Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.» Read More
HONOLULU, May 25- The city of Detroit may be facing a deepening financial crisis but that hasn't stopped four trustees of its public pension funds from spending $22,000 of retirement system funds to attend a conference in Hawaii this week.
*Group may offer between $25 mln and $30 mln for loan. DETROIT/ BEIJING, May 24- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.
WEST DES MOINES, Iowa-- Scott Walker tried to introduce himself to Iowa Republicans Thursday as so many would-be presidential candidates often do _ one of their own. More broadly, the rising GOP figure prescribed what he characterized as a Midwestern approach to politics and the way for Republicans, back-to-back White House losers, to win again.
Jan Brewer's push to expand Medicaid received an obscene and threatening voicemail at her office, a sign that the rancorous debate over embracing a signature component of President Barack Obama's health care overhaul in the state is far from over.
WASHINGTON, May 23- The wealthiest 20,000 U.S. farmers should pay more for taxpayer subsidized crop insurance, the Senate voted on Thursday, adopting a measure that blended deficit reduction, populism and farm program reform. It would expand by 5 percent in the Senate bill even as other farm, conservation and nutrition programs are cut by $24 billion over 10 years.
DETROIT, May 23- Chrysler Group LLC and Tesla Motors Inc, both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S. Department of Energy loan with interest.
DETROIT, May 23- U.S. auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
DETROIT, May 23- Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000.
ALLEGAN, Mich.-- Perrigo Co., a maker of over-the-counter drugs, said Thursday that it is transferring its stock listing to the New York Stock Exchange from the Nasdaq. The company said it expects to start trading on the NYSE on June 6 under its current stock symbol, "PRGO." Perrigo's shares fell 89 cents to $117.18 in morning trading.
DETROIT, May 23- U.S. auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
LANSING, Mich.-- Michigan Attorney General Bill Schuette says state residents will receive about $4.3 million as part of a nationwide settlement in an e-book price-fixing case. He says Michigan consumers will share about $4.3 million from Penguin, Hachette Book Group, HarperCollins, Simon& Schuster and Holtzbrinck Publishers.
LOS ANGELES-- The incoming mayor of Los Angeles was able to defeat a fellow Democrat by depicting her as a pawn of utility union bosses in a city long friendly to labor, an outcome expected to echo beyond California as unions nationwide face threats to their clout.
DETROIT-- General Motors Co. says the Spark EV subcompact will be among the lowest-priced electric cars in the U.S. The electric Spark will have a starting price of $27,495 when it goes on sale next month in California and Oregon. Nissan also offers a $199- per-month lease for three years with $1,999 down.
DETROIT, May 23- The Chevrolet Spark all-electric subcompact car will cost U.S. buyers as much as 38 percent less than what it takes to buy its larger sibling, the hybrid Volt, General Motors Co said on Thursday.
WASHINGTON, May 22- The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada- to- Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration.
DETROIT/ TOKYO, May 22- A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago.
DETROIT, May 22- Electric carmaker Tesla Motors Inc on Wednesday said it has paid off its U.S. Department of Energy loan, using money raised last week in a stock and notes offering.
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.
DETROIT, May 22- China's largest auto parts maker and a boutique car company led by former General Motors Co executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday.
CHICAGO-- The Chicago Board of Education was expected to take a final vote Wednesday on whether to close 53 schools, an ambitious proposal that sparked protests and lawsuits and could help define _ for better or worse _ Mayor Rahm Emanuel's term in office.