| May 26, 2015
| 5:00 AM
The U.S. Supreme Court struck a blow for investors last week when it revived a lawsuit accusing the managers of a company retirement plan of picking investments that were too costly. Meanwhile, the Department of Labor is trying to provide a similar...
| May 22, 2015
| 10:41 AM
He's the great-grandson of a U.S. president, the grandson of a former U.S. senator and presidential hopeful, and the cousin of a two-term Ohio governor.
But John Taft, 60, has no desire himself to sustain another political dynasty.
"My legacy is...
| May 4, 2015
| 5:42 PM
Students who attended Corinthian colleges, including Everest College in Merrionette Park, should get "meaningful federal debt relief" in the wake of Corinthian's collapse "under the weight of its own wrongdoing," U.S. Sen. Dick Durbin said Monday in a...
| May 19, 2015
| 10:11 AM
Darrell Hammond, an alum of "Saturday Night Live," has been hired to portray Colonel Sanders, the white-haired white-suited founder of Kentucky Fried Chicken, in TV commercials that debut Monday.
KFC said it was resurrecting the Colonel, who died in...
| May 19, 2015
| 8:23 AM
The U.S. Supreme Court broadened protections of workers' retirements with an important decision that increased the responsibilities of the overseers of corporate 401(k)s, particularly regarding fees charged by mutual fund companies. The court opened the...
| May 18, 2015
Just as investment industry behemoth Vanguard Group Inc. this month rolled out its new investment platform combining an automated and live-adviser experience with $17 billion in client money under management, regulators were rolling out a warning about...
| May 16, 2015
| 2:58 PM
Business instructor April Morris is getting her Cal State Fullerton students ready for the real world by throwing them to the sharks.
For her Financial Statement Analysis and Valuation class held on the school's Irvine campus, Morris has recreated the...
| May 12, 2015
| 3:17 PM
ITT Educational Services is facing charges that it duped investors by concealing huge losses on loans made to students attending the company's for-profit colleges scattered across the country, including three in Illinois.
The alleged scheme outlined in a...
| May 13, 2015
| 12:25 PM
The lawsuits against American Apparel just keep coming: This time, ousted CEO Dov Charney is suing the Los Angeles company and its chairwoman for more than $20 million.
Charney is accusing American Apparel and Colleen Brown, the chairwoman, of...
| May 12, 2015
| 9:45 PM
The U.S. Securities and Exchange Commission levied fraud allegations Tuesday against a major for-profit college company, accusing ITT Educational Services Inc. of hiding the “extraordinary failure” of two student loan programs from investors....
| May 11, 2015
| 9:50 AM
Some kids watch sports on television and want to be an athlete.
Mareile Cusack used to watch "Perry Mason" and decided to become a lawyer. Not the flashy attorney of TV courtroom dramas; she wanted something more cerebral. Today, she's senior vice...