Prudential's senior investment officer said the steep selloff in U.S. bonds following last week's surprise election was overdone.
A New York state appeals court cleared the way for Carl Icahn to pursue an unusual malpractice suit about a takeover.
The deal includes cash and the rights to assets to be sold.
Bank of America agreed to pay the fine to settle charges Merrill Lynch failed to prevent erroneous trading orders.
A unit of Warren Buffett’s company is accused of a “reverse Ponzi scheme” involving a complex derivative swap.
Plaintiffs did not prove fees were too high or that the underlying funds performed poorly, the judge ruled.
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