| Jan 22, 2014
| 6:54 PM
A man convicted in the theft of millions of dollars of artwork from the Santa Monica home of a prominent bond trader has been sentenced to four years in prison.
Darren Agee Merager broke into the home of Jeffrey Gundlach — considered one of the...
| Jan 9, 2014
| 7:03 PM
FRANKFURT, Germany — The European Central Bank is ready to take "decisive action" using all available tools to spur the Eurozone's weak recovery, President Mario Draghi said Thursday.
Still, the ECB took no new steps at its monthly policy meeting,...
| Jan 5, 2014
| 5:00 AM
With interest rates set to rise, many on Wall Street are wondering if the municipal bond market is in for another pummeling as 2014 gets underway.
Investors couldn't get out fast enough last year. Bonds from states, cities and counties suffered their...
| Dec 31, 2013
| 6:26 AM
Stocks are moving higher on the last day of trading for 2013 as investors close out their portfolios and prepare for the New Year.
The Dow Jones industrial average rose 35 points, or 0.2%, to 16,537 in the first 10 minutes of trading Tuesday.
| Dec 18, 2013
| 5:52 PM
NEW YORK — The long-feared tapering of economic stimulus by the Federal Reserve powered the stock market to its latest record high as investors rejoiced at the prospect of stronger growth next year.
The Dow Jones industrial average catapulted...
| Dec 8, 2013
| 5:00 AM
Dear Liz: I will be inheriting around $300,000 over the next year. My instincts are to pay down debt with this money. I have two homes and for practical reasons need to keep them. One home has a $260,000 mortgage balance at 5%. The other has a $130,000...
| Nov 24, 2013
The half-cent sales tax approved by L.A. County voters in 2008 has already changed the landscape of Los Angeles.
The Orange Line busway extension to Chatsworth opened three years ahead of schedule. Construction is underway on two light-rail lines...
| Oct 23, 2013
| 2:40 PM
Detroit went into federal bankruptcy court on Monday hoping to prove what most people already know: It is poor and $18 billion in debt, its residents aren’t getting adequate municipal services and there is no real way to rebound without some sort of...
| Oct 30, 2013
Anticipating the Securities and Exchange Commission's actions can feel like waiting for Godot. The SEC has been sitting on a petition for a new rule requiring publicly traded companies to disclose to shareholders what corporate funds are spent on...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Oct 25, 2013
For months it was a matter of intense speculation: Who would President Obama nominate to chair the Federal Reserve? Now that he has named Janet Yellen, currently the Fed's vice chair and an exceptionally well-qualified candidate, maybe we can move on to...