November 24, 2012 |
A health insurer owned by two Wall Street giants is headed to trial next week over claims it misled a San Bernardino County couple into buying a policy that left them with more than $140,000 in unpaid medical bills from cancer treatment. Norman and Kathleen Carter of Yucaipa are battling their insurance company, even as Kathleen continues to fight abdominal cancer. The couple sued a unit of HealthMarkets Inc. in August 2011 in Superior Court for fraud and breach of contract, accusing the company and its insurance agent of deliberately misrepresenting the health plan benefits.
November 18, 2012 |
The typical real estate sales contract includes not just a price and a closing date but also a number of clauses, any of which can trip up the buyer or seller and scuttle the deal. Although contract language may vary from one place to another — not just state to state but also county to county, and sometimes even from one company to another — here's a quick rundown of some clauses or "conditions" that are likely to cause the most trouble: • Financing. Perhaps the most common contract condition makes the transaction contingent on the buyer obtaining either a mortgage or a written commitment in the amount required to complete the purchase within a certain time frame.
November 13, 2012
Sen. Dianne Feinstein (D-Calif.), chairwoman of the Senate Intelligence Committee, seemed to be speaking for many confused supporters of former CIA Director David H. Petraeus on Friday when she said he shouldn't have been forced out of his job by a personal indiscretion and expressed regret that President Obama had accepted his resignation. Two days later, after speaking personally with Petraeus, she had changed her mind. "When you realize additional complications … I think he did the right thing," she said Sunday.
November 12, 2012 |
BEIJING - A mid-level public security official earning $19,000 a year acquires 21 houses, valued at more than $6 million. The former railroad minister is alleged to have accumulated $250 million in bribes, which he reportedly hoped to use to buy his way into the Politburo. Families of Politburo members are revealed to have fortunes in the hundreds of millions. Corruption is very much the hot topic at the 18th Communist Party congress underway in Beijing. Once too sensitive to be discussed in public, graft is now the subject of grandiloquent editorials in state-owned media.
November 5, 2012 |
For anyone seeking the original source of the $11 million political donation from an obscure Arizona nonprofit, Monday morning's disclosure was unsatisfying. The out-of-state group said only that the money came from other nonprofits. But the disclosure was revealing in its own way, showing how a chain of blandly named organizations can shuttle money around the country with little transparency. It also showed more ties to Charles and David Koch, billionaire energy executives and secretive Republican donors.
CALIFORNIA | LOCAL
November 5, 2012 |
SACRAMENTO - After a frantic court battle, state election officials succeeded Monday in forcing an Arizona group to disclose the identities of contributors that provided $11 million to a California campaign fund. But the revelations added little clarity for voters. The mystery donors turned out to be other nonprofits, whose individual contributors remained secret. The money started with the Virginia-based Americans for Job Security and was transferred to a group called the Center to Protect Patient Rights.
CALIFORNIA | LOCAL
November 2, 2012 |
SACRAMENTO — The Arizona nonprofit at the center of a controversy over secret campaign donors Thursday appealed a judge's order to turn over records to California's campaign finance watchdog. The Fair Political Practices Commission is seeking the records to determine whether the nonprofit is improperly shielding the identities of its contributors. The nonprofit, Americans for Responsible Leadership, gave $11 million to fight Gov. Jerry Brown's tax hike plan and support a separate measure to curb unions' political influence.
October 11, 2012 |
The scars from JPMorgan Chase & Co.'s whopping trading losses have healed -- at least in its stock price. Five months after the bank disclosed a trader nicknamed the "London Whale" lost billions in risky derivatives bets, its stock has recovered from a sharp dive. At $41.77 a share Wednesday, JPMorgan's stock was $1.13, or 3%, higher than it was on May 10, when the company revealed the bad bets. The bank's stock gained another 57 cents, or 1%, to $42.34 in early trading Thursday.
October 10, 2012 |
Facebook resisted prodding by the U.S. Securities and Exchange Commission to disclose more about the risks from a burgeoning user base accessing the social-networking site from mobile devices, according to a news report. A lengthy article by Bloomberg News highlights letters between Facebook and the SEC's corporation finance division, which oversees what publicly traded companies disclose in regulatory filings before their initial public offerings. The letters, made public by the SEC, "depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering," Bloomberg News reported.
October 9, 2012 |
Heart attack patients in states that require healthcare providers to report the outcomes of procedures to open blocked arteries are less likely to receive those live-saving treatments than similar patients in states without public reporting mandates, according to a new study. The disparities in care, however, appeared to have little effect on patient survival rates. The analysis, based on nearly 100,000 Medicare patients in 10 states, comes amid a nationwide push for greater transparency in how doctors and hospitals measure up against one another.