CALIFORNIA DEPARTMENT OF FINANCE NEWS & INFORMATION
Tuesday, January 06, 2009
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LATEST CALIFORNIA DEPARTMENT OF FINANCE NEWS:

Firm in 'pay to play' probe got $770,000 from state
Gov. Ed Rendell was not aware that the Pennsylvania Housing Finance Agency awarded a no-bid contract in 2003 to a California company headed by a member of his transition team for the state Department of Revenue, his spokesman said today.

Ex-eBay CEO Whitman eyes run for California governor
Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

(AFX UK Focus) 2009-01-05 21:51 UPDATE 2-Ex-eBay CEO Whitman eyes run for California gov.
SAN FRANCISCO, Jan 5 (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California. Term limits mean Gov. Arnold Schwarzenegger, a Republican like Whitman, must leave the job in 2010, and high-profile figures in the Golden State from Democratic Senator Dianne ...

Wheat prices soared then sank in 2008
TWIN FALLS, Idaho - It was a wild ride for grain producers in 2008. Wheat prices soared to record highs of near $18 per bu. only to fall back below $6 per bu. by the end of year. Record world shortages of wheat sent prices soaring and growers responded by planting more wheat.

Richardson, Obama Teams Trade Blame
President-elect Barack Obama's vetting team underestimated a potential time bomb -- a grand jury investigation that had been focusing on New Mexico Gov. Bill Richardson's gubernatorial office, reports the Washington Post.

Figure in probe of Richardson gave to Rendell
CDR chief funded war chests of both governors. The president of the California company at the center of an investigation into the awarding of state contracts in New Mexico also gave money to Gov. Ed Rendell.

New Mexico governor's aides defend his disclosures
Weeks before President-elect Barack Obama chose New Mexico Gov. Bill Richardson to head the Commerce Department, a small group of volunteers with ethics, tax and investigative expertise -- most of them lawyers -- scoured his background looking for embarrassing facts or political problems.