The tax impact on carriers will encompass about 1% to 2% of their total earnings, assuming an annual tax of about 4 basis points.
Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, missed analysts' estimates by a penny after investors withdrew more money than expected from its quantitative investment unit.
Scott Rothstein, the former South Florida lawyer serving 50 years in prison for a $1.2 billion Ponzi scheme, was ordered by a judge to pay his victims $363 million.
Ineffective government policy and a lack of clarity on the direction of the economy make the case for a defensive investment strategy, according to Cleo Chang, manager of the Direxion/Wilshire Dynamic Fund Ticker:(DXDWX).
While those of us who are mired deep in the minutia of the recruiting wars feel that the environment is as hot as ever, the trade press reporters who have called me have been asking why the movement has slowed. What's going on?
Investors should prepare for “major structural changes” as the economy shifts to consistently slower global growth, according to Mohamed A. El-Erian, chief executive officer at Pacific Investment Management Co.
BlackRock Inc. is seeking regulatory clearance to create exchange-traded funds that can bet against stocks or bonds, as the $826 billion industry's largest player seeks new products to boost revenue.
Blue-chip stocks are the best place to invest right now, says John Buckingham, chief investment officer at Al Frank Asset Management Inc.
Pimco's Bill Gross, who's been touting the virtues of fixed-income investments for nearly forty years, is now talking up stocks. Why is that?
