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THRIFTS
Private investors agree to purchase the bank for $13.9 billion and promise to make the 33-branch thrift a 'healthy banking institution' again. How they'll do so remains unclear.
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{ELECTRONICS } {}
Starting in 2011, state regulators want retailers to sell only the most energy-efficient models of power hungry LCD and plasma sets. The industry opposes the new rules and warns of higher prices. >>
The loss of a job could mean an unscheduled trip home for those in the country on work visas or seeking green cards. >>
PERSONAL FITNESS
Discounts and increased marketing budgets are among the strategies to attract and retain customers beyond the new year's surge. >>
Students are experimenting with laser devices to help in times of drought. >>
This is not the way the financial Armageddonites wanted to start the year. >>
One expert foresees smaller homes built closer together. Trends point toward higher-quality materials and energy efficiency. >>
A legal battle looms after a program hiking jurists' compensation in L.A. County is ruled unconstitutional. >>
RETAIL
A rough economy and belt-tightening shoppers force the Moscow teen queen's chain to file for Chapter 7 seven months after its debut. The chain had plans to open 250 stores in the U.S. >>
MARKETS
The Dow zooms 258 points to close above 9,000 amid a 'lot of cautious optimism.' >>
The Institute for Supply Management's gauge of activity falls more than expected in December, with indicators of new orders and price increases at the lowest levels since the 1940s. >>
Q & A
On New Year's Day, it became illegal to text message while driving in California. Jaime Coffee, an information officer with the California Highway Patrol, talked with The Times concerning ways the new law may be put to the test. Here's an edited transcript. >>
January 2, 2009
The lender gives up its exclusive right to provide financing for people buying the automaker's vehicles in exchange for as much as $6 billion in federal aid. >>
What a difference a year makes. >>
Michael Kopper cooperated with prosecutors and served less than two-thirds of his original 37-month sentence. >>
If you need some help the answers to some of our quiz queries are in plain sight above ... cheater.
>> The hotel company says it will tell Equity Group Investments, one of its largest investors, of any asset sale or third-party takeover offer to give it the opportunity to make a counteroffer. >>
Wikimedia Foundation, the nonprofit organization that runs the online encyclopedia, says it has raised $6.2 million. >>
Los Angeles billionaire Ron Burkle and his Yucaipa Cos. private-equity firm reported an 8.3% stake in Barnes & Noble Inc., the world's largest bookseller, and may seek talks with the company. >>
The state alleged that the nation's largest tax preparer had marketed the high-cost loans as early tax refunds. >>
Robert Nardelli, the automaker's chief executive, says the initial loan will allow the company to continue its restructuring. >>
Apple Inc., maker of the Macintosh computer and the iPhone, was sued over claims that display screens on the company's iMac desktop computer are defective and show unwanted vertical lines. >>
January 2, 2009
FINANCIAL CRISIS
AIG's Financial Products unit fell into a spiral it didn't foresee and couldn't escape. >>
The economic downturn hit while audiences were already turning to the Web. Experts expect more layoffs for the local industry. >>
FINANCIAL CRISIS
The Treasury Department inspector general's examination of funding for the 'bank to the stars' reflects growing concern in Washington about whether the banking rescue is working. >>
RETAIL
Some owners say the cost of testing for toxic lead and phthalates will shut their businesses. The law goes into effect Feb. 10. >>
January 1, 2009
Viacom had threatened to pull 19 of its cable channels, including Nickelodeon, MTV, VH-1 and Comedy Central, from the cable firm's systems. >>
January 2, 2009
Facilities across the nation are closing or eliminating services as patient visits drop, insurers and patients pay slowly and credit remains tight. >>
IRAQ
The program, suggested by an Iraqi women's group, is part of an effort to reestablish the country's once-thriving dairy industry as well as a way to help impoverished women and children. >>
Volkswagen blurs the semantic distinction between coupe and sedan, but at $42,650 (almost) fully equipped, we call it overpriced. >>
Bear Stearns, Mervyns were among the corporate casualties of the financial meltdown and dismal economy. This year also may be fatal to many. >>
Wells Fargo & Co.'s $12.7-billion acquisition of Wachovia Corp. faces immediate stress as economists predict home foreclosures will keep rising and some forecast unemployment this year to reach a 26-year high. >>
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