The long-awaited agreement relies on $7.5-billion in spending cuts, along with delaying a corporate tax deduction.

It's worth noting that 9.5 million people received jobless benefits in 2008, so we're talking about an teeny tiny percentage.

Senate President Pro Tem Darrell Steinberg wrote in an email to colleagues last night that he was "smiling."

It's one of the highest-profile investments by TPG, and it gives Creative Artists Agency a chance to expand into new ventures.

A single large sale touched off the truly scary 600-point plunge in the Dow back in May,

The notion of obscure government entities pairing public money with private developers should send shivers down any taxpayer's spine.

WSJ survey of metro areas around the nation comes up with interesting numbers, though as with all such indexes, there are some obvious flaws.

TARP may turn profit, no more money for stimulus jobs, mortgage modification marathon, and United, Continental close deal.

The billionaire investor has been buying up big chunks of MGM debt to help his cause.

She's actually having to deal with a story that has no pre-packaged sound bites or policy positions - and she's stumbling.

The jobs recovery is roughly on par with the 1991 downturn, which took several years correct itself.

The Dow slipped 47 points today, but for the month the index jumped 7.7 percent, the best September since 1939.

In assessing the merger of Ticketmaster and Live Nation for Los Angeles magazine last year, I wrote that "ego and testosterone will only get you so far." So now it appears as if the egos are screaming at each other. The Wrap's Sharon Waxman picked up some juicy tidbits from Monday's board meeting that concluded with Barry Diller announcing that he would step down as chairman of the Bev Hills-based concert/ticketing company. The meeting devolved...

Billionaire Richard Branson says no, that they're just more fortunate than everybody else. But studies on the subject suggest otherwise.

It's the grudging acceptance of Internet advertising that, in many ways, has been far more intrusive than anything the Times can dream up.

The governor and Democratic leaders have gotten bogged down on pension reform, and talks appear to have been put on hold.

Long odds of finding work in L.A., Chase suspends foreclosures, Mattel's Fisher-Price recalls toys, and USC, UCLA among the nation's best executive MBA programs.

In the governor's race, it's Jerry Brown over Meg Whitman 52-43 percent among likely voters.

Report finds that for a bunch of California cities the jobless rate actually fell in August from July.

Census Bureau has 1.6-million county residents below the poverty threshold, which is $10,956 for a single person and $21,954 for a family of four.

Pimco's Bill Gross says that those paltry investment returns will be with us for quite a while.

CEOs are gloomy, CA budget talks stall, Diller to step down as chairman of Live Nation, and Sherman Oaks Ponzi suspect arrested in France.

The millionaire populations and millionaire densities of Hawaii, Maryland, New Jersey, California and New York increased in 2010 from 2009.

Locations in Encino and Calabasas are expected to be shuttered by the end of the year.

My business chat looks at this morning's shareholder vote at Barnes & Noble and the lack of many new names to this year's Forbes 400.

The lawyers will be having a field day in the Federal Trade Commission complaint against the makers of the popular pomegranate juice.

The former Labor Secretary and author of "Aftershock" will be in conversation with Marketplace's Kai Ryssdal tomorrow night at the Colburn School.

As of 8 a.m., the DWP says that 15,000 of its 1.4 million customers are without power.

L.A. home prices edge higher, widening gap between rich and poor, more progress on budget talks, and Northrop outlines jobs cuts.

The big bookseller has fended off a proxy challenge by the L.A. billionaire at this morning's shareholders meeting.

Gov. Arnold Schwarzenegger says that the Legislature might vote on a state budget within the next week or so.

All kinds of records being set. This shapes up to be the hottest day in more than 20 years.

At least 500 local employees will be losing their jobs by the end of the year as the aerospace giant prepares to move its headquarters.

Federal regulators accuse the makers of POM Wonderful Pomegranate Juice of making false claims.

The former Labor Secretary and author of "Aftershock" will be in conversation with Marketplace's Kai Ryssdal on Sept. 29 at the Colburn School.

It's 101 degrees downtown, several degrees warmer than the readings in Burbank and Van Nuys, according to the National Weather Service.

The city of Santa Clarita hired an outside company to operate its three libraries, and lots of folks are not happy about it.

Southwest buys AirTran, Stanley Chais dies, arrest in Donald Bren scam, and city shelves streamlining plan.