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Real Estate Directory » Real Estate Apartments and Rentals » Real Estate Roommates » 
California
 

California

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California News

Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.


November 21st, 2008 - 03:52 PM   
Three more banks - two in California and one in Georgia - failed Friday, bringing to 22 the number of institutions forced to close in the wake of the financial crisis.


LOS ANGELES -- Federal regulators seized Downey Savings & Loan and PFF Bank & Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound.


The incidence of sudden infant death syndrome (SIDS) in California fell significantly in the 1990s but has held steady since 2002, according to a new report.


California's unemployment isn't just getting worse. It's getting worse faster. With the economic slowdown deepening at an alarming pace, statewide unemployment shot up a half a point last month to 8.2 percent, the Employment Development Department said Friday. That means unemployment has jumped 2.5 points since October 2007, the biggest one-year leap since the recession of 1982, said Howard ...


Bank regulators in two states shut down three institutions Friday -- one in Georgia and two in California. They are the 20th, 21st and 22nd federally-insured operations to be closed this year.


A $35 million revamp of the California Avenue Caltrain Station in Palo Alto is partly complete, with a new northbound boarding platform opening today.


Nov. 21 (Bloomberg) -- Nissan Motor Co. , seeking to lead a developing market for non-polluting electric cars, said it will supply battery-powered cars to California's Sonoma County and help set up charging stations to keep them running.


Federal regulators have shut down two big thrifts based in California, saying they fell victim to the acute distress in the housing market in that state.


Prices of homes in California are down more than 40 percent for their peak, dragged down by the large number of foreclosed homes on the market.



 
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