The economy still faces challenges, the National Assn. for Business Economists said Monday. But most participants in the group’s quarterly survey expect there will be enough growth for the Federal Reserve to start reducing a key stimulus program in the first half of next year.
A $25-billion proposal to re-engineer the hub of California’s sprawling water system may not yield all the water that San Joaquin Valley farmers and Southland cities want, leaving open the question of whether the massive project will be built.
The Dow Jones industrial average has closed above 16,000 for the first time, marking yet another milestone for a stock rally that has surprised even some of the most bullish on Wall Street.
Los Angeles County’s homeless population rose 15% from 2011 to 2013, to 57,737, a total second only to New York City. By contrast, the number of homeless Americans declined 6% since 2010, to 610,042, according to the Department of Housing and Urban Development.
At the end of the third quarter, 13.2% of homeowners with a mortgage remained underwater in the L.A. metro region, a decline from 25.9% in the same period last year, according to real estate firm Zillow, which released the data Thursday.
California’s finances are bouncing back after a lengthy recession, and tax revenues are primed for strong growth over the next several years, according to a report issued Wednesday by the Legislature’s budget analyst.
A $1.47-billion proposal to add toll lanes to a traffic-clogged 14-mile stretch of the 405 Freeway from Long Beach to Costa Mesa has met with wide opposition from officials and residents in the six cities along the route. Civic leaders said they fear the plan could be a harbinger of more toll roads to come.
California will fall short of its goal to slash greenhouse gas emissions by midcentury unless it adopts aggressive policies to fight climate change, a new report says.
A new report from the financial services firm anticipates the period between Thanksgiving and Christmas this year to be the slowest and most promotion-heavy since 2008, which was the first holiday season affected by the recession.
Bank of America Corp. is slashing 1,200 jobs in its mortgage division as the company’s refinancing business slows amid rising interest rates.
New California foreclosure filings tumbled during the third quarter, as a stronger economy continued to heal the housing market.
In Los Angeles, McDonald’s currently has about 1,600 jobs open in the city, while Kaiser Permanente has about 1,500 positions available. 24 Hour Fitness (1,200), USC (900) and Citigroup (775) round out the top five.
Gov. Jerry Brown on Saturday signed into law changes to Proposition 65, the state’s landmark anti-toxins law, that aim to reduce lawsuits and fines for businesses.
Four measures, part of a package of 18 business-friendly bills approved Friday, seek to ease the regulatory burden on developers of smartphone-based payment systems; reverse a retroactive tax hike on investors in small start-up companies, and create a “Made in California” program to help market innovative, locally manufactured consumer products.
About two-thirds of Californians with assets of $1 million or more actually feel better off now than before the 2008 financial crisis, a report from BMO Private Bank said. And roughly the same portion say they expect the economy to continue its recovery in the next year.