Dow Jones & Co. is selling a 90 percent stake in its stock market index unit to exchange operator CME Group Inc. for $607.5 million, the companies announced Wednesday.
TD Ameritrade president Fred Tomczyk said today that the company will rely on its registered investment advisers to help achieve TD's goal of becoming a “premier asset gatherer.”
Stock futures were trading in a narrow range Wednesday as investors avoided making big bets ahead of a key report on the service sector industry.
Stocks are rising for a fourth day after debt-burdened Greece announced plans to trim spending.
The requirement that brokers who provide advice be regulated as registered investment advisers may be dropped from financial-reform legislation being considered by the Senate Banking Committee, according to consumer groups and state securities regulators.
The Obama administration has proposed a $90 billion to $100 billion levy over 10 years on large financial institutions, aimed at recovering the money that the government used to stave off financial disaster in late 2008 and early 2009.
An April trial date has been set for a Nebraska man accused of luring elderly investors under false pretenses and using some of their money to buy luxury items.
Armed with an accounting pedigree and a coveted client roster, Geller Family Office Services LLC is placing a big bet that it can transform itself into one of the industry's premier players.
A hearing to determine whether the securities-fraud charges against two former Nebraska City brokers are warranted has been delayed until Oct. 19.
Business leaders in the United States are becoming increasingly alarmed — again — about the state of the economy.
President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households.
A North Texas jury has sentenced a former Maryland lawyer to 99 years in prison for organizing a fraudulent multistate investment scheme.
The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume rose 8 percent in January compared with the same month a year ago.
Marc A. Spilker will retire as co-head of the investment management division at Goldman Sachs at the end of February, confirmed Andrea Raphael, a spokeswoman for the firm.
Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows — the best performance since the 1930s.
Pacific Investment Management Co. LLC is planning to build active-equity-management capability, possibly by lifting an existing team from a rival firm, according to sources familiar with the company.
