| Nov 19, 2014
| 12:59 PM
State Insurance Commissioner Thomas B. Leonardi, who led the department for nearly four years and traveled widely as an industry expert, is resigning to take a job with a New York investment firm.
Leonardi, 60, is taking a job at Evercore Partners Inc.,...
| Nov 9, 2014
| 5:00 AM
Maurice R. Greenberg, the ousted chief executive of American International Group Inc., was practically laughed out of New York for claiming that he and other shareholders were shortchanged by the U.S. government's $182-billion bailout of AIG.
| Nov 10, 2014
| 3:55 PM
To the editor: The lawsuit by former American International Group Inc. chief Maurice R. Greenberg claiming punitive treatment by the government toward AIG in the $182-billion emergency bailout during the financial meltdown of 2008 is an object lesson in...
| Oct 10, 2014
| 9:00 PM
Aroma of hubris
Imagine you were a swimmer who'd recklessly gotten caught in a riptide, only to be saved by a boater who was busily helping other struggling swimmers to shore. Would you complain if the boater charged you a big fee? Maybe. But you almost...
| Oct 6, 2014
| 5:14 PM
The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry M. Paulson said in U.S. court Monday.
The $85-billion loan package extended to AIG — then...
| Oct 6, 2014
| 9:29 AM
Los Angeles-based distressed-debt manager Oaktree Capital Group on Monday named its first CEO: former AIG executive Jay Wintrob.
Wintrob, who left AIG last month, will become chief executive Nov. 1, the company said in a statement. Wintrob has served on...
| Sep 22, 2014
| 2:30 AM
Veteran fund manager Bill Nygren co-manages three Oakmark funds: Oakmark Fund, Oakmark Select and Oakmark Global Select. He looks for growing businesses whose stocks trade for less than he thinks a company is worth and that are run by executives who put...
| Sep 25, 2014
| 5:10 PM
A Glendale Police sergeant arrested last month for allegedly soliciting a prostitute in Nevada is on paid leave of more than $10,000 a month until he reaches retirement, part of a settlement reached with the city in May regarding his discrimination...
| Sep 26, 2014
| 10:04 AM
A Glendale police sergeant arrested last month for allegedly soliciting a prostitute will make more than $10,000 a month on paid leave until he retires at the end of 2015, records show.
The arrangement was reached months before Sgt. Vahak Mardikian&...
| Aug 4, 2014
| 3:31 AM
Local earnings: Acura Pharmaceuticals Inc., ANI Pharmaceuticals Inc., CNA Financial Corp., Landauer Inc., Strategic Hotels & Resorts Inc.
Other major earnings: American International Group Inc., Loews Corp., Marathon Oil Corp. and others
| Jul 16, 2014
| 9:29 AM
Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas.
Bank of America said...