Bloomberg News

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Walmart Raises Pay To Retain Workers As Labor Market Tightens

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Walmart's pay raises show the world’s largest retailer is taking steps to retain its workers as a strengthening U.S. labor market creates more options for job seekers.

Liam McGee, CEO Who Led Hartford Through Bailout, Dies At 60

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He sold stock and debt to help the insurance company repay its $3.4 billion bailout, and retreated from life insurance and variable annuities.

Obamacare Prompts Corporate Shrug

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The Patient Protection and Affordable Care Act is putting a mere dent in profits, say many of the biggest employers.

Ex-Hedge Fund Manager Starts Fantasy Sports Convention

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A former hedge fund manager who served a four-month prison term for insider trading is the driving force behind the first Fantasy Sports Combine in Las Vegas.

Swing-State Voters Not Feeling Obama's Community College Plan

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Voters in Iowa, Virginia and Colorado aren't fond of the free community college plan or Obama in general, says poll.

Morgan Stanley Probe Said To Examine Whether Advisor Got Hacked

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A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial advisor was targeted by hackers.

Tiger’s $100 Billion Hedge Funds Buy China Internet With JD.com

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The biggest firms in billionaire Julian Robertson’s hedge fund empire are banking on China’s Internet.

Soros Shifts To Europe, Asia As Investors Cut U.S. Equities

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Soros Fund Management, the family office of billionaire hedge fund manager George Soros, cut holdings of U.S. stocks in the fourth quarter and shifted assets globally.

Buffett Ends $3.7 Billion Exxon Investment Amid Global Oil Rout

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Warren Buffett’s Berkshire Hathaway Inc. exited a $3.7 billion investment in Exxon Mobil Corp. amid a slump in oil prices.

BlackRock’s Bond ETFs Raked In Record Money Amid Market Turmoil

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U.S. ETFs that focus on fixed-income investing are having the fastest start to a year on record, and BlackRock's iShares have been the biggest beneficiary.

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