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BUSINESS
May 1, 1990 | JAMES BATES, TIMES STAFF WRITER
What a difference two years makes. 1989 was a pretty good year for California banks, a pretty lousy year for savings and loans--a flip-flop from the way things were just two years ago. The reason is simple: New federal rules enacted last year have shaken up the savings and loan industry, by requiring thrift owners to put more of their own money at risk if they want to stay in business. Former high-flying thrifts are struggling to stay alive because of soured investments. In any event, banks stood out as clearly the top performers during 1989 in The Times 100 survey of return on average assets (ROA)
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OPINION
March 23, 2014
Re "Death doesn't end car lease obligation," Column, March 21 The widow in David Lazarus' piece on Toyota trying to recover money on a car lease after her husband died is likely not liable. She may have received her husband's assets, but she is not his estate. His estate is made up only of the assets in his name alone. FOR THE RECORD: Car lease: A March 23 letter to the editor on a widow's dealings with Toyota after her husband died misspelled writer Kevin Staker's surname as Staver.
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BUSINESS
March 29, 2013 | Liz Weston, Money Talk
Dear Liz: Could you advise us on how to protect our 93-year-old mother's assets if she should become ill or die? She does not have a living will or a trust regarding her two properties. Answer: "If" she should become ill or die? Your mother has been fortunate to have had a long life, presumably without becoming incapacitated, but her luck can't hold out forever. Your mother needs several legal documents to protect both herself and her assets. Perhaps the most important are powers of attorney for healthcare and for finances.
OPINION
March 9, 2014
Re "Top House Republican proposes tax overhaul," Feb. 27 Your article misleadingly labeled the depreciation schedule for business aircraft as "special treatment. " The depreciation system that applies to the purchase of a business aircraft has been on the books for decades, and also applies to the purchase of delivery vehicles, trucks and forklifts. Unfortunately, each time someone mischaracterizes business aviation, they are really taking aim at an industry that generates more than 1 million American jobs and is responsible for more than $150 billion in economic impact.
BUSINESS
November 26, 2009
Mail.com Media Corp. assets Mail.com: Portal that includes e-mail services, news and other information. Many links to other MMC sites. HollywoodLife.com: Celebrity and fashion news, run by Bonnie Fuller. Deadline.com: Entertainment industry news, run by Nikki Finke. Movieline.com: Movie and television news, run by former editors of Defamer. OnCars.com: Joint venture with Motr Inc., for car buyers and enthusiasts. Fan.com: Web address owned by MMC that hasn't yet launched.
BUSINESS
February 14, 2012 | Bloomberg News
Yahoo Inc.'s discussions to sell its stake in Alibaba Group Holding Ltd. and its Japanese operations have reached an impasse, according to a person briefed on the matter. Representatives of Alibaba and Softbank Corp., co-owner of Yahoo Japan Corp., are prepared to approach Yahoo Chief Executive Scott Thompson to explore another arrangement that would let companies buy back their stakes, said the person, who asked not to be identified because the talks are private. The value of the Asian assets is about $11.5 billion, said Sameet Sinha, an analyst at B. Riley & Co. in San Francisco.
BUSINESS
March 2, 2014 | Liz Weston, Money Talk
Dear Liz: We have a son who is a high school junior and who is planning on going to college. We met with a college financial planner who suggested we put money in a whole life insurance policy as a way to help get more financial aid. Is that a good idea? Answer: Your "college financial planner" is actually an insurance salesperson who hopes to make a big commission by talking you into an expensive policy you probably don't need. The salesperson is correct that buying a cash-value life insurance policy is one way to hide assets from college financial planning formulas.
BUSINESS
April 27, 2012 | By E. Scott Reckard
Palm Desert National Bank was seized by regulators Friday and sold to Pacific Premier Bank of Costa Mesa, which promised to be open for business as usual Monday.  The Federal Deposit Insurance Corp. said depositors of the one-branch bank would be unaffected because Pacific Premier agreed to take all $123 million in Palm Desert deposits. Pacific Premier President Stephen Gardner said customers of the Palm Desert bank "will continue to conduct business as normal with the employees with whom they have built a solid long-term relationship.
NEWS
January 18, 2013 | By Matea Gold
WASHINGTON - A new advocacy organization launched by aides to President Obama on Friday will lease the database developed by his reelection campaign, which plans to hold onto such valuable assets for the foreseeable future. The arrangement will give Obama aides tight control over the use of the voter files, software and email lists assembled for his reelection bid, which are coveted by other Democratic candidates and interest groups. While the new group, Organizing for Action, does not have an exclusive deal to use those tools, the campaign has not yet made any decisions about who else will get access to them, according to a campaign official.
