Charles Schwab Corp violated federal law when it failed to get approval from shareholders of its YieldPlus mutual fund before putting roughly half the fund's assets into uninsured mortgage-backed securities, a federal judge ruled.
Rite Aid Corp posted a worse-than-expected quarterly loss and forecast a wider fiscal year loss than Wall Street was anticipating, sending its shares down 7.1 percent.
California's Treasurer has sent a letter to six big banks that underwrite the state's municipal bond sales, asking what the banks' role may be in also selling credit default swaps on California debt.
The U.S. Supreme Court handed a victory to the $11 trillion mutual fund industry by endorsing a 1982 legal standard to decide the fairness of fund fees, a ruling that gives companies considerable freedom to set investment adviser charges.
The Supreme Court handed a victory to the $11 trillion mutual fund industry by endorsing a 1982 legal standard to decide the fairness of fund fees, a ruling that gives companies considerable freedom to set investment adviser charges.
The U.S. Supreme Court rejected a lower-court ruling that made it harder for individual shareholders to sue a mutual fund investment adviser for excessive fees.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.14 percent, Dow Jones futures up 0.08 percent and Nasdaq 100 futures up 0.24 percent by 4.01 a.m. ET.
U.S. stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.
British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility.
Stock index futures gained on Monday as Greece prepared to test demand for the battered country's debt and investors shifted focus to key jobs data later this week.
U.S. stock index futures gained, pointing to a firmer start for Wall Street on Monday. Futures for the Dow Jones, the S&P 500 and the Nasdaq Composite were up 0.4 to 0.6 percent by 4.09 a.m. ET.
Instinet, a U.S. agency-only brokerage hoping to fill a gap left by the diminishing number of sellside analysts, launched a dating-like service on Monday that allows companies to connect directly with institutional investors.
Precious metals have become a volatile battleground between shorter term investors exiting from long positions in response to a stronger dollar and improving economic conditions in many parts of the world on the one hand, and longer term investors who remain interested in these metals due to the fact that major trade, current account, savings, debt, and currency market imbalances remain unaddressed by governments.
The Dow industrials could hit 11,000 this week as investors bet the U.S. labor market had a significant turnaround in March, showing the economic recovery is in good shape.
Proposed regulations that restrict how financial advisers can work with company retirement plans could send brokers advising small businesses scuttling out of the market.
Demand for gold bars and gold coins is rising in major yellow metal consuming nations like China and India as investors are leaving the paper gold-exchange traded funds or Gold ETFs for physical gold. In India, sale of gold coins and gold bars is increasing despite the high price of gold. A recent Commodity Online study said that buying of gold coins has increased across jewellery shops, banks and post offices in India thanks to financial year schemes. In India, the financial year closes on Marc...
UBS adviser Chuck Huebner knew he was done with big brokerages when some supervisors questioned a stock he had purchased for one of his clients. The offending equity? Berkshire Hathaway.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.2 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
U.S. securities regulators are looking at some trades of hedge funds Carlson Capital LP and Appaloosa Management LP, a person familiar with the matter said on Thursday.
(Corrects securities affected to $64 billion in 1st paragraph; error first appeared in update 2)
Stocks rose on Thursday as technology shares were lifted after wireless chipmaker Qualcomm raised its forecast and electronics retailer Best Buy reported quarterly profit and sales that beat estimates.
