July 15, 2013 |
The nation's largest public pension fund, the California Public Employees' Retirement System, posted a 12.5% return on its investment portfolio in the fiscal year that ended June 30. The fund's assets stand at nearly $258 billion, according to Chief Investment Officer Joseph Dear, who reviewed the figures Monday at a meeting of the system's governing board. The gains were led by strong returns in the global public equity and real estate investments, officials announced Monday.
October 26, 2011 |
European brands are the least reliable vehicles sold in the U.S., according to rankings for the 2011 model year. So if these vehicles all perform so poorly in the reliability ratings, why do people continue to buy them, often paying the price of two cars for one vehicle? "Snob appeal," said David Champion Sr., director of Consumer Reports' Automotive Test Center in East Haddam, Conn. Champion, who drives hundreds of car models annually, concedes that many of these brands also share another quality.
September 10, 2013 |
On the cover of the Weeknd's new record, "Kiss Land," singer Abel Tesfaye stares back with his face cocked upward. For a guy who spent 2011 (the year of his three free online albums) hiding his identity from the media, it's a profound about-face. That look signals a new vulnerability for the Toronto experimental R&B singer on this remarkable album. He once hid behind a scrim of anonymous sex, drugs and emotional bleakness. But here's a young man fessing up to the pain that makes those dark nights so alluring.
April 8, 2011 |
As the countdown clock toward a deal to avert a federal shutdown neared zero, and for all the talk of reducing the size of government and scaling back federal spending, Democrats complained Friday that House Republicans were again fixated an age-old sticking point: Abortion. "Republicans want to shut down the government because they want to make it harder for women to obtain the health services they need," Sen. Harry Reid, the majority leader, said Friday on the Senate floor. At issue is a provision, known as Title X, that sends federal dollars to Planned Parenthood for family planning and health services such as cancer screenings.
October 9, 2010 |
If there is one thing that Chivas USA has learned in 2010, it is that the team needs to be better in 2011. Year-end awards, in other words, will be thin on the ground when the Major League Soccer regular season comes to a close in two weeks. Having failed to reach the playoffs for the first time in five years and having won only eight games, including Saturday night's 3-0 victory over Toronto FC in Carson, Chivas USA requires a substantial makeover. Part of that will come about naturally, with the departure, for instance, of U.S. national team defender Jonathan Bornstein, who is joining the UANL Tigres in Mexico, and the likely retirement of a player or two. The team features a trio of 30-somethings in all-star goalkeeper Zach Thornton, 36, and defenders Ante Jazic, 34, and Alex Zotinca, 33. Any or all of them might decide to call it a career.
January 27, 2012 |
There are still many billions of dollars to be made in the old oil patch, even with the world far more focused on alternative and renewable sources of energy. But the business of refining that oil into various fuels is still a hard way to make a buck. That's one of the lessons investors might draw from Chevron Corp.'s fourth-quarter earnings report, released Friday. The San Ramon, Calif.-based oil giant raked in a net profit of $5.12 billion, or $2.58 a share. But losses in its refinery business during the period meant its profit fell below both its 2010 fourth-quarter performance and Wall Street expectations.
October 11, 2012 |
Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government's last fiscal year, but they didn't spend much of it in a way that generated new jobs, analysts said. The Small Business Administration said companies in the region, which also covers Arizona, Nevada, Hawaii and Guam, borrowed $6.7 billion in loans guaranteed by the agency. Firms in Los Angeles, Ventura and Santa Barbara counties took out loans totaling $1.5 billion, which the SBA called a "robust" amount.
July 19, 2012 |
As pressure builds for Mitt Romney to release additional tax returns, a new poll suggests a majority of Americans agree that the Republican presidential candidate should disclose more about his financial history. A USA Today/Gallup poll conducted Wednesday night found that 54% of adults thought Romney should release more than the two years of returns he had already agreed to make public. Still, 42% of those surveyed said they did not expect the tax forms to reveal information that could damage Romney's campaign.
March 17, 2011 |
The Senate on Thursday approved a spending measure that keeps the federal government open for three more weeks, likely the final short-term resolution before Congress and the White House must agree on a final budget for the fiscal year. The vote was 87-13 to approve the bill, which brings to $10 billion the total amount cut from 2010 spending levels. Like the similar vote in the House on Tuesday, the legislation generated greater opposition from increasingly vocal conservative Republicans eager to see cuts on par with the $60-billion figure that the lower chamber approved last month.
March 31, 2011 |
Former House Speaker Newt Gingrich said Thursday that congressional Republicans should hold out for the $61 billion in budget cuts in their House-passed bill rather than compromise with Democrats on fewer reductions for the rest of the 2011 fiscal year. Ever the party strategist, the presumed GOP presidential hopeful said Republicans should use the days leading up to next week's possible federal government shutdown to target Democrats for opposing such reductions. The Senate, controlled by Democrats, rejected the House bill.