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U.S. markets news

Australian dollar drops gains as markets wait on Fed
The Australian dollar could not hang onto overnight gains, as the Reserve Bank's growing unease over the housing market boom and a rebound in the iron ore price failed to provide the currency with lasting support.
U.S. stocks end lower; tech and small-caps lead losses  MarketWatch
Dollar Trades Near 6-Year High Versus Yen as Fed Begins Meeting  Businessweek
Reuters   Related articles »  
Behind Alibaba IPO: Innovation Chinese Style
BEIJING´┐ŻAfter revolutionizing e-commerce in China, Alibaba Group Holding Ltd may end up becoming the world's biggest-ever stock-market listing this week.
Alibaba boosts IPO as demand strengthens  Reuters
To US consumers, China's Alibaba is a non-entity  Economic Times
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Calpers decided to stop investing in hedge funds
The largest pension fund in the US, Calper (the California Public Employees' Retirement System), has decided to put an end to its hedge fund investments due to investments becoming expensive and complex.
UPDATE 1-Calpers scraps hedge fund strategy, to pull $4 bln from funds  Reuters
Calpers to exit hedge funds  Asia First Financial Intelligence Limited
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Shake-up at PUC, PG&E over emails related to San Bruno blast case
Michael Peevey, president of the California Public Utilities Commission, has removed himself from proceedings involving a fatal explosion in San Bruno.
3 PG&E executives fired for inappropriate emails with the Public ...  San Francisco Business Times
PG&E Officials Removed for Improper Communications  ABC News
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United offering flight attendants early out payment
Guam - United Airlines is offering its flight attendants a lump sum payout of up to $100,000 as part of an enhanced early out program.
United to offer up to $100000 lump sums to thin out flight attendant ranks  Chicago Tribune
United Airlines offers flight attendants $100000 in voluntary buyout  Reuters
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China foreign direct investment at four-year low
BEIJING--China's foreign direct investment fell in August to its lowest level in more than four years, in the latest sign that the world's second-largest economy is losing steam.
China's overseas investment soars  Herald Sun
China August FDI falls to lowest in at least two-and-a-half years  Reuters Canada
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Boston-area casino bidders agree to substantial changes
Share via e-mail. To. Add a message. Your e-mail. Print. Comments. Shown are the proposals for Wynn in Everett and Mohegan in Revere.
Commission plays tough with Wynn traffic issue  Boston Herald
Wynn, Mohegan differ on commission approaches  CommonWealth magazine
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Report ties sales-tax reliance to rising income inequality
Washington is among the states that depend most heavily on sales taxes for revenue, and a new report links a decline in growth of such funds to the rising concentration of wealth for the richest U.S.
State relies on sales tax for 45% of budget  Seattle Daily Journal of Commerce (subscription)
Report says Conn. income disparity making tax situation volatile  WSHU
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Orange Offers to Acquire Jazztel of Spain for $4.4 Billion
Orange SA (ORA) offered to acquire Spanish broadband provider Jazztel Plc (JAZ) for about 3.4 billion euros ($4.4 billion) in cash, marking the French carrier's biggest takeover attempt in almost a decade.
Orange weighs on European shares after Jazztel deal  Reuters
Orange Makes Offer to Buy Spain's Jazztel  Wall Street Journal
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U.S. stocks end mixed ahead of Fed meeting; Dow gains 0.26% - U.S. stocks ended Monday mixed to lower, with tech shares taking a beating ahead of an Alibaba initial public offering, with investors also jumping to the sidelines ahead of the Federal Reserve's Wednesday statement on monetary policy.
Dow, Nasdaq Teetering on Key Support Lines
Nasdaq slumps to worst day since July; S&P 500 dips  Reuters
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