Investors doubled their holdings in cash this month to the highest levels in more than a year as money managers remain divided on the outlook for the global economy, a BofA Merrill Lynch Global Research survey showed.
Many get new gigs soon after their B-Ds are shut down; 'pitch their tent acrosss the street'
Morgan Stanley, owner of the world's largest brokerage, named Shelley Hanan chief executive officer of its private bank, a month after it gave her the job on an interim basis.
After warning that deficit spending could force inflation higher, Warren E. Buffett shortened the duration of bonds held by his Berkshire Hathaway Inc.
Li Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett's investment company to make more deals outside the U.S. if he takes a role at the company.
Critics want regulators to zero in on 'little cancers' -- instruments that confuse buyers and generate large fees
Seizures, defaults on pace to hit record number; 'serious price depreciation'
Financial advisers are keeping a close eye on The Vanguard Group Inc.'s new Standard & Poor's 500 ETF to see how the exchange-traded fund performs and whether it can compete with State Street Global Advisors Inc.'s SPDR S&P 500 ETF (SPY).
Michael Burry, the former hedge fund manager who predicted the housing market's plunge, said he is investing in rich farmland, small technology companies and gold as he hunts for original ideas and braces for a weaker dollar.
