The nation's largest public employee pension, CalPERS, is now looking into the possibility of reinvesting in the tobacco industry. Opposing groups and individuals believe that the move will defeat the organization's purpose.
The US financial regulatory agencies are concerned on the leverage held by large hedge funds. Now, they called for a work group that would collect and analyze data on the private firms.
The planned acquisition of Energy Transfer Equity to its peer pipeline company Williams Co is on troubled waters. Certain provisions over the tax opinions have kept both companies in disagreement.
On Monday, UBS AG went to trial over the $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.
