Similar to PayPal in the U.S., Alipay processes transactions on Alibaba's online shopping platforms. Bloomberg News. China's top e-commerce company raised its IPO price Monday in advance of its trading debut, valuing shares around 25 times underwriters' ...
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.
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.