Managing a mutual fund is nothing short of a noble calling to alleviate wealth inequality, according to a Morningstar senior executive.» Read More
NEW YORK, Feb 7- Moody's Investors Service on Friday became the second ratings agency this week to cut Puerto Rico's credit rating to junk, citing concern about the cash-strapped U.S. territory's weak economy and its ability to borrow.
U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.
Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to weak shipments and prices, but said markets for thermal coal, used to generate power, are improving. They soared 5 percent during a conference call with Wall Street analysts.
BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.
Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah, currently managing directors at Pacific Investment Management Co., will join Dan Ivascyn and Andrew Balls as deputy chief investment officers.
Jan 29- U.S. health insurer WellPoint Inc said on Wednesday the applicants for the new Obamacare health plans are of the age and demographics it had expected, indicating that medical costs will not soar beyond the prices it charges. Insurance plans under President Barack Obama's healthcare reform law went on sale Oct. 1 and into effect on Jan. 1.
DEARBORN, Mich., Jan 28- Ford Motor Co on Tuesday joined a growing number of multinational companies expressing concern that economic turmoil in Venezuela and Argentina could spell trouble for 2014 profits.
Jan 28- Merck& Co's experimental drug Ragwitek, a treatment for ragweed allergies, appears safe and effective for use in patients between the ages of 18 and 65, a panel of advisors to the U.S. Food and Drug Administration concluded on Tuesday. About 30 million people in the United States suffer allergies to ragweed pollen, according to the FDA.
*Net income jumps 86 pct to $123.2 mln. Jan 28- Homebuilder D.R. Horton Inc's sales pace picked up in January ahead of what it said would be a "very strong" spring selling season as Americans become more comfortable with higher mortgage rates in a stabilizing U.S. economy.
Jan 27 (Reuters)- Apple Inc missed Wall Street's lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.
Jan 27- Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as cost cuts and an uptick in demand for its building equipment offset continued weak sales to the mining industry.
After Target's data breach, investors and analysts are now circling companies that could benefit from a major upgrade in credit card technology.
Pimco's Total Return Fund saw its assets sink by $41.1 billion in 2013, as U.S. Treasuries bets went south
Computerized trading has already taken over Wall Street. But are investors ready to hand their portfolios over to machines, too?
Find out the truth behind the persistent myths that could be hindering your retirement planning.
Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.
Apple is cutting production orders for its iPhone 5C a month after launch, fueling speculation the cheaper model may have been priced too high.
Several state sponsored college savings plans offer participants tax incentives on 529 plan contributions as tax-free income.
As Dunkin' Donuts expands in the fast-casual restaurant segment, it is adding menu items, redesigning its look and adopting some decidedly Starbucks-like elements.
Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.