L.A. Suburb Faces Financial Collapse
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A disastrous gamble in the insurance business has pushed this Los Angeles suburb to the brink of financial collapse and raised fears that Gardena's bankers might try to seize the city's parks, gymnasiums, even the swimming pool.
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The house in East Hollywood where the novelist spent his pivotal years is under threat of demolition. Will Los Angeles save it?
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CHICAGO The Pritzker family co-owned a suburban Chicago bank that failed three years ago. Now, it appears set to receive tens of (M) millions of dollars in a settlement involving the bank&#39;s collapse.
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Practical tips for when your financial house is in disarray.
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Some kibbutzes are on the verge of collapse as they cope with debt and attrition.
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For hundreds of thousands of Americans facing spiraling mortgage costs, the last hope of keeping their home may lie in a classroom in a back office of a local nonprofit group.
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ONTARIO, California  - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California.
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More than a million homeowners could be at risk of serious financial difficulty in an economic slowdown, City regulator warns
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LOS ANGELES Financial problems have shut down two Los Angeles County emergency rooms for good over the past two weeks -- raising concerns that the county&#39;s remaining E-Rs may be overwhelmed.
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Even Hollywood's rich and famous can't avoid the housing downturn.
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This is a boomtown, but it is also scattered with signs of bust &#151; namely, homeless people. And the city is taking a hard line against them.
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California faces a double-digit  fall in housing prices over the next year and a half, a major  builder, a lender and the state treasurer said on Monday in a  discussion of how long the subprime mortgage crisis would drag  on the Golden State.
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An Australian hedge fund has become the latest casualty of the upheaval in the credit markets, filing for bankruptcy in New York.
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As real estate values fall, local governments from Virginia to California are cutting services and shelving projects.
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LOS ANGELES -- Financial problems caused mainly by the treatment of uninsured patients have forced two emergency rooms to close in Los Angles County, raising concerns that other facilities may be overwhelmed.
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The collapse of the fabled Levitt & Sons, the first big home builder to fail in the current slump, illustrates how the real estate turmoil is spreading far beyond subprime borrowers.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.