August 19, 2010 |
The market for credit default swaps on California bonds, allowing investors essentially to take out an insurance policy on the state's debt, has grown sharply in the last two years. Here is how a swap deal works, according to Marc Barrachin, the director or credit products at Markit, a financial data company. If an investor such as a hedge fund, Hedge Fund A in Barrachin's example, believes that California is going to have difficulty repaying its debt, it can go to a Wall Street firm that deals in municipal credit default swaps.
July 28, 2012 |
By the time Bobby Wilson met Wan Joon Kim, he'd been to 15 record stores. It was 1994, and no one would stock his cassette, "Comin' From Watts," with raps Wilson had written in prison and recorded himself upon his release. Wilson had a daunting resume: a decade-long membership in the Grape Street Watts Crip gang; five years incarcerated for attempted murder; the prison nickname "Kill Kill. " Just out on parole and desperate for money to support his wife and child, Wilson's last stop was the Compton Fashion Center indoor swap meet.
May 24, 2013 |
Procter & Gamble Co. wants to make something clear to investors: The replacement of Chief Executive Bob McDonald with his predecessor A.G. Lafley is not a death knell for the company. Far from it, said Chief Financial Officer Jon R. Moeller in a short conference call Friday, a day after the consumer goods giant announced that McDonald would retire on June 30. The shift, effective immediately, “is not indicative of any kind of bigger problem or financial issue,” Moeller said.
March 31, 1985
A 70,000-square-foot warehouse at 3485 S. La Cienega Blvd. has been sold for $3.4 million to Carol and Robert Goldman in a transaction negotiated for the seller, 3485 S La Cienega Ltd., by Westside Commercial Brokerage Co. The property will be used for swap meets.
June 16, 1985
In an effort to defuse a controversy that might cause revocation of a permit allowing swap meets at its Edwards Drive-in Theater near Arcadia, Edwards Cinemas has purchased property for off-street parking. Residents of the unincorporated county area and parishioners from a nearby church have registered numerous complaints about traffic and parking problems stemming from the meet, which is open from 6:30 a.m. to 4 p.m. Saturdays, Sundays and holidays.
December 12, 1986 |
Patty Williams wasn't disappointed when she drove from Corona searching for just the right dress to wear to holiday parties. "Oh, I knew they'd have (it) here," she said as she tried on an imported beaded dress at the swap meet at the Orange County Fairgrounds. Modeling in front of a full-length mirror hanging from a tent pole, Williams was one of several women trying on the dresses and furs offered by Kay James, who has been operating an outlet at the swap meet for 10 years.