The Supreme Court today ruled in favor of the mutual fund industry in a case involving responsibility for statements made in prospectuses. A big deal? SIFMA said a decision for the plaintiffis would have caused 'crippling uncertainty' in the securities market.
Candidate's earnings taxed as carried interest; 'ordinary people wouldn't be able to do this'
Americans are back in the borrowing mood, and even the wealthy are getting in on it when the credit is cheap enough, according to advisers.
Modest budget bump likely to be approved today; beyond that, it's a tough sell
The Securities and Exchange Commission will receive adequate funding for 2012, but must reform its operations and rule-making processes before a significantly bigger budget is approved for the agency, Capitol Hill Republicans said.
TCW Group Inc.'s former investment chief Jeffrey Gundlach plotted with colleagues to steal the company's trade secrets before he was fired and started a rival money-management firm, a lawyer for TCW told a jury.
Masterpiece to go on sale this May; three other versions all in museums
Ex-govenor's 15% effective rate criticized by opponents; Gingrich paid twice that
Researcher says slice could dip to 35% by 2013, down from 50% in 2007; some self-pruning
Politics, or more specifically, lobbying, matters; 'they're going to be listening'
Company failed to dislose business relations with companies covered in research notes, regulator says
Plaintiff argued that proxy soliciting member approval for NYSE combo was fraudulent
Central Park West penthouse listed at nearly $90M; Russian billionaire seen as buyer
The question: Are such puny yields worth it when money isn't FDIC-insured?
In a much-anticipated move, Charles Schwab late on Tuesday said it is launching a 401(k) product that features index funds. An ETF-version of the low-cost offering, dubbed Index Advantage, is due next year.
The U.S. Internal Revenue Service said it audited 12.48% of individual tax returns with income exceeding $1 million during 2011, an all-time high.
A former UBS AG client was indicted by a federal grand jury on a charge that he defrauded the U.S. by hiding assets from the U.S. Internal Revenue Service.
