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401k Fees Disclosure Rule May Spur Additional Creative Charges

A new regulatory measure governing America's most popular retirement vehicle aims to help workers save on fees as they build nest eggs but many experts worry the rule, requiring 401(k) plan providers to disclose hidden costs, could result in new charges.
Former Olympus CEO Michael Woodford speaks to a reporter from inside a van as he leaves a news conference in Tokyo

Olympus ex-CEO Woodford Sees More Revelations

Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.
Harmony Gold CEO Graham Briggs

Harmony Gold Cuts Full-Year Production Target

Harmony Gold, South Africa's third-largest bullion miner, cut its full-year production target by 13 percent on Monday, as safety stoppages threatened to crimp a surge in profit from record gold prices.
Uninor

Telenor to Fight Supreme Court Order on Licence Cancellation

Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.
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U.S. Jobs Report Lifts Nikkei to 3-Month High

Japan's Nikkei share average advanced to a three-month high on Monday as the U.S. economy showed further improvement with forecast-beating jobs data, boosting hopes for Japanese firms, which have disappointed in the latest quarterly earnings season.
President Barack Obama

Obama Has Edge Over Romney in Small Donors

It does not guarantee him re-election in November, but it is an advantage President Barack Obama is likely to carry into the fall: a broad base of supporters who have given him the symbolic vote of confidence with a donation of less than $200.
Former Olympus CEO Michael Woodford speaks to a reporter from inside a van as he leaves a news conference in Tokyo

Woodford Predicts More Revelations About Olympus

Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.
The Burj Khalifa, the world's tallest tower at a height of 828 metres (2,717 ft), is seen in Dubai February 5, 2012.

Slowing Growth Weighs on M&A Values in Middle East: Report

Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than one-quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday. Deal values fell to $31.7 billion last year compared with $44.1 billion a year earlier.
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The Hottest U.S. Real Estate Markets: Washington, D.C.

The nation's capital has been a leader when it comes to real estate. While much of the country's housing market continues to languish, Washington D.C. and the surrounding area have seen tight inventory and price growth in recent months.
UBS trader Kweku Adoboli leaves City of London magistrates' court in London

Ex-UBS Trader Refused Bail as Bank Probe Deepens

Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal.
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Electric Vehicle Market Competition on a Rapid Rise: Study

More than 45 auto manufacturers are expected to be competing globally in the electric vehicle market with approximately 75 models by 2015, according to a study from IHS Automotive Supplier Business. Depending on the strength of the global recovery of automotive markets and the speed with which the electric vehicle (EV) models are marketed and the supporting infrastructure, cumulative sales are expected to total 700,000 to 1 million.

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