Berkshire Hathaway Inc. had sold insurance requiring the Omaha-based company to pay $30 million to a client if France won the tournament.
So-called placement agents and others who solicit business from municipalities and public pension fund must register with the Securities and Exchange Commission as "municipal advisors."
Seeking to curb misleading or 'stale' information; mandatory accounting standards eyed
John Bogle should spend more time focusing on financial-services reform and less time pointing the finger at mutual fund managers if he wants to address rising fund costs, says Neil Hennessy, president and chief executive of Hennessy Advisors Inc.
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
Strong global economic growth "is usually a good recipe for riskier assets."
Country will overtake South Africa's as continent's largest economy; 10% annual growth rate targeted
Billionaire Warren Buffett, chairman of Berkshire Hathaway Inc., said the company's management is “well-equipped” for when he and Vice Chairman Charlie Munger step down.
Capitalization rate shows real estate yields far outstripping government debt; 'attractively priced'
In an effort to guard against the rising threat of inflation, several target date fund providers have added alternative asset classes to their portfolios.
Sometime this year, Weyerhaeuser Co. Ticker:(WY) will transform itself from a C corporation into a real estate investment trust.
They aren't cheap, but publicly traded real estate investment trusts could be just the right property for yield-thirsty investors.
Loomis Sayles & Co. has launched a multisector bond fund aimed at advisers who want a way to protect their clients against inflation, deflation and stagflation.
In February, S&P Equity Analyst Scott Kessler raised his fundamental outlook on the internet software & services industry to positive from neutral, reflecting what he views as a stabilized global economy that would contribute to more overall advertising spending, an increasing percentage of related budgets being committed to the Internet (versus so-called traditional media), and pricing for associated online offerings that is showing signs of improvement
A weak economy, a poor equities market and low interest rates have been a boon to high-yield junk bonds.
A prohibition on market orders for exchange-traded funds would help prevent another “flash crash,” ETF providers told attendees at an industry gathering in New York this morning.
In their attempts to defuse the recent controversy surrounding retained-death-benefit payouts to survivors, insurance industry executives have played up the protection that the accounts provide grieving beneficiaries.
