CNBC's Jane Wells reports the line for the first stand alone traditional Dunkin' Donuts store in 12 years in Southern California went down the block in the dark Tuesday morning.» Read More
California really is trying to get its act together, I think. The Los Angeles Times reports that a special commission hopes to reform lawmaking, since California lawmakers have been doing such a good job at it.
I'm at the Milken Institute State of the State Conference, and the state of the state in California isn't good. Pimco's Bill Gross refers to our way of managing money as "Doo Doo Economics".
I'm at the Milken Institute's State of the State Conference as a wide variety of voices tries to figure out how to get the Golden State back on track.
The nation's largest pension fund, the California Public Employees' Retirement System, said it is investigating fees paid to an outside manager that directed the fund's investments.
CalPers - the largest pension fund in the U.S. is recouping losses from the financial fallout with a strategy that's boosted assets by $40 billion since its January low.
With emissions rules looking inevitable, companies are taking steps to prepare for a number of different government scenarios.
California's finances are in worse shape than expected three months into the fiscal year. State Controller John Chiang says income is nearly $1.1 billion below the most recent budget estimates.
Autumn is upon us, but I see no fall off in candidates for our weekly look at finance's festering underbelly. Here's our list of nominees for The Call of Shame. Vote for your pick at the bottom. And feel free to leave a comment.
There’s a lot of interest in the California midterm elections because of two well-known business ladies, Meg Whitman (former-CEO of eBay) and Carly Fiorina (former-CEO of Hewlett-Packard).
Last night I had the pleasure of interviewing California gubernatorial candidate and former eBay CEO, Meg Whitman, on her plans to rescue the moribund Golden Sate.
The state is broke. The hills are on fire. There's no water. Michael Jackson is about to be buried, and there's the horror of Jaycee Lee Dugard's captivity. California's doesn't have much to be proud of lately. The state went into recession first with a collapsing housing market and rising unemployment. Any positive news, any, is embraced as a sign of hope that the worst is over. Well, the following news is quite positive.
The decision came after meetings among state officials. They needed to review California's cash flow and assess investors' appetite for buying California bonds.
Three weeks after reaching a budget deal, California is still short on money. It's still issuing IOUs. The State Controllers Office says that from July 2 through August 7, $1,862,358,782.85 in so-called "registered warrants" have been issued by California in lieu of cash. Of that amount, $369 million has been sent out in August.
Stocks opened lower Wednesday after a report showed a much sharper drop in durable-goods orders than expected. And a sharp selloff in China dragged on oil prices, which also weighed on the market. Mortgage applications also fell for the first time in four weeks. Read and listen to what the pros had to say...
"There's a lot of action if you're in the right price range," says Re/Max realtor Billy Wynn, who sells home in LA's San Fernando Valley.
Gov. Arnold Schwarzenegger on Tuesday is expected to use his line-item veto power to make additional cuts to California's latest spending plan—a move advocates fear could further hurt the poor.
More signs of the times we live in. Attached is an image CNBC producer Jeff Daniels snapped near the 710 Freeway in Los Angeles.
Years of state and federal neglect have hobbled the nation’s unemployment system just as a brutal recession has doubled the number of jobless Americans seeking aid, the New York Times reported.
Governor Arnold Schwarzenegger will hold a "garage sale" next month to sell off state cars and office supplies to raise money for California. The Governor has been Tweeting about the August 28-29 sale, saying he plans to list items on eBay and Craigslist.
The deal to close California's $26 billion budget deficit included a plan to drill for offshore oil, drawing allegations that the fiscal crisis was used for a backroom deal following rejection of the idea by state regulators earlier this year.