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March 5, 2014 | By The Times editorial board
As more of our children's education moves online, there are increased opportunities for abusing the collection of their personal data. Last month, state Senate leader Darrell Steinberg (D-Sacramento) introduced a bill that would help close a loophole in federal regulations - at least in California - in an effort to safeguard personal information of public school students. The potential privacy violations could be significant, and it makes sense for the Legislature to act now. Under the federal Family and Educational Rights Protection Act, schools that receive federal funding are rightly barred from making disclosures about students' education records without permission.
March 5, 2014 | By David Colker
Stanley Grinstein, who played a pivotal role in the art scene in Los Angeles as it was evolving in the 1960s and '70s, was an unlikely candidate for that role. He was not an artist or even, at the beginning, a collector. He was in the forklift business and had a great fondness for USC football. But in 1952, Grinstein got married and he and his wife, Elyse, went in search of a pastime they could mutually enjoy. "They were looking for something they could do together, some kind of common ground," said their daughter Ayn Grinstein.
March 3, 2014 | By Saba Hamedy
As actors and industry members flocked to the Dolby Theatre for the 86 th Academy Awards on Sunday, a group of about 50 security guards and community supporters took to Hollywood Boulevard to protest. In an effort to sway the Academy of Motion Pictures Arts and Sciences to stop using non-union Security Industry Specialists for the annual event, the protesters held signs that read “Academy Awards: Support Good Jobs for Our Communities” and handed out fliers that read: “Why can't Oscar go Union?
March 2, 2014 | By Lew Sichelman
If the ease with which hackers pilfered the financial information of millions of Target and Neiman Marcus customers has you worried about how easily your private data can be lifted from your mortgage company, wait until you hear what a major cybersecurity firm found out about lenders. Here's a hint: It isn't good. According to Halock Security Labs, mortgage companies big and small allow information-sharing practices that put your personal and financial data at grave risk. FOR THE RECORD: Data security: The Housing Scene column in the March 2 Business section about how to ensure that personal mortgage information is safe from hackers said that Brian Koss is president of Mortgage Network.
February 27, 2014 | By Scott Martelle
When is a crime not a crime? Apparently when it happens on Wall Street. Ever since the financial meltdown of 2007, prosecutors and market regulators have struggled with how to handle evidence of a wide range of chicanery by Wall Street financial firms and banking giants - most of which are flourishing again, by the way, while American workers continue to struggle with high unemployment, high underemployment and stagnant wages. Some cases have been brought, but the federal government almost invariably lets the offending bank or firm off with a fine, and no admission of guilt.
February 26, 2014 | By Salvador Rodriguez
Following Facebook's acquisition of messaging service WhatsApp last week for $19 billion, BlackBerry CEO John Chen said he would not hesitate to sell his company's messaging service for that much money. "I work for the shareholder. Standard answer. If somebody comes to me with $19 billion, I would definitely sell it. I would recommend to the board to take it," Chen told CNBC . Since the Canadian phone maker failed to attract last year what it would have considered to be an adequate buyer, BlackBerry has placed a great deal of its focus on expanding its BlackBerry Messenger brand.
February 25, 2014 | By Chad Terhune
A new federal report estimates that 65% of small firms will pay more for employee health insurance as a result of the federal healthcare law while the remaining 35% will see premiums drop. Those increased healthcare costs will probably be passed on to workers and their families, according to estimates from the Office of the Actuary at the U.S. Centers for Medicare and Medicaid Services. The report said roughly 11 million of the 17 million people who have health plans through a small employer will see their premiums increase, while 6 million individuals will reap lower premiums.
February 24, 2014 | By W.J. Hennigan
Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon's budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket programs and slashed older weapon systems. Largely untouched by the budget plan is the F-35 Joint Strike Fighter made by Lockheed Martin Corp. The nearly $400-billion program to buy 2,400 of the jets has been under development for more than a decade.
February 19, 2014 | By Jim Puzzanghera
A top European Union regulator raised concerns Wednesday that new Federal Reserve rules for foreign banks operating in the U.S. could place an unfair burden on EU financial firms. The Fed's Board of Governors now requires Barclays, Deutsche Bank and other large foreign banks doing business in the U.S. to hold more capital in reserve for their U.S. operations to guard against losses and undergo stress tests to determine their financial health. The requirements, approved unanimously Tuesday, are similar to those for the largest U.S. banks.
February 18, 2014 | By Marc Lifsher
SACRAMENTO - Personal information collected from credit card shoppers would be better protected by upgrading the country's entire payment system to technology that has dramatically reduced fraud in Europe. That was the consensus of a group of retailers, bankers, credit card companies and consumer advocates at a legislative hearing Tuesday. Legislators delved into the causes of a recent hacking of about 70 million computerized customer records at Target Corp. and a smaller incident involving about 1.1 million customers at Neiman Marcus department stores.
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