BUSINESS
March 6, 2012 | By Walter Hamilton
More than three years after its collapse during the darkest moments of the global financial crisis, Lehman Bros. Holdings Inc. emerged from bankruptcy Tuesday. Rather than the start of a new chapter, however, the move is just the latest maneuver in a drawn-out process of unwinding Lehman that has gone on far longer than expected. Lehman announced that it will begin distributeing assets to creditors in a “complete liquidation.” But that process will take years, meaning that Lehman - or more accurately, its legal doppelganger - is unlikely to vanish anytime soon.
WORLD
March 6, 2014 | By Henry Chu
LONDON -- The European Union has frozen the assets of former Ukrainian President Viktor Yanukovich, two of his sons and more than a dozen advisors who it says are responsible for stealing state funds. Announcement of the blacklist Thursday came as leaders of the EU's 28 member countries gathered for an emergency summit in Brussels to try to forge a tough common response to Russia's incursion into Crimea. Most of the 18 individuals affected by the asset freeze are members of Yanukovich's inner circle who were involved in the bloody crackdown on anti-government protesters in Kiev.
BUSINESS
March 2, 2014 | Liz Weston, Money Talk
Dear Liz: We have a son who is a high school junior and who is planning on going to college. We met with a college financial planner who suggested we put money in a whole life insurance policy as a way to help get more financial aid. Is that a good idea? Answer: Your "college financial planner" is actually an insurance salesperson who hopes to make a big commission by talking you into an expensive policy you probably don't need. The salesperson is correct that buying a cash-value life insurance policy is one way to hide assets from college financial planning formulas.
OPINION
February 28, 2014 | By The Times editorial board
In America you're innocent until proven guilty. But the federal government can seize your assets before trial and prevent you from using them to hire the lawyer of your choice, even though the right to counsel is protected by the 6th Amendment. That's an injustice, and it was compounded this week by the Supreme Court. In 2007, Kerri Kaley, a sales representative for a subsidiary of Johnson & Johnson, and her husband Brian were indicted on charges that they had participated in a scheme to resell medical devices allegedly stolen from hospitals; they maintained that the hospitals no longer had any use for the devices.
CALIFORNIA | LOCAL
February 20, 2014 | By Eryn Brown
Luis Rios, who lost his job at a filling station in December at the age of 56, is newly eligible for Medicaid, the healthcare program for the poor. Following the advice of state-trained medical insurance enrollment workers, he filled out the paperwork required to get coverage - but has a nagging fear that he may have put his family's financial assets at risk. That's because, in certain cases, Medi-Cal, California's version of Medicaid, will be able to collect repayment for healthcare services from the estate after a recipient dies, including placing government liens on property.
BUSINESS
February 14, 2014 | By Shan Li
Occidental Petroleum, the longtime Los Angeles-based energy giant, announced Friday that it would move its headquarters to Houston and spin off its California assets into a separate company. The latest move is part of the company's strategic overhaul as it seeks to bolster its profitability and share price after falling behind competitors in recent years. The move signals the end of a storied run for Occidental in Los Angeles, where it was founded nearly a century ago and grew into the nation's fourth-largest oil company.
CALIFORNIA | LOCAL
February 8, 2014 | Steve Lopez
It's been a tough go for Florence, the stoic, graceful lady of Lincoln Park. Over the years, hooligans have broken her nose, spray-painted her face, shot at her, ripped off her hands and stolen her lamp. But for all the attempts to deface the statue of Florence Nightingale, the founder of modern nursing stands tall and calm in the spot she claimed in 1937, across the railroad tracks from the county hospital. I have to admit that I didn't know the statue was there until I heard from David Colachico, a professor in the nursing school at Azusa Pacific University.
CALIFORNIA | LOCAL
November 14, 2001
Re "U.S. Coalition Freezes Assets in Terror War," Nov. 8: The U.S. needs to take freezing the assets a step further. These assets should be used to aid and rebuild what the terrorist attacks have destroyed, whether it be to rebuild the twin towers, aid the families who lost loved ones or put money into the rebuilding of Afghanistan. Good always triumphs over evil, and wouldn't justice be served by using Osama bin Laden's and Al Qaeda's money to do the job? Mara Abrams Newbury Park
WORLD
January 13, 2014 | Paul Richter
Iran and six world powers have agreed on a plan to launch the first phase of their nuclear deal, U.S. and Iranian officials announced Sunday, a sign the fragile international effort to curb Tehran's nuclear ambitions remains on track. The agreement, worked out in a month of talks between technical experts and diplomats, goes into effect Jan. 20, after which Iran will begin to get access to some of its frozen assets -- and will have to open more of its facilities to the United Nations' nuclear watchdog agency.
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