The insurance broker will acquire all of HRH’s outstanding shares of common stock for $46, 50% cash and 50% stock.
Exchange traded funds were an oddity at the start of the decade.
In 2018, the mutual fund business will look much like today's, industry experts predict.
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.
In another blow to a reeling economy, the unemployment rate surged to 5.5% in May, from 5% in April.
T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
