Bloomberg News

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IPhone App Robinhood Luring Users With Zero-Commission Trading

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The pitchman for Robinhood, the no-fee stock brokerage, looks a little like actor Seth Rogen: bearded, chubby, and, to some viewers, possibly stoned.

Judge Thrown Off Ex-Billionaire's Trial After Taking Joy Ride In Seized Porsche

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The judge overseeing the insider-trading trial of Brazil’s most-famous fallen billionaire was removed from the case after he was accused of taking a joy ride in one of the defendant’s seized...

The Old-Age Bill That’s Crushing Genworth

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Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill -- or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney.

Corporate-Bond Market Poses Systemic Risk, SEC’s Gallagher Says

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A lack of liquidity in corporate-bond markets could pose a “systemic risk” to the economy when interest rates rise, U.S. Securities and Exchange Commission member Daniel Gallagher said.

Bill Gross Says He’s Got Up To Four Years To Re-Establish Record

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Bill Gross said he’ll keep trading for the next two to four years to prove he can still beat the market.

Genworth Reports Material Weakness As Long-Term Care Costs Mount

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Genworth Financial Inc., the insurer that posted two straight quarterly losses tied to reserve shortfalls at its long-term care unit, said it has a material weakness in its accounting.

ARCP Restatements Show Wider Losses After Accounting Errors

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American Realty Capital Properties Inc. filed restated results showing the company understated losses for 2013 and the first quarter of 2014.

Hedge Fund Profits Down 30% Portend Closings

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Industrywide profits in 2014 declined 30 percent from a year earlier because of poor performance.

Robert Benmosche, Who Led AIG In Repaying Bailout, Dies At 70

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Robert Benmosche, the combative former CEO of American International Group who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70.

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