You all know the headlines: the biggest ever tech float. The biggest ever Chinese float. The biggest ever US IPO. In fact, after yesterday's increased price range, very likely the biggest IPO ever, with the potential to raise over US$25 billion.
The California Public Employees' Retirement System has decided to eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity and costs in its investment program.
A deadly pipeline explosion that shattered a California town four years ago continues to rip through the state agency weighing a record penalty for the disaster.
United Airlines, the only major U.S. carrier to post a quarterly loss this year, is offering its flight attendants buyouts of as much as $100,000 as it seeks to rein in costs.
Workers rest in Shanghai--China's foreign direct investment fell in August to its lowest level in more than four years. Agence France-Presse/Getty Images.