Andrew Madoff, convicted con man Bernard Madoff’s last surviving son, who insisted he had nothing to do with his father’s massive Ponzi scheme, has died. He was 48.
Michigan Governor Rick Snyder’s 2011 tax increase on retirement income from pensions is haunting the Republican as he runs for a second term in a graying state.
The world’s biggest distressed-debt investor is reportedly seeking $10 billion for a new fund with plans to sit on most of the capital until rising markets reverse course.
Bill Gates and Warren Buffett, the two richest Americans, share a friendship and an interest in railroad investments. In 2014, Gates’s trains are the better performers.
Detroit’s plan to fix its finances with hundreds of millions of dollars in private donations comes years after the U.S. automotive capital got hooked on philanthropy to rebuild the city.
The Standard & Poor’s 500 Index rally isn’t over and the gauge could jump 50 percent more by 2020 as the U.S. economic recovery heads for a record winning streak, according to Morgan Stanley.
