Ex-CalPERS, Buenrostro, Admits Bribes

Ex-CalPERS Chief Admits Receiving Bribes

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.

Citigroup has reached a settlement agreement over its role in the subprime mortgage crisis (AP)

Citigroup to Pay $7 Billion to Settle Subprime Probe

Citigroup said Monday it will pay about $7 billion to settle a federal investigation into risky subprime mortgages of the sort that helped spark the Great Recession.

Arts & Entertainment
espn, brand, value, history

How ESPN Became a $50B Sports Empire

ESPN has hit a sweet spot in a number of ways and remains immune from many of the ills surrounding other media companies. Its torrent growth pace may not yet be over.

HispanicBusiness 100

Introducing the Hispanic-Business 100

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.

Explosion from an Israeli airstrike in Gaza (AP)

Deaths Mount in Gaza Airstrikes

The Israeli military said it downed a drone launched by Gaza militants on Monday, while renewed Israeli airstrikes pushed the death toll to at least 175.

Amazon drone (Sky News)

Amazon Asks OK for Drone Deliveries

Amazon has officially asked the FAA for permission to use drones to deliver packages to customers in half an hour or less as part of its Amazon Prime Air service.

Pau Gasol, rejects Lakers'

Pau Gasol Turns Down Lakers' Offer

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.

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Conservation & Green Economy
oil train, safety

Public, Industry Weigh in on Oil Train Safety

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.

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