Bullet Train Project In Danger After Judge Blocks Sale Of BondsA Sacramento County Superior Court judge is blocking the sale of bonds to build California's bullet train and has rejected the state's funding plan, jeopardizing the future of the project.
Reduced Price Tag May Revive Plans For Calif. High-Speed RailOfficials with the state board overseeing the project said they have managed to trim $30 billion off of the estimated $98 billion price tag.
IRS Launches Probe Of Vernon $419M Bond OfferingThe city of Vernon faces an audit by the Internal Revenue Service over $419 million in bonds that may have violated tax laws, it was reported Monday.
LA County Left 'Holding The Bag' For $1B In Vernon Bonds?An effort by state lawmakers to dissolve the cash-strapped city could have a big financial impact on L.A. County.
City Releases Tentative Funding Agreement On LA StadiumNearly three-quarters of funding to relocate a convention center hall to accommodate a downtown Los Angeles NFL stadium would come from guaranteed payments to the city by developer AEG under a tentative plan released for comment.
Stocks, Bond Yields Sink Following Gloomy Economic ReportsStocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
Calif. To Get Another $902M For High-Speed Rail SystemFederal lawmakers say the state of California is getting another $902 million in federal funding to advance the design and construction of a high-speed rail system initially running from San Francisco to Los Angeles.