After two successive profitable quarters, the besieged insurer reports a loss of nearly $9B in the fourth quarter.
For investors holding shares in Berkshire Hathaway Inc., Friday might be a very lucrative day. Today marks the last trading day before Warren Buffet's investment vehicle gets added to the S&P 500. Berkshire's listing in the benchmark index commences Tuesday, the next trading day for U.S. markets.
Bank of New York Mellon Corp. is in talks with PNC Financial Services Group Inc. to buy one of PNC's business units for close to $2.5 billion, The Wall Street Journal reported, citing people familiar with the matter.
In the face of opposition from influential insurance and securities industry groups, the Financial Planning Coalition has moderated its ambition to get Congress to establish a broad regulatory scheme for financial planners.
Forty-two percent of surveyed reps plan to boost such spending, while 41% plan to cut spending on bonuses.
Firm failed to properly oversee a rep who allegedly duped two Florida municipalities, says SEC
Securities and Exchange Commission investigators were trying to persuade supervisors to protect billionaire Mark Cuban's privacy when they internally e-mailed photos demonstrating his fame, the agency said.
Finding the right person to carry on the torch at your firm is difficult — if not downright impossible
Stocks are rising for a fourth day after debt-burdened Greece announced plans to trim spending.
Adviser Frank Congemi is running radio spots this week lambasting government officials and Wall Street firms for the financial crisis, which he calls the “largest economic crime in history.”
