May 14, 2012 That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
May 8, 2012 Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
May 7, 2012 This past weekend, Hollywood hosted a fundraiser for the California state parks. It’s not just left-leaning Hollywood altruism. Many directors and studios film for cheap in the parks.
Apr 27, 2012 The fashion designer Betsey Johnson has filed for bankruptcy protection. Dozens of the fashion designers' stores will close, and hundred of employees will be laid off.
Apr 25, 2012 For the first time in six years, a cow in the U.S. has tested for so-called mad cow disease. While officials say the dairy cow identified in California at no time entered the food supply, the price of cattle futures has moved sharply downward.
Apr 23, 2012 McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.
Apr 20, 2012 California is planning to close one quarter of its state parks, but if volunteer Carolyn Schoff has her way, Pio Pico Park won't be one of them.
Apr 13, 2012 The California Supreme Court has ruled that while employers have to offer workers a lunch break, they don't have to make sure employees actually take a lunch break.
Mar 26, 2012 The parent company of American Airlines wants more concessions from unions, or it'll push to cancel existing labor contracts.
Stacey Vanek Smith
Mar 21, 2012 Current laws make it very hard for student loans to be forgiven. There's a proposal now in Congress that would change that.