BUSINESS
May 22, 2012 | By Andrew Tangel, Los Angeles Times
NEW YORK Shortly after Goldman Sachs Group Inc.'s board learned of famed investor Warren Buffett's $5-billion lifeline at the height of the financial crisis, then-director Rajat Gupta phoned hedge-fund manager Raj Rajaratnam. Rajaratnam, a federal prosecutor said Monday, then used that information when he snapped up Goldman stock before the deal was announced in September 2008. Prosecutors said Gupta helped Rajaratnam make $1 million in just six minutes with the help of illegal inside information.
TRAVEL
May 20, 2012
THE BEST WAY TO CHELAN, WASH. From LAX, Alaska, Virgin America and United offer nonstop service to Seattle; Southwest and United offer direct service (stop, no change of plane); and Southwest, Alaska, United, Virgin America and Delta offer connecting service (change of plane). Chelan, at the southeast end of Lake Chelan, is about 175 miles east of Seattle, about 155 miles west of Spokane. WHERE TO STAY Campbell's Resort, 104 W. Woodin Ave., Chelan; (800)
SPORTS
May 19, 2012 | By Bill Shaikin
SAN DIEGO - After six seasons in the minor leagues, Jim Eppard finally got the call to the Angels. In his first major league at-bat, on Sept. 8, 1987, he singled - off current Angels broadcaster Mark Gubicza. In his second at-bat, two days later, he singled again. Two hits, two at-bats, each as a pinch-hitter. This Eppard kid might have a pretty good future. Or, as it turned out, he might not. Eppard - who replaced Mickey Hatcher, the Angels' hitting instructor who was let go Tuesday - finished his brief major league career with 139 at-bats.
CALIFORNIA | LOCAL
May 19, 2012 | By Joel Rubin, Los Angeles Times
In the face of privacy concerns, the Los Angeles Police Department has agreed to change the way it collects information on suspicious activity possibly related to terrorism. The department, after coming under fire from civil liberties and community groups, will no longer hold on to so-called suspicious activity reports that the LAPD's counter-terrorism unit determines are about harmless incidents. Until now, the department stored the innocuous reports in a database for a year.
CALIFORNIA | LOCAL
May 16, 2012 | By Catherine Saillant, Los Angeles Times
Joining a growing number of municipalities, the Los Angeles City Council on Tuesday adopted a "responsible banking" ordinance that will require banks doing business with the city to disclose detailed data on loans and foreclosure activity by community. Much of the information is already reported under federal law but can be hard to find in voluminous federal banking reports, said Miguel Santana, city administrative officer. The new law would bring the information together on a city website that the public could search by census tract, he said.
CALIFORNIA | LOCAL
May 12, 2012 | By Chris Megerian, Los Angeles Times
SACRAMENTO - Sensitive personal information for more than 700,000 people who provide or receive home care for the elderly and disabled may have been compromised when payroll data went missing in the mail, state officials revealed Friday night. The breach occurred whenHewlett-Packard, which handles the payroll data for workers in California's In-Home Supportive Services program, was shipping information including Social Security numbers to an office in Riverside last month. The package arrived damaged and incomplete.