In a rare act of fiscal responsibility, the California Assembly voted 73-0 earlier this month to place stricter limits on a high-yield, long-term bond that was used primarily by desperate local school districts.
The California Public Employees’ Retirement System reached a market value of $260.8 billion in assets, surpassing the high set before the global financial crisis wiped out more than a third of its wealth.
A California proposal to regulate the chemicals used by oil companies in hydraulic fracturing is stirring a battle over industry assertions of trade secrets protection and environmentalist calls for disclosure to shield public health.
Los Angeles Lakers assistant coach Eddie Jordan is moving to Rutgers University to succeed Mike Rice, who was fired as the school’s men’s basketball coach after video showed him physically and verbally abusing players.
Thomson Reuters Corp. fired Matthew Keys as a social-media editor, a month after he was accused by federal prosecutors of conspiring with the hacker group Anonymous to break into a Tribune Co.-owned website.