BOSTON — Labor activists are using a Securities and Exchange Commission rule requiring mutual fund proxy disclosure to ratchet up the pressure on executive compensation that they consider excessive.
PHILADELPHIA — At a time when many financial advisers think that investors should stay away from high-yield bonds because they are too risky, along come two high-yield products that investors can use to hedge some of that risk.
WASHINGTON — New default options that the Department of Labor will likely approve for 401(k) investments will have a “significant” impact on the way mutual fund assets are invested, independent fund directors were told at a conference here April 12.
NEW YORK — Dice Holdings Inc., which operates career- and job-oriented websites, including Dice.com and JobsintheMoney .com, plans to raise $100 million through an initial public offering.
WASHINGTON — Financial advice professionals who routinely log 60-hour workweeks may be spinning their wheels, a new report suggests.
SAN FRANCISCO — David Byers was hired away last month from H&R Block Inc. to apply big company retailing tactics to The Mutual Fund Store LLC.
Online brokerage firm optionsXpress Holdings Inc. reported an 18% increase in first quarter profit, helped out by an increase in new accounts, but fell short of Wall Street expectations.
H & R Block announced today that it will sell its Option One Mortgage Corp. unit to private equity firm Cerberus Capital Management LP.
Another top executive has walked away from the Pacific Select Group LLC, the soon-to-be-dismantled broker-dealer network of Pacific Life Insurance Co. of Newport Beach, Calif.
JPMorgan Chase & Co. chief executive T. Timothy Ryan has withdrawn himself from consideration to be the Department of the Treasury's top international policy adviser, according to published reports.
