More than a dozen Chinese developers gathered for breakfast at a Los Angeles hotel one Sunday earlier this month before taking off for meetings with property brokers, attorneys and potential business partners.
Prosecutors investigating hacking and bribery allegations at Rupert Murdoch’s News Corp. are seeking to interview a former employee of a U.S. unit who claims knowledge of illegal activity at the company, according to a person familiar with the matter.
New York City’s $140 billion retirement system pays Wall Street money managers about $360 million a year, the only one of the 11 biggest U.S. public- worker pensions that refuses to manage any assets internally. Larry Schloss, the city’s chief investment officer, says the practice must end.
A New York Post article saying J.C. Penney Co. is ending a home-goods deal with Martha Stewart’s company while facing a Macy’s Inc. lawsuit is the subject of a court hearing set for Sept. 25, a person familiar with the matter said.
News Corp., the subject of probes into voice-mail hacking and bribery at its U.K. newspapers, was asked by U.S. government investigators for documents relating to its highly profitable Wilton, Connecticut-based marketing unit, according to a person familiar with the matter.