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.
Investors played it safe on Monday ahead of a potentially pivotal Federal Reserve meeting, leaving the overall stock market little changed.
CNBC interview with Kenneth R. Feinberg, the lawyer hired by General Motors to compensate victims for accidents caused by its defective ignition switch.
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.