|Filed Under:||Business & Finance|
|Posts on Regator:||11616|
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|Archived Since:||March 9, 2008|
Americans unexpectedly opened their wallets less in September, with spending posting its first drop in eight months as income growth slowed, the Commerce Department said Friday.
The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.
A federal judge is expected to rule Thursday on the city of Stockton's bankruptcy-recovery plan and whether the city should include slashing pensions for municipal workers among its cost-cutting moves.
The U.S. economy expanded at a solid pace in the third quarter, beating expectations and adding a little more momentum in the face of increased risks from slower global growth and heightened uncertainty in financial markets.
The Obama administration on Thursday will publish new regulations intended to target for-profit career colleges that leave students with debts they cannot repay.
The housing shortage in Los Angeles – possibly the most severe since the end of World War II – is linked to a low minimum wage and a host of other economic issues in the city, according to Mayor Eric Garcetti.
Calling the cost of housing one of Los Angeles’ biggest challenges, Mayor Eric Garcetti on Wednesday announced a goal for 100,000 new homes in the city by 2021.
Federal Reserve policymakers voted Wednesday to end the central bank's controversial bond-buying stimulus program, determining the economy is strong enough to remove the unprecedented support.
Proposition 45, a ballot measure that would regulate health insurance rates, is ahead, according to a new Internet poll by the Hoover Institution at Stanford University.
Durable goods orders, a key indicator of manufacturing activity, unexpectedly dropped in September for the second straight month in a potentially troubling sign for the U.S. economy.
A key measure of home prices out Tuesday suggests the California housing recovery has stalled, at least for now.
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.