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| July 17, 2018

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LA Times Archives - Page 1061 of 1193 -

Banks are not complying with mortgage settlement, survey finds

April 4, 2013 |

Five major banks continue to pursue foreclosures against borrowers seeking loan modifications and fail to provide a single point of contact, an advocacy group says.

Banks aren’t living up to pledges they made in last year’s landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers.


L.A. Times – Business

CBRE Group builds for the future

April 4, 2013 |

Robert Sulentic, who took over the real estate services giant in December, is positive — though not euphoric — about growth this year, especially for tech, energy and manufacturing.

With corporate headquarters overlooking the hot office market in West Los Angeles, CBRE Group Inc. — the world’s largest real estate services firm — finished 2012 with a record $ 6.5 billion in revenue, and its new boss is optimistic about the year ahead.


L.A. Times – Business

Private-sector and service-sector job growth slow in March

April 3, 2013 |

Separate reports from payroll firm ADP and the Institute for Supply Management raise concerns about the strength of the recovery.

WASHINGTON — Private-sector employment growth and expansion in the vital service sector slowed last month, raising concerns about the strength of the recovery ahead of Friday’s government jobs report.


L.A. Times – Business

Former WellPoint CEO quit last year, still earned $20.6 million

April 3, 2013 |

Angela Braly, the former chief executive of insurance giant WellPoint Inc., earned $ 20.6 million last year despite resigning under pressure in August.


L.A. Times – Business

Service-sector growth slowed in March, ISM survey indicates

April 3, 2013 |

WASHINGTON — The service sector’s expansion slowed last month from its fastest pace in a year in February, the Institute for Supply Management said Wednesday.


L.A. Times – Business

Fannie Mae posts record annual profit of $17.2 billion

April 3, 2013 |

Hefty windfalls from Fannie Mae and Freddie Mac could delay efforts by Congress to replace the government-controlled mortgage finance companies.

WASHINGTON — Taxpayer-owned Fannie Mae and Freddie Mac are back in the black, but it’s unlikely to keep the nation’s housing finance giants from being dismantled.


L.A. Times – Business

State hires consumer group to help it review healthcare rates

April 3, 2013 |

The hiring of Consumer Watchdog prompts the health insurance industry to complain that the state has enlisted a longtime nemesis to scrutinize rate hikes.

California Insurance Commissioner Dave Jones lashed out Tuesday at another double-digit rate hike for thousands of small businesses getting their health insurance from industry giant Anthem Blue Cross.


L.A. Times – Business

Fed district chief foresees phaseout of stimulus by year’s end

April 3, 2013 |

San Francisco Fed bank chief says he can envision the central bank reducing its bond purchases this summer before halting them entirely by the end of the year.

The recent improvement in the labor market and other signs that the recovery is gaining speed have surprised economists, fueling speculation that the Federal Reserve will soon pull back from its massive monetary stimulus.


L.A. Times – Business

Tesla Motors, banks arrange buyback deal for Model S electric car

April 2, 2013 |

Tesla Motors has worked out a deal with several banks to sell its pricey electric sports sedan with a guaranteed buyback after 36 months.


L.A. Times – Business

Google faces more privacy probes, possible fines in Europe

April 2, 2013 |

SAN FRANCISCO — Europe’s biggest data protection authorities say they are taking steps to press Google Inc. to comply with European Union privacy rules and could impose fines if the Internet giant fails to do so.


L.A. Times – Business