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Wall Street to open lower, eyes on Fed meeting

NEW YORK - U.S. stocks were set to open lower on Tuesday with traders positioning for a Federal Reserve meeting expected to provide clues on the short term direction of U.S. interest rates.

Recent Business News

UPS to hire up to 95,000 seasonal employees for holiday season

- United Parcel Service Inc , the world's largest courier company, said it would hire 90,000 to 95,000 seasonal employees ahead of an expected surge in package deliveries through the holiday shopping season.

9:00am EDT

Calpers dumps hedge funds citing cost, to pull $4 billion stake

- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

Money, Deals 8:02am EDT

Exclusive: U.S. safety chief raps GM's 'flawed' culture on recalls

(This Sept. 15 story corrects title in second paragraph to deputy administrator from acting administrator)

Airbus to sell off business units in defence and space review

BERLIN/PARIS - Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.

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