Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.» Read More
LONDON, May 24- Police investigating the murder of a soldier hacked to death on a busy London street were looking on Friday into whether the two suspected killers, British men of Nigerian descent, were part of a wider conspiracy.
Markey's proposal differs from legislation approved by a Senate committee on Wednesday that would give the FDA oversight only over compounding pharmacies that make sterile products and ship them across state lines.
NEW YORK, May 23- For the past few months, the U.S. The Fed's evolving stance was made apparent by Federal Reserve chairman Ben Bernanke's remarks to Congress Wednesday, where he laid out the conditions that might cause the Fed to reduce its $85 billion a month buying of Treasuries and mortgage-backed bonds.
WASHINGTON, May 23- Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such penalty paid by an individual, the U.S. Securities and Exchange Commission said on Thursday.
CHICAGO, May 23- U.S. scientists say a dramatic result last year suggesting that a cancer drug already approved by U.S. regulators could quickly clear out Alzheimer's plaques in mice was too good to be true.
LONDON, May 23- In the lurid scene of the red-handed knifeman describing his motives for hacking to death a British soldier in broad daylight, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
LONDON, May 23- Strapping his baby into a car seat, Abu Khaled said it was unfortunate that a British soldier was hacked to death in an apparent Islamist attack a day earlier in London, but it was not the only misfortune on his mind. "Eleven children died in Afghanistan in a U.S. drone attack about the time of the Boston bombings.
WARSAW, Poland-- A 33- year-old Polish man received a face transplant just three weeks after being disfigured in a workplace accident, in what his doctors said Wednesday is the fastest time frame to date for such an operation. It was Poland's first face transplant.
SAN FRANCISCO/ DUBLIN, May 23- Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said. Apple must have seemed attractive to Ireland and to Cork.
PROVIDENCE, R.I.-- Rhode Island's minimum wage would go up 25 cents to $8 per hour next year under legislation approved Wednesday by the state Senate. The state's minimum wage is now $7.75, compared with the federal minimum of $7.25, while the minimum wage is $8 in Massachusetts and $8.25 in Connecticut. Harold Metts, D- Providence, challenged his fellow senators.
But the Mountain States of Arizona, Colorado, Idaho, Nevada and Utah saw rates fall by 30 percent or more. In 22 states, teen Hispanic birth rates plunged at least 40 percent, which was described as "just amazing," by the report's lead author, Brady Hamilton of the Centers for Disease Control and Prevention.
The Massachusetts Democrat has an agreement with Henry Holt and Company for a book, currently untitled, to be released in spring 2014, the publisher announced Wednesday. She will describe her work on creating the Consumer Financial Protection Bureau and her opposition to powerful interests in Washington and on Wall Street.
BOSTON, May 23- The average 401 retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts.
NEW YORK, May 22- New Hampshire's House of Representatives rejected a bill on Wednesday that would have authorized the construction of the state's first casino, bucking a regional trend toward easing restrictions on gaming in New England.
WASHINGTON, May 22- Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible.
HARRISBURG, Pa.-- Pennsylvania's debt-laden capital city will have a new mayor next year, but he could have little role in sorting out the pressing financial problems that dragged Harrisburg to the brink of bankruptcy after an unprecedented takeover by the state.
May 22- Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. U.S. national security experts used to take comfort in the belief that "rational" super powers like China or Russia were their main adversaries in cyber space.
By Kim Dixon and Patrick Temple-West. WASHINGTON, May 22- The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to answer questions.
NORWOOD, Mass.-- LTX-Credence Corp. narrowed its fiscal third-quarter loss on improved revenue, but semiconductor equipment testing company's results and its fourth-quarter forecast missed market expectations. LTX-Credence's net revenue increased to $36.3 million from $30.8 million.
BOSTON-- Eaton Vance Corp. said Wednesday its fiscal second-quarter net income jumped 20 percent, as an increase in its assets under management boosted investment and advisory fees. For the quarter ended April 30, the investment manager earned $63.7 million, or 50 cents per share, up from $52.9 million, or 44 cents per share, in the same quarter the year before.