Leslie Van Houten, who as a follower of cult leader Charles Manson took part in one of the most notorious mass murders of the 20th century, was recommended on Thursday for parole, officials said, a first step towards freedom after more than four decades in prison. Van Houten, 66, has been serving a life sentence for the murders of Leno and Rosemary LaBianca, who were stabbed to death in their Los Angeles home on Aug. 9, 1969. The recommendation of California's Board of Parole Hearings is subject to an administrative review before going to California Governor Jerry Brown.
BILLINGS, Mont. (AP) — A man accused of killing his wife and two of her relatives in a tiny Montana town told authorities that a stranger must have broken into the house they shared and shot the victims, court documents released Thursday said.
LOS ANGELES (AP) — Fred Hayman, the dapper entrepreneur whose vision transformed a nondescript Southern California street into one of the world's pre-eminent fashion districts, earning him the sobriquet "Godfather of Rodeo Drive," died Thursday. He was 90.
SALT LAKE CITY (AP) — Johnson & Johnson is ending a policy to set minimum prices for contact lenses, a move that will likely have ripple effects on legal battles and bitter price wars in the $4 billion industry.
A businessman at the center of a federal corruption probe involving New York police officers and Mayor Bill de Blasio's fundraising helped arrange an investment by the correction officers' union in a hedge fund, a person familiar with the matter said on Thursday. Jona Rechnitz, who heads a New York real estate firm, referred the president of the city's Correction Officers' Benevolent Association, Norman Seabrook, to Platinum Partners, which received an investment of at least $10 million, the source said.
Starting around 2010, hedge fund manager Platinum Partners lent the reseller of electricity and natural gas tens of millions of dollars, and then took at least a 20 percent equity stake in the fast-growing company. Platinum’s Value Arbitrage fund, meanwhile, gained 9.4 percent, far ahead of its sector average of 2.46 percent.
New York City's largest public pension is exiting all hedge fund investments in the latest sign that the $4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and high fees. The board of the New York City Employees Retirement System (NYCERS) voted to leave blue chip firms such as Brevan Howard and D.E. Shaw after their consultants said they can reach their targeted investment returns with less risky funds. The move by the fund, which had $51.2 billion in assets as of Jan. 31, follows a similar actions by the California Public Employees' Retirement System (Calpers), the nation's largest public pension fund, and public pensions in Illinois.
HOLLIDAYSBURG, Pa. (AP) — The Latest on a Pennsylvania hearing in the case of three former Franciscan leaders charged with child endangerment for allegedly knowing a friar had been accused of molesting more than 100 children (all times local):