Barclays PLC might receive about $927 million from Sumitomo Mitsui Financial Group Inc. to bolster its depleted balance sheet.
Hedge funds posted positive returns in May, despite growing concerns that inflationary pressures and spiking oil prices would hinder growth rates.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Investors put more than $75 billion into mutual funds in May, as stock, bond and money market funds reported positive inflows.
Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.
Target date funds are benefiting from the requirement that 401(k) plans include qualified default investment alternatives.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
Some 21% of participants are now contributing at a lower rate and 4% have stopped altogether, according to Putnam.
The deal would transform Apria Healthcare into a private company wholly owned by Blackstone and its affiliates.
The firm issued a statement at a shareholders’ meeting at which Investors Against Genocide had raised the issue through shareholder proxy voting.
