California

The California Supreme Court ruled in the Expo Line's favor on environmental challenges that could have shut down the $1.5 billion second phase of the light rail project linking Los Angeles and Santa Monica.

Los Angeles Unified School District will bond to provide students with iPads but officials say they will match bond maturities with the lifespan of the tablets.

Bond investors are seeking a court order blocking Richmond, Calif., and Mortgage Resolution Partners LLC from seizing mortgages through eminent domain.

Los Angeles County Treasurer/Tax Collector Mark Saladino announced that his office will no longer do business with financial firms that make political contributions to school bond campaigns.

Standard & Poor's has upgraded the rating on Esparto Unified School District, Calif.'s general obligation bonds to A-plus from A based on growth in revenues.

Moody's Investors Service has downgraded the rating on Redwoods Community College District to A1 from Aa2 and assigned a negative outlook.

In a response to an audit from the state controller's office, Stockton, Calif. officials said it did not provide any new information and instead slows down the city's recovery.

Fitch Ratings upgraded the state of California's general obligation bonds to A from A-minus citing improved financial management and revenue.

In an audit of Stockton's finances, California Controller John Chiang says city officials should have seen the warning signs of trouble that sent Stockton into bankruptcy.

The San Bernardino Public Employees Association could withdraw its opposition to the city's eligibility to be in bankruptcy if the two parties reach an agreement on the union's contract.

Richmond, Calif.'s plan to help homeowners avoid foreclosure will not likely be successfully implemented, according to Moody's Investors Service, but it's still credit negative for residential mortgage backed securities.

The Regents of the University of California is planning to sell $665 million of fixed and variable rate medical center pooled revenue bonds.

A Federal Bureau of Investigation spokeswoman confirmed a taskforce has been formed to investigate political corruption in Orange County, but no information has been released about the impetus or targets of the investigation.

The U.S. Bankruptcy Judge in the San Bernardino Chapter 9 case will appoint Gregg Zive, U.S. Bankruptcy Judge for the Reno, Nev., district, as mediator.

Peter Koht, Santa Cruz's economic development director, has left the department after four and a half years.

A bond restructuring underway by the Southern California Public Power Authority on $371.5 million in natural gas prepayment debt could result in ratings upgrades by two rating agencies if efforts are approved by bondholders.

California is planning to sell $5.5 billion of revenue anticipation notes in its annual cash flow borrowing deal in August.

Moody's Investors Service affirmed the Baa3 credit rating of a Lancaster-Calif.-based Antelope Valley Healthcare District that had been placed on review for downgrade.

Standard & Poor's has upgraded its rating on Santa Rosa, Calif.'s wastewater revenue bonds, citing its customer base and liquidity.

San Diego Mayor Bob Filner said during a press conference he will take two weeks off to undergo behavioral counseling, according to a live report from San Diego's ABC Channel 10 news.