| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...
| Aug 22, 2013
| 1:18 PM
We who live in the Bluebird Park neighborhood enjoy the summer concerts. We do not enjoy having our bushes and landscaping parked on by fellow attendees.
We enjoy even less the aggressive, uncooperative responses when this is brought to the attention...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...
| May 2, 2013
| 1:25 PM
With completion of the Newport Beach Civic Center, the city of Newport Beach has a civic landmark in which it can take pride.
The move from the ugly, crumbling, crowded City Hall that served this city for so many years has finally taken place.
| May 8, 2013
| 7:24 AM
WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops.
Boehner (R-Ohio) defended...
| May 16, 2013
| 6:26 PM
Baltimore schools chief Andrés Alonso went to Annapolis last year seeking approval for a bold $2 billion plan to replace many of the city system's crumbling buildings. The idea didn't even make it out of committee.
Prospects still looked bleak in...
| May 22, 2013
| 1:15 PM
The Phoenix Cos. said Wednesday it won consent from bondholders, allowing the company to delay providing quarterly reports and a 2012 annual report to the bond trustee until the end of this year.
Phoenix is restating financial statements for all of 2009,...
| May 28, 2013
Baltimore's two major mutual fund companies have joined a small but growing number of investment firms offering ultrashort-term bond funds, which may become an alternative to the traditional money market fund.
The T. Rowe Price Ultra Short-Term Bond...
| Oct 30, 2013
Anticipating the Securities and Exchange Commission's actions can feel like waiting for Godot. The SEC has been sitting on a petition for a new rule requiring publicly traded companies to disclose to shareholders what corporate funds are spent on...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Jul 5, 2013
| 8:44 PM
Wall Street has preferred to call the recent rebound in long-term interest rates a "wake-up call."
But to some bond investors it's apparently more like a five-alarm fire.
As rising interest rates have pushed down the value of older bonds in the last...