Fifty-five million Social Security beneficiaries will receive a 3.6% cost-of-living adjustment next year, the U.S. government said last week
If the drawdown of assets is done properly, it's best to delay taking that government check.
Bank of America Corp.'s David Darnell, the commercial banker put in charge of the lender's Merrill Lynch brokerage, promised employees he'll do anything including “get out of the way” to help them improve results.
Given the recent spate of bad news, it seemed that somebody big had to go at Bank of America. Merrill Lynch president Sallie Krawcheck drew the short straw. The real question is: Did Sallie ever really have a chance of succeeding at BofA?
McNabb opposes excess capital requirements or floating rate NAV; 'will disappear'
Fidelity Investments has named Jeffrey S. Feingold to run the $17.4 billion Magellan Fund, replacing Harry Lange, who oversaw a two-thirds decline in assets in what was once the largest U.S. mutual fund
While Mr. Corzine generally backs the Obama administration's push for regulatory reform, he doesn't agree with every piece of the legislation and has concerns about how new laws will be applied.
Bill Gross, manager of the world's biggest mutual fund, is seeking to reassure clients that he hasn't lost his touch after he misjudged the extent of the economic slowdown, causing his Pimco Total Return Fund to trail rivals this year
Bill Gross has increased holdings of mortgage bonds in Pimco's flagship fund to the highest level since January in light of the Federal Reserve Board's announcement of plans to reinvest housing debt into the securities to drive borrowing rates lower
Investors should buy Fannie Mae and Freddie Mac mortgage-backed securities, which have slumped in response to planned changes to the government-supported companies' refinancing rules, according to Pacific Investment Management Co. LLC
