The California Public Employees' Retirement System, with $298 billion worth of investments in its portfolio, announced that over the next year it plans to sell about $4 billion worth of hedge fund investments as part of a continuing process of simplifying its ...
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.
Even after five years of steady economic growth, Federal Reserve Chair Janet Yellen is likely to raise interest rates only gradually between 2015 and 2017 as inflation remains muted, according to a Bloomberg survey of economists.
Passengers on mainline United Airlines flights can now keep their electronic gadgets turned on throughout the flight as long as they are switched to "airplane mode.
The dollar weakened against most major peers and government bonds climbed before the Federal Reserve reviews interest rates. Most Asian stocks fell while metals rebounded.