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West Penn bondholder buyout divides Wall Street rating agencies
ReutersBy Hilary Russ May 1 (Reuters) - Wall Street's three main credit rating agencies had three different reactions to the $604.2 million buyout of Pittsburgh's West Penn Allegheny Health System bondholders on Monday. Health insurer Highmark Inc. bought...Tags: Moody's Corporation, Bonds, Standard & Poor's Financial Services LLC, Health Insurance, Finance
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Fiat's U.S. dealers anxious for broader product lineup
Reuters* Fiat cars returned to U.S. after 16-year absence * First volume Alfa Romeo expected in U.S. in 2014 * Some U.S. Fiat dealers struggling with limited lineup * U.S. sales up in line with overall industry in 2013 By Bernie Woodall DETROIT, May 10...Tags: Manufacturing and Engineering, Companies and Corporations, Services and Shopping, Automotive Equipment, Sergio Marchionne
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Edison Mission sees June start for its new California power plant
ReutersBy Scott DiSavino May 10 (Reuters) - Edison Mission Energy, a unit of California power company Edison International, said Friday its new 479-megawatt (MW) Walnut Creek natural gas-fired power plant in Southern California is expected to enter commercial...Tags: U.S. Nuclear Regulatory Commission, Walnuts, Southern California Edison Company, Edison International, Nuclear Power
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Judge grants foreclosure of hundreds of run-down Orlando apartments
A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...
Tags: Fannie Mae, Crime, Law and Justice, Judges, Financially Distressed Companies, Finance
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Greuel wants Garcetti to stop 'negative' ads in mayor race
Wendy Greuel called on Eric Garcetti on Friday night to stop all negative advertising in the last 11 days of the Los Angeles mayor's race, a challenge that her rival instantly dismissed as "disingenuous" for a candidate whose campaign is effectively...Tags: Satellite and Cable Service, Television Industry, Elections, Politics
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Peregrine Financial may have "viable" claims vs banks -trustee
ReutersSAN FRANCISCO, May 10 (Reuters) - Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase & Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in court, Peregrine's trustee...Tags: Prosecution, JPMorgan Chase & Co., Crime, Law and Justice, Laws, Financially Distressed Companies
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Peregrine trustee weighs claims against JPMorgan, U.S. Bank
ReutersThe trustee for failed Peregrine Financial Group says clients may pursue claims against JPMorgan Chase & Co. and U.S. Bancorp. In a filing this week, Ira Bodenstein said he wants the federal bankruptcy court in Chicago to put on hold a lawsuit by the...Tags: Prosecution, JPMorgan Chase & Co., Crime, Law and Justice, Laws, U.S. Bancorp
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Examiner's report could spur ResCap creditors seeking Ally cash
ReutersBy Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...Tags: Mortgages, Bonds, Crime, Law and Justice, Judges, Financially Distressed Companies
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Is $1,721.75 the bill you'd expect for treating a cut?
It was your basic, run-of-the-mill accident. Kim Haselhoff's 9-year-old son got nipped in the finger by one of the family dogs. It didn't seem too serious, but there was a bit of blood. Unfortunately, the pediatrician's office had just closed, and the...Tags: Aetna Inc., Hospitals and Clinics, Government Health Care, Medical Procedures and Tests, Tylenol (drug)
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Spain banks' cleanup to enter new phase as 'delay and pray' ends
Reuters* New rules force banks to recognise more bad debts * Hit expected to be as high as 8 bln euros for the sector * Could prompt losses, assets sales, mergers, new public aid * But move seen positive for banks, Spain in the long-term By Julien Toyer,...Tags: Central Bank, Spain, National Government, European Union, Quarterly or Semiannual Financial Statements
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ResCap examiner report postponed until May 13 -source
ReutersWILMINGTON, Del., May 10 (Reuters) - An independent examiner's report into the relationship between bankrupt Residential Capital LLC and its parent Ally Financial Inc has been postponed to May 13 at 1200 EDT (1600 GMT) from an expected release time of... -
BRIEF-ResCap examiner delays report to May 13, amid progress in mediation
ReutersMay 10 (Reuters) - Ally Financial Inc : * Residential capital bankruptcy examiner to delay release of his report to may 13 from may 10 -- source * Delay in release of report to allow more time for mediation -- source * Lawyer for rescap examiner says...Tags: Lawyers, Crime, Law and Justice, Justice System
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|Column| Los Angeles Times
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