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Blog Profile / Money & Co

Filed Under:Business & Finance
Posts on Regator:11616
Posts / Week:33.5
Archived Since:March 9, 2008

Blog Post Archive

Consumer spending drops in September as income growth slows

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.

U.S. economy shows solid growth, but it's about to be tested

The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.

Judge is due to rule on whether to force Stockton to slash pensions

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.

U.S. economy grows at solid 3.5% rate in third quarter

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.

Obama administration rules target for-profit colleges

The Obama administration on Thursday will publish new regulations intended to target for-profit career colleges that leave students with debts they cannot repay.

Garcetti says housing shortage, minimum wage linked in Los Angeles

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.

Garcetti: Build 100K new homes in Los Angeles by 2021

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 votes to end bond-buying stimulus program

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.

Hoover poll shows support for health insurance rate regulation

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 unexpectedly drop for 2nd straight month

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.

Home prices flat in Southern California, Case-Shiller Index says

A key measure of home prices out Tuesday suggests the California housing recovery has stalled, at least for now.

Yes on Proposition 45 going to the airwaves

With just over a week until election day, backers of Proposition 45, the health insurance rate regulation initiative, are finally putting ads on television.

Mortgage rates sink; 30-year averages 3.92%, Freddie Mac says

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.

Jobless claims jump, but one-month average lowest since 2000

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.

Strong growth is forecast for Inland Empire

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.

Amid ballot fight, state insurance commissioner rips Anthem rate hike

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 remains tame as consumer prices edge up just 0.1%

Inflation remained in check last month with consumer prices edging up only slightly as low gasoline costs offset higher grocery store bills.

Regulator unveils plan to spur lending by Fannie, Freddie

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.

Study: Medical costs up to 20% higher with hospital-owned physician groups

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.

Health insurers boost No on 45 funding

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.

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