Rajat Gupta, the former Goldman Sachs Group Inc. director and McKinsey
& Co. managing director, was
sentenced to two years in prison for passing inside tips to his
business partner.
Pacific Investment Management Co.'s Bill Gross said structural headwinds
will dominate the economic debate no matter who wins the U.S.
presidential election.
More than 80 chief executive officers of U.S. companies, including Cisco
Systems Inc., Microsoft Corp. and Loews Corp., are now supporting a
campaign to reduce U.S...
Federal Reserve Chairman Ben S. Bernanke says he'll stoke the economy
until the job market recovers "substantially...
The New York metropolitan area had the biggest jump in foreclosure
filings among top U.S...
by
Karen DeMasters
America's affluent investors are considerably more optimistic than they
have been in recent years about the U.S. economy and their own
prospects, according to a survey by PNC Wealth Management.
by
Dorothy Hinchcliff
The Fed said the economy is still growing modestly and
unemployment remains elevated as it maintains $40 billion in monthly
purchases of mortgage-backed securities aimed at spurring the...
Republican presidential nominee Mitt Romney's latest income tax cut
proposal would be able to pay for itself by placing a cap on individual
deductions, according to the Tax Foundation.
by
Karen DeMasters
Gerber Kawasaki Wealth & Investment Management has joined LPL
Financial broker-dealer and hybrid RIA platforms, adding $175 million in
assets under management to the LPL network.
by
Dorothy Hinchcliff
Morgan Keegan & Co., the brokerage firm acquired by Raymond James
Financial Inc., was ordered by a federal appeals court to pay a group of
18 investors a $9.2 million arbitration award.
Sun Life Financial Inc., Canada's third-largest insurer, is seeking a
buyer for a U.S. annuities business that may fetch more than $1 billion,
said people with knowledge of the matter.
T. Rowe Price Group Inc., the asset manager that has posted a profit
every quarter since going public in 1986, said third-quarter earnings
rose 33 percent, beating analysts' estimates.
by
Dorothy Hinchcliff
Women have gained little ground in political leadership around the
world, with men still in about 80 percent of key elected and appointed
positions, according to the World Economic Forum's annual...
by Juliette Fairley
Thornburg managers discuss what kinds of companies look promising in an uncertain economic and political environment.
by Juliette Fairley
Mutual fund manager Ryan Crane has won numerous U.S. and Pan-American biking championships. Sports ability seems to run in the family, considering his uncle won a Super Bowl ring.
by Maureen Nevin Duffy
Well-known advisor Harold R. Evensky says research he did shows active management does not produce better returns, even during recessions. Others beg to differ.
Pimco is prepared to cut its holdings of emerging-market corporate debt
next year on concern a flood of new sales and further economic slowdown
in China will put an end to a 12-month rally in the...
by
Karen DeMasters
Fewer employees are likely to get health benefits in retirement as
employers drop or change the benefit, says a new report by the EBRI.
Gold futures fell to a six-week low as the dollar's advance curbed
demand for the metal as an alternative investment. Palladium tumbled the
most since March.
