The topsy-turvy world of today's financial markets is upending what many people thought they understood about how to pay for life after work.» Read More
Efforts to make the global financial system safer could be making Asia more vulnerable to credit shocks, leaving bond traders worried that a sharp sell-off could turn into a rout.
HONG KONG, June 12- Efforts to make the global financial system safer could be making Asia more- not less- vulnerable to any credit market shocks, leaving bond traders worried that a sharp selloff since late May could turn into a rout.
NEW YORK, June 7- Carl Icahn and Southeastern Asset Management Inc are short-listing potential candidates to become the next Dell Inc chief executive should they succeed in a proxy battle against Michael Dell and Silver Lake Partners, two sources close to the matter told Reuters.
SAN FRANCISCO, June 3- While many healthcare startups are hoping the new U.S. healthcare law going into effect next year will help drive more business their way, dental network Brighter believes being left out of the law will help it more.
More than half the oldest boomers- those born in 1946- had fully retired by the end of the year in which they turned 66, the age the Social Security Administration pegs as "full retirement age," according to a new survey by the Metlife Mature Marketing Institute.
SAN FRANCISCO, May 24- Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command.
SAN FRANCISCO, May 24- Automattic, the company that operates blogging service WordPress, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command.
May 16- T. Rowe Price Group Inc Chief Investment Officer Brian Rogers backed keeping JPMorgan Chase& Co's Jamie Dimon in his dual roles of chairman and chief executive, offering valuable support from a top shareholder as a key governance vote at the bank approaches next week.
BOSTON, May 15- Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell Inc in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private.
Fidelity Investments received permission from U.S. regulators to open its own actively managed exchange-traded funds.
Boston- based Fidelity in December filed an application to set up a series of actively managed ETFs with the Securities and Exchange Commission, and the agency approved the request last week, spokesman Jeff Cathie said.
NEW YORK, May 13- Dell Inc's special board committee on Monday asked activist investor Carl Icahn for details of his plan to buy the computer maker, including how he would finance a cash payout to shareholders and who would run the company if his preferred slate of board directors was installed.
NEW YORK, May 13- Dell Inc's special board committee asked activist investor Carl Icahn on Monday for details of his plan to buy the computer maker, including how he would finance a cash payout for shareholders and who would run the company if his preferred slate of board directors was installed.
Last week Icahn and Southeastern Asset Management Inc offered $21 billion in cash for Dell, challenging founder Michael Dell's $24.4 billion bid to take the company private.
May 10- Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a $24.4 billion buyout led by founder Michael Dell that will take private the world's No. 3 PC maker.
WASHINGTON, May 8- Just when you may have thought that federal tax policy was set- that January's "fiscal cliff" deal meant you could go about your financial life with multi-year certainty- Washington is again talking of comprehensive tax reform.
Videogames and apps like the "Great Piggy Bank Adventure" promise to teach financial literacy. But some experts say schools may do a better job in spreading the knowledge.
WASHINGTON, April 23- By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Plow as much as possible into your 401 because you might live to be 100 and you'll need that money later. Most notably, those from fund and 401 company T. Rowe Price Group Inc..
The Baltimore company reported a net inflow of cash for the quarter of $3.3 billion, including inflows of $7.6 billion to its mutual funds. T. Rowe Price shares were down 4 percent to $73.19 in morning trading. T. Rowe Price has benefited from strong-performing funds and a growing retirement business.
Aggressive shareholders such as Carl Icahn, Nelson Peltz and Ralph Whitworth, who agitate for change at companies they believe to be sub-par, are increasingly getting a hearing with institutions ranging from the most staid mutual fund to the state-run pension fund.