(Photo credit: Joe Raedle/Getty Images News)

Google, Fidelity Fuel Elon Musk’s SpaceX With $1B Investment

SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion.



L.A. Clergyman Sentenced For Ponzi Scheme

A Los Angeles clergyman who ran a Ponzi scheme that cost investors $4.6 million has been sentenced to 10 years in federal prison.


(credit: Tim Boyle/Getty Images)

Back To Normal? Investors’ Exit Could Stabilize Home Prices

Southern California’s housing market could be normalizing following the apparent exit of big investors, according to one industry analyst.


(credit: CBS)

OC Inventor Makes A Splash With WaterCar That Reaches Speeds Up To 80MPH

What started as a weekend project with Dave March and his son has turned into one for the record books.

CBS2 / KCAL9–01/16/2014


Will Smayda From Merrill Edge Shares Retirement Tips For Investors

Will Smayda from Merrill Edge visited KCAL9 Monday to talk about retirement plans for 2012. Smayda shared new developments that can help investors better prepare for retirement.

CBS2 / KCAL9–01/23/2012

(credit: Nicholas Kamm/AFP/Getty Images)

California To Cash In If Facebook Stock Goes Public

California’s economy may improve if Facebook stock goes public. Sources say the world’s largest social networking site is preparing for an initial public stock offering.

CBS2 / KCAL9–01/12/2012


Jodie Foster’s Estranged Dad Accused Of Bilking Investors Out Of More Than $130K

Jodie Foster’s estranged father is facing criminal charges in an alleged housing scam in the San Fernando Valley.


wall street stocks drop down

Buy Low Or Stay Put? Wall Street Plunge Gives Investors Pause

In the world of personal finance, it’s not just a matter of determining if the glass is half-full or half-empty, but whether you should be drinking at all.

KNX 1070 NEWSRADIO–08/18/2011


FBI Investigates Woman’s Real Estate Venture

The FBI is investigating whether a Seal Beach real estate saleswoman bilked dozens of investors out of thousands of dollars each while using a software program to make intimidating calls to keep them quiet.


(credit: CBS)

West Covina Woman Faces 86 Years For Ponzi Scheme

A West Covina woman who promised investors up to 20 percent returns on their money has pleaded guilty in a nearly $7 million real estate and small business Ponzi scheme.


(Credit: AP Photo/Ric Francis)

$148M Bargain: Asian Investors Buy Site Near Beverly Hilton

Thanks to a slumping housing market, investors from Hong Kong and Singapore scooped up the site for a hefty savings from its 2007 sale price of about $500 million.