MANAGEMENT

The U.S. wealth management industry is shrinking, losing legions of advisers, just as demand for their services is on the rise.

Esther Gordy Edwards, the sister of Motown Records founder Berry Gordy Jr. and the driving force behind the museum that continues to preserve the label's legacy, has died at age 91.

South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.

Hurricane Irene which is approaching the East coast would have an impact not only on the coastal regions but also on the inland, U.S. officials warned on Thursday.

Preparations begin for the hurricane.

Ocean City activated phase three of its hurricane action plan and saw the evacuation of thousands of residents and visitors as officials made strict orders following Hurricane Irene's expected hit at the Maryland shore, while danger warnings were issued by Gov. Martin O'Malley of the monster storm.

New Yorkers are preparing for Hurricane Irene, which threatens to become one of the biggest storms to hit the metropolitan area in decades. If Irene makes landfall in the New York area at hurricane strength, the powerful storm would be one of about five hurricanes to come within 75 miles of the city, according to records dating back 160 years.

As Hurricane Irene batters the northern Bahamas on as it heads toward the East Coast on Thursday, train services were canceled and workers scrambled to protect power lines in the U.S. capital, Washington D.C.

Irene is expected to make landfall in New Jersey on Sunday morning as a Category 2 hurricane, with sustained winds between 96 and 110 miles per hour. Experts say it could be the worst storm ever to hit New Jersey.

The 115 mph Category 3 storm is expected to hit North Carolina's Outer Banks Saturday afternoon. The hurricane will then creepy up the Eastern Seaboard.

As Hurricane Irene approaches the East Coast, Airlines began issuing travel waivers and cancelling flights.

About 9.5 inches of rain are expected to fall in Ocean City over the next three days

Hurricane Irene has already led New Yorkers to head to the supermarkets and prepare for a wild weather weekend.

With Hurricane Irene approaching the New York area in the coming days, many people are already stocking up and taking precautions.

Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.

Hurricane Irene continued its path of destruction on Thursday on its way towards the East Coast, and it could have big effects in Maryland and Virginia.

Learn how to track the path of Hurricane Irene online as the Category 3 storm heads towards North Carolina and up the East Coast towards New York and New England.

New York Mayor Michael Bloomberg told New Yorkers to be vigilant as Hurricane Irene whirls towards the city, warning that some low-lying and coastal areas might be evacuated.

Hurricane Irene threatens to batter the U.S. East Coast, perhaps making a direct strike on New York City, as sharpened forecast models show the storm has the makings of the hurricane of a lifetime for Mid-Atlantic and Northeast areas. A major Category 3 storm that could strengthen before making landfall this weekend, one weather source called Hurricane Irene a serious, significant event. The storm holds the potential, forecasters say, to wreak havoc along the East Coast, with torrential ...

As Hurricane Irene threatens to lash the U.S. East Coast this weekend, New Jersey Gov. Chris Christie has signed a declaration of emergency in order to mobilize the National Guard in preparation for the storm.