February 22 - February 28, 2009
Friday, Feb. 27
Whistleblower Harry Markopolos tells "60 Minutes" this Sunday that the agency has too many lawyers - and not enough financial sleuths.
A 120-point drop on Friday left the benchmark index at 7062 - down an astounding 937 points for the month, or 11.72 percent.
A $27 million retirement package for the CEO of homebuilder Ryland Group? What possible justification is there to receive so much money?
The really bad news is that a whopping 86,100 payroll jobs were lost from the previous month. L.A.'s economy just fell like a rock.
This morning's blood-letting at the L.A.-based powerhouse Latham & Watkins eclipses anything the legal industry has seen.
Economy falls further than first thought, local gas prices take small dip, L.A. hotels not as bad off as other cities, and Elie Wiesel on Madoff.
Thursday, Feb. 26
The Long Island newspaper Newsday will begin charging online readers, a strategy that has mostly failed for daily newspapers.
We're not talking Madoff or Stanford but the law firm of Irell & Manella, which was slammed by a federal judge for "ethical failures."
A Treasury Department report says they failed to catch the warning signs leading up to the collapse of the Pasadena-based thrift.
California had the largest number of mass-layoff cuts in January, but the percentage change from a year ago is much lower than the U.S.
GM loses big, B of A chief talks up Countrywide, Leno in the Writers Guild hot seat, and L.A. may be getting a film czar.
Wednesday, Feb. 25
The Treasury Department announced how it plans to measure the health of U.S. banks, the first step towards stabilizing the banking system.
The Times headquarters complex, better known as Times Mirror Square, was supposed to have helped generate income for Tribune Co.
Rumors about Murdoch interested in LAT, LAX and Ontario traffic fall, SEC probes OC lender, and Schwarzenegger backs jobless funding.
Tuesday, Feb. 24
The U.S. Treasury and Citigroup are close to an agreement that would give the federal government a 40 percent stake in the banking giant.
That's the threat anyway. The media giant says that "significant" cuts will be needed in order to meet near-term cost savings.
Shares of the major banks rose substantially. I’m not sure that’s a vote of confidence or simply a sigh of relief.
Former LAT executive says lip service was paid to digital media, and money and time was wasted on experiments and lots of talk.
Bernanke says recession will end this year, L.A. home prices keep falling, TV viewing at all-time high, and Ticketmaster settles complaint.
Monday, Feb. 23
Number cruncher Nate Silver got four Oscar picks right and two wrong. He suspects that his model relied on too much subjectivity.
The bottom won't be 7000-7500, but some level even lower. Maybe a lot lower. And the worst of it is that Obama’s crew really seems adrift.
Rupert Murdoch's right-hand man supposedly couldn't agree on contract terms. There's been speculation that he might want out.
U.S. could buy big stake in Citi, SAG turns down offer, angel investing slows in Socal, and Slumdog's huge return.
The OC-based bond giant has been hugely successful. The firm's flagship mutual fund earned 4.8 percent in 2008.
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
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