| Oct 14, 2012
The email from Moody's credit rating service that popped up on my computer screen boggled my mind: Glendale was among 40 California cities that were downgraded or are facing downgrades, but Los Angeles and San Francisco could get upgrades.
I'm an old...
| Oct 22, 2012
| 12:57 PM
Following weeks of closed-door meetings, the Burbank City Council on Tuesday unanimously appointed Santa Clarita City Manager Ken Pulskamp as Burbank's interim city manager.
He's slated to start on Dec. 3.
The announcement follows City Manager Mike...
| May 6, 2012
| 2:11 PM
PARIS (Reuters) - Socialist Francois Hollande swept to victory in France's presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity.
Hollande beat conservative incumbentNicolas...
| May 12, 2012
| 2:18 PM
NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for...
| Dec 11, 2012
| 6:17 AM
Washington -- It's crunch time for avoiding the fiscal cliff as President Barack Obama and House Speaker John Boehner and their aides hold private talks on issues that will impact every American.
Three weeks remain to cut a deal before the automatic...
| Aug 29, 2012
| 3:29 PM
Illinois’ credit rating was downgrade by Standard & Poor’s on Wednesday, a move that came after Gov. Pat Quinn has been unable to persuade lawmakers to cut costs in the state’s debt-ridden public employee pension system.
| Aug 30, 2012
| 9:55 PM
Starting with Jerry Brown in 1976, I've been to nine Democratic conventions and seven Republican conventions. And, for better or worse, there are some convention speeches I'll never forget. Ted Kennedy in 1980, promising "the dream shall never die." Pat...
| Jun 14, 2012
| 6:12 AM
Nokiasaid Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.
The company also warned that increased competition in the smartphone sector would hit its...
| Jun 15, 2012
| 8:15 AM
Nokia Corp., the Finnish phone maker already in a world of hurt, had its credit rating downgraded to junk status by Moody’s Investors Service on Friday.
The company's rating fell a notch to Ba1, from Baa3, and is now held at junk status by all...
| Jun 25, 2012
On May 18 we wrote that we appreciate how busy you and the other credit rating agencies are overseas, what with Europe gridlocked at the intersection of debt and social democracy. We offered to keep you posted on another basket case, the insolvent state...
| Sep 12, 2012
| 6:28 AM
Next year will be a pivotal one for the United States' credit standing.
Moody's said Tuesday it would likely strip the United States of its sterling AAA rating if lawmakers fail to produce a long-term debt reduction plan next year.
But if negotiations...
| Sep 24, 2012
| 1:10 PM
MetLife Inc. and General Electric Co. have tweaked the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate, a move MetLife said would change the regulator in charge of approving the deal.