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BUSINESS
January 9, 2014 | By Richard A. Serrano
WASHINGTON - The head of a criminal probe into allegations that the Internal Revenue Service targeted conservative groups and tea party supporters personally donated a total of $6,750 to President Obama's election campaign and the Democratic National Committee, spurring Republicans to call for her removal. Republicans said Thursday that political contributions by Barbara Bosserman, a prosecutor in the Justice Department's civil rights division, raised questions about her objectivity and the integrity of the investigation into the IRS. "It is unbelievable that the department would choose such an individual to examine the federal government's systematic targeting and harassment of organizations opposed to the president's policies," Rep. Darrell Issa (R-Vista)
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WORLD
December 27, 2013 | By Lauren Frayer
MADRID - With Spanish schools slashing their budgets for music and art, piano teacher Laura Nadal saw her income dwindling. So she hit the streets of her native Madrid, playing an electric keyboard and singing for extra cash. On weekends, Nadal, along with her mandolin-strumming friend Gerardo Yllera, perform quirky tunes as the Potato Omelette Band, setting up beach chairs, umbrellas and a battery-powered amplifier on city sidewalks. With more than a quarter of the nation's workforce unemployed and many others such as Nadal underemployed, Spain's streets have swelled with buskers seeking to supplement their diminished incomes or government benefits.
CALIFORNIA | LOCAL
December 27, 2013 | By Paige St. John
One in every four GPS devices used to track serious criminals released in Los Angeles County has proved to be faulty, according to a probation department audit - allowing violent felons to roam undetected for days or, in some cases, weeks. The problems included batteries that wouldn't hold a charge and defective electronics that generated excessive false alarms. One felon, county officials said, had to have his GPS monitor replaced 11 times over a year; for five days during the 45-day audit period, his whereabouts were unknown.
BUSINESS
December 16, 2013 | By Stuart Pfeifer
Shares of Herbalife Ltd. stock surged more than 9% Monday after the company said its new accounting firm made "no material changes" after re-auditing three years of the company's financial statements. The new audits were required because KPMG resigned as Herbalife's auditors this year after the partner who had overseen the company's audits admitted to insider trading in Herbalife stock. PricewaterhouseCoopers re-audited Herbalife's financial statements from 2010, 2011 and 2012.
CALIFORNIA | LOCAL
December 10, 2013 | By Carla Rivera
California State University officials were warned Tuesday that course scheduling decisions on many campuses may be forcing students to take high-cost extension classes to complete their degrees,  which would violate state law. A report by the state auditor criticized aspects of the system's two-tier education plan, which provides state-funded courses during the academic year and the same classes at a higher cost typically during winter and...
NEWS
November 21, 2013 | By Michael Ordoña
The Coen brothers' new film, "Inside Llewyn Davis," covers one drain-circling week in the life of a marginally successful folk singer in 1961 New York City, inspired in part by the memoir of folk personality Dave Van Ronk. But to be clear, Llewyn Davis is not Bob Dylan. He's not Van Ronk. He's not even Oscar Isaac. "The description at the audition was, 'He is not Dylan. He is not the poet. He is a workman, a blue-collar guy from the boroughs.' So I latched on to that idea, the workman, and what that meant," says Isaac.
CALIFORNIA | LOCAL
November 21, 2013 | By Paul Pringle
The former accounting firm for the Los Angeles Memorial Coliseum Commission has agreed to pay the agency $800,000 to settle claims that the company failed to detect alleged fraud by stadium managers who were later indicted in a corruption scandal. The settlement between the commission and SingerLewak requires the two parties to drop lawsuits they filed against each other. The commission alleged in its suit that SingerLewak was negligent in not uncovering about $2 million in questionable payments to the managers, in addition to nearly $1 million in cash outlays to a stagehands union at the Coliseum.
CALIFORNIA | LOCAL
November 18, 2013 | By Jason Song, This post has been corrected. See the note below for details.
State auditors will review UCLA's sexual assault policies and procedures as part of a regular review of four state universities, officials said Monday. State Assemblyman Anthony Rendon (D-Lakewood) requested the audit of UC Berkeley and three other schools in August after he was contacted by an activist. Nine Berkeley students filed a complaint alleging that the school violated provisions of the federal Clery Act, a 1990 law that requires schools to report campus crime statistics to federal authorities.  Two Cal State universities yet to be determined will also be included in the audit.
BUSINESS
November 13, 2013 | By Jim Puzzanghera
WASHINGTON - The nomination of Janet L. Yellen to be the next Federal Reserve chair gives critics of the central bank something they rarely have: leverage to force some changes. As the Senate Banking Committee prepares for a confirmation hearing Thursday, Sen. Rand Paul (R-Ky.) plans to delay a vote on Yellen's nomination by the full Senate unless Democratic leaders bring up his bill to require more expansive audits of the Fed. Although Paul is not on the Banking Committee, half of the Republicans on the panel co-sponsored his bill.
CALIFORNIA | LOCAL
November 8, 2013 | Jack Dolan
A Los Angeles Department of Water and Power manager who played a role in two controversial department nonprofits is retiring amid an audit of how the organizations spent more than $40 million since 2000. And DWP commissioners have asked the auditors to dig deeper into those nonprofits: The board initially wanted to see copies of any check written by the organizations for $5,000, but on Thursday they asked for copies of any check of $1,000 or more. The two nonprofits, the Joint Training Institute and the Joint Safety Institute, have received up to $4 million in ratepayer funds per year for more than a decade to improve relations between the city-owned utility and its largest employee union.
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