Rich Saskal

ALAMEDA, Calif. — The California Supreme Court upheld Gov. Arnold Schwarzenegger’s employee furlough policy Monday.

ALAMEDA, Calif. – The five men negotiating California’s long-overdue budget said Friday night that they have come to an agreement.

ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger Thursday vetoed a bill that would have expanded the authority of redevelopment agencies into job-creation activities.

ALAMEDA, Calif. — It has been more than six years since San Diego dropped its disclosure bombshell about failing to tell investors of the city’s pension ­underfunding.

Describing it as bad policy, Gov. Arnold Schwarzenegger Wednesday vetoed a bill that would have authorized California governments to raise upfront cash by securitizing the future subsidy streams for Build America Bonds they have issued.

ALAMEDA, Calif. — RH Investment Corp. this week announced that it has hired Richard Buckton to round out its recently created institutional trading desk.

ALAMEDA, Calif. — California Treasurer Bill Lockyer is preparing to take out a multibillion-dollar bridge loan from major banks once the nation’s most populous state adopts a budget.

ALAMEDA, Calif. — California Treasurer Bill Lockyer is preparing to take out a multibillion-dollar bridge loan from major banks once the nation’s most populous state adopts a budget.

ALAMEDA, Calif. — California state lawmakers negotiating a budget with Gov. Arnold Schwarzenegger said Thursday night that they’d achieved a framework for an agreement.

Primary voters in Hawaii Saturday gave long-time congressman Neil Abercrombie the Democratic nomination for governor.

Citing what it deems to be effective efforts to counteract the overall decline of horseracing in California, Fitch Ratings Wednesday revised the outlook to stable from negative on the Del Mar Race Track Authority’s BBB-minus revenue bonds.

The Victor Valley Community Hospital filed for Chapter 11 bankruptcy protection earlier this month.

SAN FRANCISCO — The municipal bond market does a poor job providing retail buyers with necessary information, a worse job providing them with continuing disclosure about their investments, and is an awful place to sell those investments.

ALAMEDA, Calif. — The city of Bell mismanaged general obligation bond funds, illegally increased taxes and fees, and engaged in numerous practices that suggest possible intentional abuse and misuse of city funds, according to an audit the California controller’s office released Wednesday.

ALAMEDA, Calif. — Fitch Ratings washed its hands of the troubled Bell, Calif, on Monday, withdrawing its ratings after issuing a final downgrade to the city’s already junk-rated debt.

ALAMEDA, Calif. — This week, ­California is on track to set a record for its latest-ever budget.

ALAMEDA, Calif. — The Securities and Exchange Commission is investigating bonds issued by Victorville, Calif., and its enterprises, a city official has confirmed.

SAN DIEGO — The future of toll roads in California lies largely in managed lane projects, according to participants at a conference here this week.

Moody’s Investors Service on Wednesday slashed the Hayward Unified School District’s certificates of participation to one notch above junk, citing a possible budget implosion.

ALAMEDA, Calif. — The California economy is recovering, but so slowly that it’s hard to notice.