Ricardo Duran

Lockyer Urges California Pensions to Sell Firearms Stocks

California Treasurer Bill Lockyer said he’ll propose that the state’s public pension funds, the two largest in the U.S., sell off investments in firearm manufacturers that make guns prohibited under state law.

Timken Owners Lose $1.3 Billion Without Spinoff: Real M&A

Timken Co., the bearings maker that trades at the lowest earnings multiple among its peers, is costing shareholders the chance to recoup $1.3 billion in market value lost this year by not spinning off its steel unit.

Brown Seeks Sovereign Wealth to Back High-Speed Rail Line

California is courting sovereign- wealth funds, pensions and endowments for more than $50 billion to build Governor Jerry Brown’s proposed bullet train to link the state’s largest cities, the most expensive public-works project in U.S. history.

Californa Teachers’ Pension to Withhold Votes for Entire News Corp. Board

The California State Teachers’ Retirement System will oppose re-election of News Corp.’s entire board, including Chairman and Chief Executive Officer Rupert Murdoch, citing a lack of independent members.

California Teacher Fund Targets Pension-Inflating Spiking

The California State Teachers’ Retirement System cut payments to a former San Francisco Bay Area superintendent after concluding that a $61,000 raise in his final year of work was intended to boost his pension.

California Teachers’ Pension Makes $500 Million Infrastructure Investment

The California State Teachers’ Retirement System, the second-largest U.S. public pension, said it will invest $500 million in infrastructure projects such as water lines and mobile-phone towers.

Anschutz Buys Out L.A. Hotel Partner, Creating Teachers’ Pension Fund Loss

Philip Anschutz, who seeks taxpayer support for a $1.4 billion downtown Los Angeles football stadium complex, bought out a partner in his nearby hotel and condo project at a loss to investors including state teachers.

California Pension Fund to Engage With Facebook on Governance

Facebook Inc., the social-networking company planning an initial public offering, faces corporate- governance scrutiny from one of its investors, the California State Teachers’ Retirement System.

News Corp.’s Carey Holds Talks With Investors to Address Governance Issues

News Corp. Chief Operating Officer Chase Carey, reacting to the scandal over phone hacking at the News of the World tabloid, is holding discussions with some large investors over governance and other concerns.

California Pension Looks to Ontario Experience to Reduce Outside Managers

The California State Teachers’ Retirement System, exploring changes in hiring and pay to reduce its dependence on external managers, is looking to one of Canada’s biggest public retirement funds for advice.

"Our investment branch is examining the Cerberus investment to determine how best to move forward given the tragic events of last Friday in Newtown, Connecticut."

- Ricardo Duran on Dec 17, 2012

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Rupert Murdoch

Singapore’s Changi Airport Seeks Growth With Gold, Tuna

Gold Extends Longest Losing Streak in Four Years as Silver Sinks

Yen Climbs as Japan Signals Negative Impact From Further Losses

China Home-Price Gains Signal Growth Challenge for Li

Asian Stocks Extend Advance as Yen Strengthens, Gold Declines