Christopher Thornberg News
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California, which sent a delegation to Austin last year to find out how the Lone Star State had beat it in employment growth, surged ahead of Texas to lead the nation in job creation for the last two consecutive months.
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Governor Jerry Brown’s forecast for a swelling California deficit shouldn’t come as a shock, as he balanced his budget by relying on optimistic revenue estimates, according to Christopher Thornberg, an economist in Los Angeles.
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The U.S. Department of Justice may pursue claims against other lenders after suing Deutsche Bank AG for more than $1 billion, alleging the firm lied while arranging federal insurance on faulty mortgages.
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The U.S. Department of Justice may pursue claims against other lenders after suing Deutsche Bank AG for more than $1 billion, alleging the firm lied while arranging federal insurance on faulty mortgages.
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California lawmakers passed a budget brokered with Governor Jerry Brown that wagers the state’s recovering economy will bring in an extra $4 billion, after he ceded his plan for higher taxes that was blocked by Republicans.
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Officials in Sacramento, California, are furious that the owners of the Kings basketball franchise, the Maloof family, said they are backing out of a handshake deal in February to invest $73 million in a project to build a new arena downtown.
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Bank of America Corp., faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer.
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California faces “drastic” cuts to universities, schools and social programs if revenue continues to trail budget forecasts, the state controller said after July collections fell short by about 10 percent.
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Bank of America Corp. , battling demands for almost $13 billion of refunds from mortgage investors, reported that the fastest-growing group of claims involves loans to people with the best credit scores.
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California’s revenue in May exceeded Governor Arnold Schwarzenegger ’s estimate by $592 million, or 9.8 percent, according to state Controller John Chiang .
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