Some house offers continue to beat asking prices - and a lot of the action is in Socal. Why? Bargain foreclosures and sought-after neighborhoods.

The Assembly rejected a proposal to take $1 billion in transportation funding from local governments. Also turned down was allowing oil drilling off the coast.

It's looking as if circulation revenue will pass ad revenue for the first time. At the OC Register, classifieds are starting to look up.

Director Kevin Smith says of the masses attending this year's conclave in San Diego: "You just have to be glad that these folks aren't organized."

CA Senate passes budget plan, 7-Elevens sprouting all over L.A., Denny's sued over salt, and OC payrolls shrink.

Whether the WSJ.com's online model can be adapted for general news sites has been a long-running question in journalism circles.

CA Controller John Chiang doesn't know if the state will have enough cash to repay those IOUs when they become redeemable on Oct. 2.

The state's budget proposal is actually made up of 28 separate bills, many of which have not been gone over by lawmakers and some of which barely have been written.

CA budget vote tonight, big drop in location shooting, LAX traffic falls, and Disney considers paid site.

The new field is in Kern County and could contain 150 to 250 million barrels of oil and gas - the largest new oil and gas discovery made in California in more than 35 years.

L.A. County is not in the top 10. Actually, it's fairly far down the list, with an average weekly wage in the fourth quarter of $1,075.

California saw a slight drop in foreclosure proceedings during the April-June quarter compared with the prior three months, but the numbers remain higher than last year.

The numbers, however, are relatively unchanged - perhaps surprising for a state that supposedly is on the brink of collapse.

More opposition to budget deal, grim economic forecast for L.A., shortfall in Long Beach, and East West Bank raising money.

As expected, September ad pages are looking pretty bleak - and September is typically the fattest month of the year.

With unemployment likely to remain in the double-digit range well into next year (perhaps even into 2011), it wouldn't take much to upend any meager expansion.

They say they'll go to court if state lawmakers pursue plans to seize local redevelopment and highway taxes to cover the budget deficit.

California's giant pension fund saw its value fall by $56 billion from the previous fiscal year. Real estate took a huge hit.

Well, lots - a still-sour economy, a dysfunctional state government, and enough accounting tricks to impress Bernie Madoff.

Bernanke says economy show signs of stabilizing, CA lawmakers consider budget package, and Lennar buys into Newhall (again).

As expected, poor people, old people and school-age people will be hardest hit. The agreement could go before the full legislature later this week.

Dr. Doom tells CNBC that the economy is no longer in freefall (that's the good news), but that the recovery is going to be "very ugly."

Owners of the 400-room Dana Point property have been negotiating for weeks with mezzanine lender Citigroup, but they apparently couldn't come to terms.

Several lawmakers say they're confident that a deal can be reached later today and voted on by both houses of the legislature by Thursday.

They're offering to help modify the bum mortgages that they worked on in the first place - and they're pretty upfront about it.

Closing in on budget deal, studios go after Jackson film, more troubles commercial real estate, and VC's reluctant to invest.