In a stunning admission covering years of corruption, the former chief executive of CalPERS said Friday he accepted $200,000 in cash, along with a series of other bribes, from a Lake Tahoe businessman who was attempting to influence billions of dollars in pension fund investment decisions.
The United States' second- and third-largest tobacco companies, Reynolds American and Lorillard, confirmed that they are negotiating a merger deal that would create a giant with a $56 billion market value.
While the HispanicBusiness 500 index long proved to be a solid barometer of the Hispanic market in this country, tough economic times have pared the number of companies that qualify for the index. We now introduce the HispanicBusiness 100.
Newcomers to a disliked institution, three freshman members of the U.S. House of Representatives from the St. Louis area, say they are as frustrated as their constituents at Congress' inability to get much done.
Spanish veteran big man Pau Gasol has rejected an initial contract offer from the Los Angeles Lakers and is reportedly trying to decide whether to sign with the Chicago Bulls or the reigning-champion San Antonio Spurs.
The Pipeline and Hazardous Materials Safety Administration is drafting regulations to improve the safety of rail shipments of crude oil following a series derailments, explosions and fires. With billions of dollars at stake, the railroad, oil, ethanol and chemical industries have been trying to shape the rules to their advantage in a series of meetings with the White House and PHMSA.