes at his home in Santa Barbara on...
Pay for most prescription drugs, physician visits and medical equipment out of one's own pocket but have enormous medical expenses — say after an accident or surgery — covered by an insurance company. To many Americans, that seems like a...
Money & CompanyContinued strong investor demand for long-term Treasury securities pushed benchmark yields down on Monday to their lowest levels since spring. That may help put more downward pressure on mortgage rates, which tend to take their cues from Treasuries. The...
Money & CompanyIn Wall Streetâs horse race among stock sectors this year it wonât be a photo finish: Big-name technology shares are way out front and still gaining ground. Among the 10 major industry sectors in the Standard & Poorâs 500 index,......
Employers are beginning to send out information to employees about signing up for 2010 health insurance. Last week, we offered some strategies for maximizing coverage and possibly reducing costs. This week, we have a few more ideas to share. Most...
Los Angeles Times Staff Writer*This piece originally ran on A1 on Wednesday, October 22, 2008.* WellPoint Inc., the nation's largest health insurance company, ran into a snag last year while pursuing an important new business initiative. Federal banking regulators insisted on...
Times Staff WritersWASHINGTON — President Bush, in his new budget, wants to pare back many of the government safety nets that cushion the effect of illness and old age for millions of Americans, replacing them with arrangements the White House says assure greater...
Times Staff WritersJohn Fuchs was checking his 401(k) account online one afternoon when he saw something that seemed amiss. Listed along with his regular contributions was a $48 charge, in red. That's odd, he thought. Why would anyone be taking money out of his account?...
Times Staff WriterDespite recent statements that it planned several changes, the Bill & Melinda Gates Foundation will keep its current approach to investing its endowment, Patty Stonesifer, its chief executive, says. It would be naive, Stonesifer said in a letter...
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