California Public Employees' Retirement System
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Calpers gets backing for Apple proposal
Feb 11, 2011 15:31 EST
SAN FRANCISCO (Reuters) - Pension fund Calpers' proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc <AAPL.O> has been endorsed by three prominent proxy advisory services.
Calpers sues ex-Lehman execs over mortgage risks
Feb 08, 2011 14:02 EST
SAN FRANCISCO (Reuters) - Calpers sued a group of ex-Lehman executives and underwriters, alleging it bought over $700 million in bonds and Lehman stock without knowing the true condition of the now-bankrupt financial company.
Calpers seeking majority vote for Apple board
Feb 03, 2011 19:49 EST
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
Calpers seeking majority vote for Apple board
Feb 03, 2011 19:49 EST
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
Calpers seeking majority vote for Apple board
Feb 03, 2011 19:49 EST
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
Calpers pushes for majority vote for Apple board
Feb 03, 2011 17:21 EST
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
Lehman files new plan for repaying creditors
Jan 26, 2011 12:00 EST
WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
Lehman files new plan for repaying creditors
Jan 26, 2011 12:00 EST
WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
Lehman Brothers amends bankruptcy plan
Jan 26, 2011 01:01 EST
WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc <LEHMQ.PK> proposed a new plan for divvying up billions of dollars among its creditors after bondholders said the previous version was unfair.
SEC probing statements on Illinois pension
Jan 25, 2011 17:52 EST
CHICAGO (Reuters) - The U.S. Securities and Exchange Commission launched an inquiry into statements put out by the state of Illinois regarding the potential long-term savings from a pension reform law, a spokeswoman for Governor Pat Quinn said on Tuesday.
SEC probes California over Calpers: report
Jan 07, 2011 08:45 EST
(Reuters) - The U.S. securities regulator is examining whether the state of California violated securities laws by failing to disclose the risks attached to its public pension fund, the New York Times reported, citing a person with knowledge of the investigation.
Lehman creditors file competing reorganization plan
Dec 15, 2010 19:13 EST
NEW YORK (Reuters) - Lehman Brothers Holdings Inc bondholders filed a rival plan to parcel out the bank's estimated $58 billion in assets in the largest U.S. bankruptcy reorganization on record.
Special Report: After U.S. failure, HSBC pushes into China
Dec 09, 2010 07:48 EST
LONDON/HONG KONG (Reuters) - Edward Chow remembers the nervous days of the early 1990s in Hong Kong, when tens of thousands of people left the then-British colony, fearful of what would happen when Chinese rule returned.
Largest Calif. employee union OKs pension changes
Nov 09, 2010 20:13 EST
California's largest state employee union approves contract with pension changes, salary cuts. Members of California's largest state employee union approved a contract Tuesday that cuts pay by nearly 5 percent for 95,000 government workers and rolls back pension benefits, a move that will protect them from more sweeping government furloughs.
Public pension reform key issue in California race
Oct 27, 2010 03:02 EDT
LOS ANGELES (Reuters) - With decades of public service under his belt, 72-year-old California gubernatorial candidate Jerry Brown joked last month that he is the best pension investment California has ever seen.
Report: Bell police chief eyed tax-free pension
Sep 23, 2010 17:53 EDT
Report: Police chief in scandal-plagued Calif city sought deal for tax-free disability pension. The one-time police chief in the corruption-plagued city of Bell declared himself disabled when he took the job last year in a move that could someday earn him a tax-free state pension worth millions of dollars, the Los Angeles Times reported Thursday.
AP Investigation: Calif. pension bonuses examined
Sep 21, 2010 22:09 EDT
AP Investigation: As its value tanked, California's pension fund awarded raises, bonuses. As its investment portfolio was losing nearly a quarter of its value, the country's largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.
California plan to borrow $2 billion from Calpers dumped
Sep 17, 2010 05:13 EDT
SACRAMENTO, California (Reuters) - California Governor Arnold Schwarzenegger has dropped a proposal for the state's $211 billion pension fund to lend the state government $2 billion to help close its budget gap, a spokesman said on Thursday night.
Calpers and Schwarzenegger in talks about California loan
Sep 15, 2010 17:10 EDT
SAN FRANCISCO (Reuters) - California's $211 billion pension fund for public employees has been speaking with Governor Arnold Schwarzenegger's administration about providing it a $2 billion loan to help close the state government's $19 billion budget gap, a spokesman said on Wednesday.
California sues city officials in pay, pension flap
Sep 15, 2010 15:16 EDT
LOS ANGELES (Reuters) - California's attorney general on Wednesday sued officials at the center of a scandal over public pay and pensions in a Los Angeles suburb, seeking to remove them from office and force them to make restitution for salaries and pensions he says are exorbitant.