Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon be facing a wave of lawsuits — unless Congress decides to take action soon.
The fierce debate over bonuses for bailed-out executives was revived on Capitol Hill Wednesday as a government watchdog explained how some executives nearly brought down the financial system — then pocketed millions.
Standard & Poor's will introduce new factors for its U.S. style indexes during the fourth quarter of this year, the company revealed today.
Insurer American International Group Inc. said late Monday it has agreed to sell its nearly 98 percent stake in Taiwan unit Nan Shan to an investor group led by Hong Kong's Primus Financial for about $2.15 billion.
A top White House official issued a robust defense of the Obama administration's recovery policies on Monday with a pointed critique of economic conditions and fiscal policies during the presidency of George W. Bush.
Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78.
The stock market is keeping its momentum going, giving shares their best week in more than two months.
Officials for Penson Financial Services Inc. said that a video circulating on the Internet of one of its traders engaging in an apparent naked short sale is a fraud that unfairly accuses the firm of violating Securities and Exchange Commission regulations.
A Florida investor filed a federal class action against Regions Financial Corp., alleging that when the bank tried to obtain shareholder approval for a 2006 acquisition, it misrepresented its financial condition to the investors.
Total money market mutual fund assets rose by $16.72 billion to $3.446 trillion for the week, the Investment Company Institute said Thursday.
