Legg Mason Inc. plans to eliminate 350 jobs to cut costs and buy back $1 billion in shares after suffering the biggest losses among publicly traded money managers during the credit crisis.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
Matthew Gelfand, former Fed hand, signs on with family office firm
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
An SEC task force on Thursday recommended that life settlements be defined as 'securities,' thus making such transactions subject to federal securities laws.
Like a road crew repairing potholes, analysts this week will be trying to measure the length and depth of the economic “soft patch” currently afflicting the U.S. economy.
It's been just over a year since Peter Kraus took over as CEO of AllianceBernstein LP.
With added charges, shrinking interest, putting mony in the bank can be a losing proposition; mattress starting to look good
Company's share price pummelled after sell-off by fund firms; 'fundamentals remain solid'
Affluent investors piling into master limited partnerships for pipelines, tankers; 'huge tax advantage'
