Walk down the street in New York and you're virtually guaranteed to see several millionaires.
Botox maker Allergan Inc. said Monday that it will cut 1,500 employees, most of them in Southern California, in a cost-cutting effort the Irvine company hopes will help it fight off a hostile takeover bid by a Canadian rival.
Salaries for recent college graduates have risen at less than half the pace for all U.S. workers since the recession, an analysis by the Federal Reserve Bank of San Francisco found.
President Obama and his wife, Michelle, could be the owners of a home in Rancho Mirage listed at $4.25 million before the month is out.
Wall Street ignores longtime critic's latest salvo against L.A. supplements maker.
Caltech has received an eight-year, $24-million grant from the W.M. Keck Foundation to establish a space studies institute dedicated to developing a new generation of space missions and research. The W.M. Keck Institute for Space Studies will consider such sweeping questions as how the universe began, its ultimate fate and the likelihood that life exists elsewhere in the cosmos, Caltech said Tuesday. Each year, the institute will adopt one or more of these themes and explore them through symposiums, in-depth research and the development of new technologies for future space missions in conjunction with the Jet Propulsion Laboratory, which the university manages for NASA. "Over the...