July 13 - July 19, 2008
Friday, Jul. 18
The sister of the former Countrywide CEO says her brother has been vilified by publicity seeking politicians and uninformed reporters. $MTEntryExcerpt$>
Small business owners swear by trade exchange organizations, which is why the operator of Joe Barter has such hopes. $MTEntryExcerpt$>
Not nearly as much as in recent days, but a 47-cents-a-barrel drop brought crude prices below $129. $MTEntryExcerpt$>
What’s striking about the new report is the pace of the increase. A year ago unemployment was 5 percent. $MTEntryExcerpt$>
Another drop in gas prices, Mattel shares jump, Countrywide accused of misleading borrowers, and SAG leader blasts offer. $MTEntryExcerpt$>
Thursday, Jul. 17
California is taking a big hit - 88 stores. Many of the Socal closures are in more outlying areas (three in Ontario alone). $MTEntryExcerpt$>
Those are the two locally-based banks that an analyst described as vulnerable, based on non-performing assets.
$MTEntryExcerpt$>
The next phase of the closely watched case will determine damages - and it could be a costly proposition for MGA. $MTEntryExcerpt$>
Crude prices fell $5.31, to $129.18 a barrel, bringing the three-day skid to nearly $18. $MTEntryExcerpt$>
Hollywood keeps humming, more support for offshore drilling, cabbies get a break, and Delgadillo sues Blue Shield. $MTEntryExcerpt$>
Wednesday, Jul. 16
An bureau spokesman said that the probe of corporate fraud in the subprime lending industry had risen to 21, from 19. $MTEntryExcerpt$>
The founder of PaidContent is the envy of thousands of bloggers for selling to Guardian Media Group for a cool $30 million. $MTEntryExcerpt$>
What exactly is IndyMac? A mortgage company? A thrift? A bank? Well, yeah. $MTEntryExcerpt$>
The median price in L.A. County was $415,000, down almost 24 percent from a year earlier. $MTEntryExcerpt$>
Inflation shoots up, Countrywide settles lending suit, legislators approve port tax, and Sportman's Lodge to close. $MTEntryExcerpt$>
New report says that the California economy is "on the brink of a recession," and that some parts of the state already are in recession. $MTEntryExcerpt$>
Tuesday, Jul. 15
The meeting will take place tomorrow afternoon, the first time the two sides have gotten together since last week. $MTEntryExcerpt$>
The first 50 stores to be shuttered have been posted on the company's Web site. Eight are in California, $MTEntryExcerpt$>
Customers at an IndyMac branch in Encino got into a huff this morning after several people apparently tried to cut in line. $MTEntryExcerpt$>
Stocks keep dropping, inflation keeps jumping, regulators halt IndyMac foreclosures, and SAG members might vote on offer. $MTEntryExcerpt$>
Monday, Jul. 14
Customers were lining up as early as 4 a.m. to get their money out of the Pasadena mortgage company. $MTEntryExcerpt$>
For the LAT publisher, it was one of those “heads you win, tails I lose” dilemmas. $MTEntryExcerpt$>
The L.A. average for a gallon of self-serve regular is $4.541, which is about 13 cents lower than what it was on June 16. $MTEntryExcerpt$>
Another sad day for newspapers, with most of the bad news centered on Tribune Co. and the LAT. $MTEntryExcerpt$>
Where do you want to start? The stock is plummeting and its non-performing assets have reached dangerous levels. $MTEntryExcerpt$>
Markets edge higher on news of mortgage rescue plan, IndyMac's home equity lines are frozen, and port workers slowing down. $MTEntryExcerpt$>
Sunday, Jul. 13
Congress will be asked to give the government the authority to buy billions of dollars in stock in Fannie Mae and Freddie Mac. $MTEntryExcerpt$>
The NY senator has been blamed to stoking panic among IndyMac depositors - and leading, at least in part, to... $MTEntryExcerpt$>
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