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Beware of unsolicited home offers for off-market properties

Beware of unsolicited home offers for off-market properties

Karolynne and Randolph Gee have lived in the same house in Laurel Canyon since 1963. They say the Mamas and Papas once resided nearby. So did Linda Ronstadt.It’s a modest house — two bedrooms, one bath — not fancy by any stretch of the imagination. But it’s home. The Gees...

Citigroup shores up for bad loans with $8bn provisions

Citigroup shores up for bad loans with $8bn provisions

Citigroup has shored up its bulwark against soured loans as a “deterioration” in the economic outlook caused the US lender to reassess the prospects for some its commercial clients. The bank’s net income for the second quarter came in at $1.3bn, down 73 per cent from the year before, and...

How Facebook keeps its biggest advertisers happy

How Facebook keeps its biggest advertisers happy

Facebook likes to roll out the red carpet for its biggest advertisers, offering everything from birthday cakes to ski trips, and dinners at the Silicon Valley home of its chief operating officer, Sheryl Sandberg.The social media company made nearly all of last year’s $71 billion in revenue from advertising and...

Singapore GDP shrinks a record 41.2% in second quarter

Singapore GDP shrinks a record 41.2% in second quarter

Singapore fell into recession for the first time since the global financial crisis, with gross domestic product contracting by 41.2 per cent in the second quarter after the city-state imposed a lockdown to battle coronavirus.The quarter-on-quarter squeeze in gross domestic product was the largest on record, according to preliminary figures...

Despite coronavirus, stocks close best quarter since 1998

Stocks slam into reverse as California dials back reopening

Wall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to losses after California rolled back its reopening plans amid a spike in cases.The Standard & Poor’s 500 index fell 0.9%, with all the...

Coronavirus latest: Record 41.2% GDP plunge pushes Singapore into recession

Coronavirus latest: Record 41.2% GDP plunge pushes Singapore into recession

US hospitalisation numbers continue to mount, defying weekend lag Peter Wells in New York and Emma Boyde in Hong Kong The number of people being hospitalised in the US due to Covid-19 continued to rise, defying the usual lag in reporting weekend numbers on a Monday, suggesting a worrying burden...

Hot Property: Lee Phillip Bell's Malibu home sells for $18.3 million

Hot Property: Lee Phillip Bell’s Malibu home sells for $18.3 million

The longtime Malibu Colony home of soap opera creator Lee Phillip Bell and her husband, William J. Bell, has sold for $18.275 million, records show.The transaction is the second-highest recorded in the guard-gated beach community this year, records show. In February, action-film star Jason Statham sold his Malibu Colony home...

Fauci says US local public healthcare is ‘in tatters’

Fauci says US local public healthcare is ‘in tatters’

Anthony Fauci has warned that the infrastructure for US local public health is “in tatters”, and has called for the government to learn the lessons of the current pandemic and to invest in preparations for the next one. The top doctor on the White House’s coronavirus task force, who has been...

Hiltzik: How 'Arrowsmith' (1925) foresaw the COVID-19 pandemic

Hiltzik: How ‘Arrowsmith’ (1925) foresaw the COVID-19 pandemic

America has had a curious relationship with Sinclair Lewis, the very first of our Nobel laureates in literature. “The books are little read today, and he’s seldom discussed in his native land outside his home town, Sauk Centre, Minnesota,” lamented Gore Vidal in 1992. “Sinclair Lewis seems to have dropped...

China imposes sanctions on US lawmakers in retaliation for Xinjiang measures

China imposes sanctions on US lawmakers in retaliation for Xinjiang measures

China has imposed sanctions on a group of Republican lawmakers in the US in retaliation for measures announced by Washington last week over alleged human rights abuses against ethnic minorities in Xinjiang province.The Chinese foreign ministry said Beijing would place Senators Marco Rubio and Ted Cruz, two influential Republicans who...