A harsh winter storm roared out of the Midwest late Sunday, driving the brunt of its wind, snow and ice into the Washington-Baltimore area, USA Today reports. The nation's capital was in its bull's-eye, forcing the federal government to shut down this morning.
The Walt Disney Co. will cut funding to the Boy Scouts of America beginning next year because of a policy that bans gay adult leaders in the organization, the Associated Press reports.
Bill Gates is back on top as the world's richest person, according to Forbes magazine's latest ranking of billionaires.
As a deadline to submit bid approaches, Los Angeles officials are stepping up their efforts to host the 2024 Summer Olympics and overcome perceived obstacles that could encourage the International Olympic Committee to look elsewhere, the Los Angeles Daily News reports.
Bloomberg News looks at why state leaders must work quickly to find a solution to California's largest fiscal issue – the $80 billion unfunded liability of the teacher pension system.
After more than a decade of directly overseeing $1 billion in education reform grants from his larger non-profit foundation, billionaire Eli Broad is grooming a replacement, Southern California Public Radio reports.
The Academy Awards remains television’s biggest non-football draw, with early indications showing last night’s Oscars rising a bit in the ratings — thanks in large part to increased interest in Texas, Variety reports. But a reviewer for the Hollywood Reporter panned the Ellen DeGeneres-hosted event as long, boring and too self-involved.
State Sen. Ron Calderon who is facing federal corruption charges alleging he took kickbacks while in office will take an indefinite leave of absence from the Legislature while he awaits trial, the Los Angeles Times reports.
Although its main campus is in downtown Boston, Emerson College is staking a claim in Hollywood with a dramatic new $110-million complex to house and instruct students who come West to sample the entertainment industry, the Los Angeles Times reports.
The Keystone oil pipeline is good idea for the United States, even though it would take away some business from his Berkshire Hathaway rail subsidiary BNSF, billionaire Warren Buffett told CNBC today. He also said the effects of climate change, "if any," have not affected the insurance market, another major Berkshire investment.
A federal grand jury is probing Citigroup Inc., including its Banamex USA affiliate, over compliance with the U.S. Bank Secrecy Act and anti-money laundering requirements, Reuters reports.
Microsoft Corp.’s newly-appointed Chief Executive Satya Nadella, in an effort to reignite growth, is shuffling management and putting former political operative Mark Penn in the new role of chief strategy officer, Bloomberg News reports.
Many entertainment industry workers in California have been hit hard as productions are lured to other states and countries that offer rich incentives, the Los Angeles Times reports.
In Monday morning trading, the Dow Jones industrial average was down 184 points, or 1 percent, to 16,137. The Nasdaq fell 46 points, or 1 percent, to 4,263. The S&P 500 fell 18 points, or 1 percent, to 1,842.
Hundreds of homes in the San Gabriel foothills are endangered by mudslides, and coastal communities are also facing threats from the storm, the Los Angeles Times reports. The Los Angeles Daily News reports on current conditions. And in case you've forgotten, here are some tips on how to safely drive in the rain.