| Feb 2, 2015
| 8:52 PM
In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank.
The reason? S&P's credit standards were too high, an...
| Jan 23, 2015
| 10:37 AM
Hospital prices for routine knee and hip replacement surgeries vary by tens of thousands of dollars in cities across California and nationwide, a new insurance industry report shows.
The Los Angeles and Long Beach market, for instance, had one of the...
| Jan 20, 2015
| 6:27 PM
Board members of CalPERS, the country's largest public pension fund, Tuesday reelected labor leader Rob Feckner to an 11th one-year term as president.
Rob Feckner, 57, has worked for the Napa Unified School District for 38 years, starting as a bus...
| Jan 14, 2015
| 6:42 PM
A former state pension board member at the center of a long-running influence-peddling scandal that rocked state government committed suicide Tuesday, just weeks before the start of his federal trial on bribery and fraud charges.
Police in Reno...
| Jan 14, 2015
| 12:38 PM
Alfred J.R. Villalobos, a former state pension fund board member who faced trial next month on federal corruption and bribery charges, has committed suicide, officials said Wednesday.
The Reno Police Department confirmed that Villalobos' death was a...
| Jan 13, 2015
| 7:29 PM
Amid concern over soaring retiree costs, the state's nearly $300-billion public pension fund issued an annual report that showed solid investment gains.
The report released Tuesday by the California Public Employees' Retirement System showed an...
| Jan 12, 2015
| 7:55 PM
A former state pension fund board member, awaiting trial next month on federal fraud, bribery and other criminal charges, is too sick to come to court, his lawyer said Monday.
Alfred J.R. Villalobos, 71, of Reno was a central figure in an influence-...
| Oct 23, 2014
| 2:00 AM
Directing traffic is part of a police officer's job, and in the city of Fountain Valley, keeping cars moving comes with a $145 monthly bonus — and a bigger pension.
Fountain Valley officers can also pump up their pensions by working with police...
| Dec 4, 2014
| 4:40 PM
When the news hit that Costa Mesa Police Chief Tom Gazsi was retiring and had accepted a job as deputy chief over field operations and emergency management at the Port of Los Angeles, I was happy for him, yet sorry to see him go.
But I get it. The...
| Dec 6, 2014
| 4:49 PM
The city of Burbank is giving a raise to its 11 department managers and two of its elected officials, but it’s also asking them to pitch in more for their state retirement benefits.
Last week, the Burbank City Council unanimously approved a...
| Dec 5, 2014
| 3:00 PM
Costa Mesa's outgoing police chief will receive an annual pension of about $185,000 on top of a $167,812 salary when he starts a new job at the Port of Los Angeles, city officials said.
Chief Tom Gazsi is retiring from the Costa Mesa Police Department...