SACRAMENTO (AP) - Oakland's city leaders took a risk when, rather than lay off more staff or cut services, they decided to borrow nearly $213 million to cover pension payments owed to retired city workers. They're betting that the pension fund's investments will earn more than the cost of issuing pension obligation bonds.
SACRAMENTO (AP) - The federal government on Thursday approved California's plan to run its own health insurance market, a milestone in the state's effort to meet requirements of the national health care reform law.
RETIREES PROMISED LIFETIME HEALTH COVERAGE SUE: LIVERMORE (AP) - A California appeals court says Lawrence Livermore National Laboratory retirees who were promised lifetime health care can sue over a switch to a private plan that costs more and covers less.
ECHO SUMMIT (AP) - A snowy December that kept Sierra ski resorts busy also had California's water managers hopeful Wednesday at the start of a monthly snow-measuring ritual that determines everything from types of crops planted to municipal water allocations.
SACRAMENTO (AP) - The deal to avoid the so-called fiscal cliff in Washington will bring a reprieve to California's slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts.
POINT REYES DROWNING PROMPTS WARNING ABOUT HIGH WAVES: POINT REYES (AP) - Authorities are warning beachgoers to be careful after a man was swept out to sea by a large wave and drowned while trying to save his dog on a Northern California beach.
PASADENA (AP) - With a wave of her bandaged left hand, and boosted by well wishes from Dr. Phil, Chris Evert and even a young woman she once babysat, Hannah Storm returned to a most comfortable setting - talking in front of a TV camera.
MONTE SERENO (AP) - A Silicon Valley venture capitalist killed in his mansion had been accused by former business associates of underhanded dealings and attempts to hide millions from creditors, court documents have revealed.