The mean income of the top 5 percent in Manhattan has soared, giving it the biggest income gap in the U.S. The NYT reports.
An analyst says sales volatility, lease obligations and competition make apparel specialty stores less than ideal targets.
CalPERS' move to divest itself of $4 billion in hedge fund holdings is galvanizing a debate among many other pension managers.
Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont, The Wall Street Journal reported.
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