'Never intended to be a tax shelter for millionaires,' Congressman says of retirement savings vehicle.
Victims of the most infamous Ponzi scheme lost $17.5 billion but this week, recoveries reached $10 billion. The cost of liquidating the con man's defunct investment advisory firm has topped $1 billion but his former clients aren't footing the bill.
Short-term pullback may have already come and gone while intermediate and long-term prospects remain sound.
A New York man admitted to illegally passing inside corporate information to a Morgan Stanley broker on notes at Grand Central Terminal, and then chewing and swallowing the evidence.
Pacific Investment Management Co.'s Bill Gross says insufficient credit creation, with economic growth of only about 2%, puts the U.S. expansion in jeopardy.
Investors starting to avoid companies that will suffer the most when the market stumbles.
Companies say EU membership is a big benefit
The comedienne prepared for death by talking about, and apparently, enabling her daughter as decision-maker
The stock market ain't the party it used to be. It just blasted through one important psychological barrier, and another now looks tantalizingly close. Yet the mood among investors is dour and businesslike.
Sales of Elite Access product helps firm stay ahead of Lincoln National, TIAA-CREF and AIG.
