| Sep 13, 2012
| 10:46 AM
The stock market is getting a lift Thursday thanks to the Federal Reserve's latest attempt to spur the economy.
The Dow Jones industrial average was up more than 150 points by late morning Pacific time, with most of the gain coming immediately after...
| Jan 15, 2013
| 4:20 PM
You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece?
Stop worrying. The bigger concern should be that America will look like Argentina.
That could happen, theoretically, if the...
| Jan 17, 2013
Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Wednesday. He was 87.
Citron died at St. Joseph Hospital in Orange...
| Jul 19, 2011
Answering questions about the debt-ceiling talks and what could happen if both sides fail to reach an agreement:
What is the federal debt ceiling?
In 1917, as the U.S. entered World War I, Congress authorized the Treasury to issue long-term bonds to...
| Nov 21, 2011
Ted Forstmann, a longtime Wall Street financier and philanthropist who was a major player during the wave of corporate takeovers in the 1980s, including the battle for RJR Nabisco in 1988, died Sunday. He was 71.
The cause was brain cancer, according...
| Dec 29, 2010
Alfred E. Kahn, who presided over the historic deregulation of the U.S. airline industry during President Carter's administration, paving the way for JetBlue and other low-cost carriers, died Monday. He was 93.
Kahn, an economics professor at Cornell...
| Mar 9, 2012
| 4:40 AM
More than 85% of private holders of Greek debt agree to participate in a bond-swap scheme to relieve Athens' staggering load of public debt. The deal will allow Greece to secure a second international bailout and avoid imminent default....
| Oct 13, 2011
| 4:34 PM
California will sell $2 billion in bonds next week, and the state probably will have to pay significantly more to borrow than it did three weeks ago. That may lure more yield-hungry individual investors to the securities. Treasurer Bill Lockyer......
| Oct 17, 2011
| 4:34 PM
California launches $1.8 billion muni bond sale, offering higher yields than what it paid at a sale less than a month ago....
| Oct 17, 2011
| 9:34 PM
Individual investors on Monday placed orders for about 14% of a $1.8-billion sale of tax-free bonds by California, a relatively low turnout for a state debt sale. Treasurer Bill Lockyer said the state’s brokerage network took in $250 million in........
| Oct 18, 2011
| 9:35 PM
California tax-free bond sale sees light demand from individual investors. Yields just not high enough?...