The economy contains some upcoming pitfalls for investors, said James Rothenberg, chairman and principal of Capital Research and Management Company.
On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.
Diana Cantor will be leaving her post as founding executive director of the Virginia College Savings Plan, the country's largest 529 program.
HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.
Former SEC chairman and activist trader Richard C. Breeden is seeking three board seats at H&R Block.
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Limiting deductions for state and local taxes could pay for reforming the alternative minimum tax.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
