Talks between Chrysler LLC’s lenders and the Treasury Department to reduce the automaker’s $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday. Chrysler’s fate was in…
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AP Source: Chrysler lender talks break off
A former minister and music teacher has pleaded guilty to molesting three boys at churches in San Diego and Riverside counties. San Diego County prosecutors say 47-year-old Jimmie Robinson Jr. of Los Angeles pleaded guilty in Superior Court to three felony…
If the government takes a majority stake in General Motors, will it end up taking the wheel, too? Under a restructuring plan put forth this week by GM, the ailing automaker would give majority ownership to the federal government to stave off bankruptcy. That…
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Will GM become `Government Motors’?
DETROIT/WASHINGTON (Reuters) – Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline.
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Chrysler talks seen on the rocks as deadline looms
HONG KONG (Reuters) – World stocks struck a four-month peak on Thursday, powered by gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
Organizers say several large Cinco de Mayo festivals in the West won’t be affected by worries over swine flu, despite a similar event being canceled in Chicago. Martha Ceja of MCG Entertainment said Wednesday that Los Angeles residents aren’t so worried that…
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Cinco de Mayo festivals unaffected by swine flu
Beijing has temporarily averted a trade clash with Washington by scaling back a demand for foreign suppliers of computer security technology to disclose how their products work. Such a disclosure will no longer be required for commercial sales but the rule…
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China scales back IT disclosure demands
A $100,000 reward is being offered by the Los Angeles City Council in hopes of catching the people responsible for five attacks on University of California, Los Angeles researchers. The reward brings the total offered to $500,000 by the UCLA police…
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Reward for info in UCLA attacks increased
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Does Your 529 Plan Make the Grade?
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Social Gaming Scores in the Recession
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AT&T’s iPhone Dilemma
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College Savings: Check Under the Hood of 529 Plans
Members of the United Auto Workers have overwhelmingly ratified a settlement deal with Chrysler on Wednesday night. The UAW says 82 percent of production workers and 80 percent of skilled-trades workers voted for the agreement in balloting that took place at…
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UAW overwhelmingly ratifies Chrysler settlement
A Kentucky man who claimed to have a bomb aboard a Los Angeles-bound airliner has pleaded no contest and will serve jail time. Prosecutors say Lawrence Johnson entered pleas Wednesday in Superior Court to falsely reporting he had a bomb and damaging an…
Analysts calculating a revenue hole in Nevada’s budget have increased the figure by at least $300 million, bringing a total estimated shortfall to $3 billion or more if lawmakers wanted to maintain current government service levels over the next two fiscal…
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Nevada’s revenue shortfall grows