|Filed Under:||Business & Finance|
|Posts on Regator:||11606|
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|Archived Since:||March 9, 2008|
With just over a week until election day, backers of Proposition 45, the health insurance rate regulation initiative, are finally putting ads on television.
The lowest mortgage rates of the year sank a bit lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed loans at an average of 3.92%, down from 3.97% a week ago.
Initial claims for jobless benefits jumped last week from a post-Great Recession low, but the average over the past four weeks was the lowest since 2000 for the volatile but closely watched barometer of the labor market.
It was among the nation's hardest-hit local economies during the Great Recession, beset by staggering numbers of foreclosures and one of the highest jobless rates in California.
In the final days of a battle over Proposition 45, California's insurance commissioner criticized Anthem Blue Cross for an "excessive" rate hike affecting 120,000 people with small-business health coverage.
Inflation remained in check last month with consumer prices edging up only slightly as low gasoline costs offset higher grocery store bills.
Seeking to reassure home lenders, the government's top overseer for Fannie Mae and Freddie Mac said the mortgage finance giants would ease their demands to be compensated for certain soured loans.
Raising fresh questions about healthcare consolidation, a new study shows hospital ownership of physician groups in California led to 10% to 20% higher costs overall.
California insurers have pumped more than $12 million over the last five days into a campaign to defeat Proposition 45, an initiative on the Nov. 4 ballot that would regulate health insurance rates.
With cyber crime taking on new urgency, the Department of Justice announced Tuesday new efforts to combat economic spies who hack into U.S. companies' computer systems, including installing a cyber specialist in each of the 93 U.S. attorneys' offices around the nation.
California's health insurance exchange is canceling Obamacare coverage for 10,474 people who failed to prove their citizenship or legal residency in the U.S.
Prime Healthcare Services Inc. has reached a deal to acquire six California hospitals, including St. Vincent and St. Francis medical centers in Los Angeles County, despite strong opposition from organized labor and many politicians statewide.
Michael Peevey, the controversial and embattled president of the California Public Utilities Commission, announced Thursday that he would not seek reappointment as head of the powerful regulatory body.
Average weekly unemployment claims over the last month hit an eight-year low, the government reported, in another positive sign for the labor market recovery.
The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Obama's six-year span in office, a new report said Wednesday.
Los Angeles County will finally regain the number of jobs it lost during the Great Recession next year, with Orange County and the Inland Empire expected to follow soon after, a new study projects.
The account by former Federal Reserve Chairman Ben Bernanke of how he couldn't refinance his Washington townhouse seemed the perfect example of mortgage lending standards that many complain are too tight.
The International Monetary Fund on Tuesday slightly downgraded its forecast for the world economy despite mounting signs the U.S. is "leaving the financial crisis behind and achieving decent growth."
Renters, get ready to pay a little more.
California’s political watchdog agency will consider quadrupling a fine against newly reelected CalPERS board Vice President Priya Mathur for failing to file timely campaign finance reports for 2012 and 2013.