L.A. council declares shelter crisis in effort to help the homeless

With an estimated 26,000 people calling Los Angeles sidewalks, cars and storm drains home, city officials on Tuesday approved an expanded campaign to help the homeless this winter by opening public buildings as temporary shelters and allowing people to sleep inside vehicles in designated lots.
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Martin Shkreli is now the CEO of a publicly traded pharmaceutical company

Martin Shkreli is now the CEO of a publicly traded pharmaceutical company. In a release on Thursday, KaloBios named Shkreli CEO and chairman of the board while also adding three new board members. KaloBios saw its stock price rise more than 400% on Thursday after Shkreli and his associates reported that they'd purchased 70% of the company's outstanding shares earlier this week.
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Help! My short position got crushed, and now I owe E-Trade $106,445.56

His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s. That’s where you come in. At least where Campbell desperately hopes you come in. Of course, sympathy in the trading community over such gaffes is typically in short supply.
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Can You Teach a Coal Miner to Code?

As America goes digital, its bluest collar workers are facing the toughest challenge of their lives.
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Rdio Was Losing $2 Million Each Month Before Bankruptcy

On Monday, Rdio declared Chapter 11 bankruptcy in one of the bigger busts in the era of streamed music. The filing was expected after an announcement that the on-demand service would sell some of its key assets to Pandora for $75 million, but court papers lodged in U.S. Bankruptcy Court in San Francisco, California reveal more about the company's financial state.
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Inside the Money Laundering Scheme That Citi Overlooked for Years

How Citigroup's Banamex USA unit turned a blind eye on the Mexican border. It may take prison time for senior executives or even bigger fines to get more banks to focus on preventing money laundering,
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UnitedHealth warns it may exit Obamacare plans

Insurance giant UnitedHealth Group blamed Obamacare for a lowered earnings forecast.
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