The California Public Employees' Retirement System plans to divest the entire $4 billion that it has with hedge funds, saying they're too expensive and complex.
NEW YORK (Reuters) - United Airlines and union officials said Monday that eligible flight attendants will be paid up to $100,000 to leave the company through a voluntary buyout, in a deal that aims to end furloughs at the over-staffed airline.
Brian Cherry, vice president of regulatory relations at Pacific Gas & Electric Co., was terminated after violating rules governing how companies communicate with California's Public Utilities Commission, the company said.
CNBC interview with Kenneth R. Feinberg, the lawyer hired by General Motors to compensate victims for accidents caused by its defective ignition switch.
RALEIGH N.C. (Reuters) - Duke Energy Corp, the largest provider of electric power in the United States, will invest $500 million in a major expansion of its solar power program in North Carolina, the Charlotte-based company said Monday.