| May 21, 2014
| 4:55 PM
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a...
| May 7, 2014
| 8:30 AM
My stomach sank when I read this headline: "Retirement Investors Flock Back to Stocks". The article began with a declaration that should invoke fear in every market observer: "Retirement investors are putting more money into stocks than they have since...
| May 27, 2014
| 10:13 PM
Los Angeles Clippers co-owner Shelly Sterling is mounting a hurried sale of the team that her husband, Donald, bought 33 years ago and could name a prospective new owner by the end of the week, according to people familiar with the situation.
| May 28, 2014
| 9:28 PM
An initial round of bidding for the Los Angeles Clippers closed Wednesday with at least three potential buyers making offers and predicting that the winner will pay well over $1 billion, according to three people involved in the sale.
| May 29, 2014
| 7:30 PM
Former Microsoft chief executive Steve Ballmer has won a frenetic bidding war for ownership of the Los Angeles Clippers, with a $2-billion offer that would set a record price for an NBA team.
Ballmer bid higher than competitors that included Los...
| Apr 17, 2014
| 2:19 PM
The bad news is piling up for Herbalife Ltd.
Illinois Atty. Gen. Lisa Madigan is investigating complaints that the Los Angeles weight-loss and nutrition company operates a pyramid scheme, Maura Possley, a spokeswoman for the attorney general, said...
| Apr 11, 2014
| 3:15 PM
Shares of Herbalife Ltd. suffered their biggest loss in more than a year Friday following a report that criminal authorities are investigating the Los Angeles nutritional products company.
The FBI has launched a criminal investigation of Herbalife and...
| May 5, 2014
| 9:49 AM
Banks are reviving some of the riskier lending practices that preceded the financial crisis, attracting attention as you might expect, although they say they're keeping a lid on things this time.
One trend is enabling homeowners to tap equity...
| May 20, 2014
| 6:30 PM
Unfortunately, when it comes to Internal Revenue Service publications, you can't always depend on what they say. In a recent ruling about individual retirement account (IRA) rollovers, a tax court judge commented, "Taxpayers rely on IRS guidance at...
| Apr 22, 2014
| 11:20 AM
Allergan Inc., the Irvine company that makes popular wrinkle treatment Botox, acknowledged Tuesday that it has received a buyout offer from Valeant Pharmaceuticals International Inc.
The company said the offer from the Canadian drug maker was...
| May 21, 2014
| 11:09 AM
Citadel, led by billionaire Ken Griffin, became the first international hedge fund to complete yuan fundraising from Chinese wealthy individuals and companies through a local unit.
Citadel (Shanghai) Foreign Investment won regulatory approval for...
| May 23, 2014
| 12:00 PM
Five years after the romantic drama "Last Chance Harvey," British filmmaker Joel Hopkins reteams with Emma Thompson for a caper set on the Côte d'Azur.
The writer-director's affection for characters in late middle age is clear, but it's not enough to...