Blog Profile / Money & Co

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Archived Since:March 9, 2008

Blog Post Archive

Heritage Provider Network teams up with hospital chain Trinity Health

Southern California-based Heritage Provider Network is forming a joint venture with the nation's second-largest nonprofit hospital system to better coordinate patient care across much of the country.

U.S. adds 252,000 jobs in December; unemployment rate drops to 5.6%

Ignoring the economic troubles in the rest of the world, the U.S. added another large batch of new jobs in December to conclude its best year of hiring since 1999.

Founders Fund invests millions in cannabis venture Privateer Holdings

The nation’s burgeoning legal cannabis industry now has a major tech player on its side.

Federal mediator to help resolve West Coast port contract dispute

West Coast dockworkers and their shipping line employers have agreed to federal mediation to help resolve a contract dispute that has been partly blamed for severe congestion at ports in Los Angeles and Long Beach.

Already-strong dollar hits a 9-year high

The dollar is still king at the start of 2015, hitting a nine-year peak as the U.S. economy continues to improve while other nations struggle.

California's high housing costs drive out poor, middle-income workers

California's high cost of living has pushed hundreds of thousands of low- and middle-income workers to other states, federal data show.

California gas prices likely to stay low in 2015

California gasoline prices closed 2014 at the lowest level in more than five years, mirroring a free fall in crude oil prices that shows few signs of stopping soon.

Mortgage rates defy experts to close year below 4%, Freddie Mac says

Closing out a year of surprisingly low mortgage interest rates, the average rate for a conventional 30-year home loan was 3.87% this week, Freddie Mac said, up slightly from 3.83% a week ago.

Initial jobless claims fall to 280,000 in sign of strong labor market

Initial jobless claims fell last week to 280,000, continuing the positive momentum for the labor market as the year ends, the Labor Department said Wednesday.

U.S. growth is strongest in a decade

The U.S. is rolling into the new year with impressive strength as plunging oil prices have ignited consumer spending and helped fuel the best stretch of growth in more than a decade — even as economies around the world are strugglin...

Commissioner Michael Picker named president of PUC

Gov. Jerry Brown moved to limit fallout from a growing scandal at the Public Utilities Commission by naming his former renewable energy advisor Michael Picker as the new president of the powerful regulatory agency.

Consumer spending jumps in November as incomes rise

Consumer spending jumped last month as Americans' incomes continued to rise, the Commerce Department said Tuesday.

Economy grew at 5% annual rate in third quarter, best since 2003

The U.S economy grew at its fastest pace in more than a decade during the third quarter, a significant increase over earlier estimates that was triggered by stronger consumer spending, the Commerce Department said Tuesday.

Community groups, workers urge El Super boycott amid health complaints

Community organizers and El Super workers -- already pushing for labor concessions from the Paramount-based grocery store chain -- are calling for a boycott of the company amid allegations of health code violations.

Gilead shares plunge after Express Scripts spurns its $1,000 hepatitis C pill

Gilead Sciences Inc., already under fire for the high costs of its hepatitis C drugs, took another hit Monday when the nation's largest manager of pharmacy benefits struck an exclusive deal with a rival drugmaker.

Poll finds most optimism about quality jobs since before recession

In another positive sign for the labor market, Americans this month showed the most optimism about the availability of quality jobs than at any time since the start of the Great Recession, according to a Gallup poll released Monday.

California adds 90,100 jobs in November

Capping off three years of strong job growth, California employers added another 90,100 positions in November — one of the largest monthly hiring spurts in two decades.

Regulators designate MetLife for high-risk financial oversight

Federal regulators Friday designated MetLife Inc. for special oversight, saying the insurer is so big that its failure or other major problems would pose a threat to the U.S. financial system.

Warehouse workers sue for unpaid wages at Port of L.A.

A group of warehouse workers at the Port of Los Angeles has filed suit against a major distribution company, claiming that they have been underpaid and subjected to harsh working conditions.

New Obamacare enrollments in California top 144,000

California's health insurance exchange said 144,178 people have newly enrolled in Obamacare coverage during the first month of sign ups.

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