Drug companies have pledged to spend $80 billion over the next decade to help reduce the cost of drugs for seniors and pay for a portion of Obama's health care legislation.
The Washington, D.C. multilateral lender said the world economy will shrink 2.9% in 2009 — worse than its previous forecast for a 1.7% contraction.
Disclosure of specific environmental, social and corporate governance issues was seen as the major challenge facing socially conscious investors in emerging-market companies, according to a survey of institutional investors.
The Securities and Exchange Commission is considering whether trading in over the counter derivatives should be reported like other securities transactions, SEC Chairman Mary Schapiro told a congressional subcommittee today.
Aviva PLC yesterday sold its Australian life insurance and wealth management businesses to National Australia Bank of Melbourne.
The real and potential risks of federalizing municipal-bond insurance far outweigh any potential benefits.
The federal government is the only potential guarantor whose backing would significantly lower local borrowing costs.
Investors have responded enthusiastically in recent months to government stimulus plans and signs of renewed economic activity, triggering a resounding risk rally.
Some financial advisers are rethinking the idea of: Buy term insurance and invest the difference.
A new iShares that is more heavily involved in actively managed exchange traded funds will likely emerge as the company changes hands, though some say it might be late to the party.
“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.
For as long as mutual funds have been able to sell stocks short, there have been attempts to bring more-sophisticated hedge fund strategies to the mutual fund world. But it is rare for a hedge fund to undergo a complete transformation into a mutual fund.
Dismal economic conditions are forcing Fidelity Investments to shut down a private-equity unit.
Unless reasonable standards are established for target date funds, the Department of Labor should bar them from being used as default investments in 401(k) plans, the Certified Financial Planner Board of Standards Inc. said.
When the economic recovery finally arrives, many small business owners won't try to rebuild their shrunken stock portfolios.
The 50-50 joint venture will be called the New York Portfolio Clearing. It is expected to be operational in the second quarter of 2010, once it gets necessary regulatory approvals.
Hedge funds produced some solid numbers in May, according to the latest report from Morningstar Inc. in Chicago.
When it comes to target date funds, ignorance is not bliss.
If averages are any guide, then there is good news for mutual fund investors because actively managed U.S. stock funds have outperformed the S&P 500 so far this year.
