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Lego Builds New Billionaires As Toymaker Topples Mattel

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Lego A/S, the Billund, Denmark-based toymaker famous for its colorful building bricks, has minted three new billionaires as the company’s revenue soared 25 percent last year.

Refusal To Expand Medicaid May Cost Employers $1 Billion

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Governors who refuse to expand their Medicaid programs for the poor may cost employers in their states as much as $1.3 billion in federal fines, a study found.

Lincoln’s Cooper Shuns Shoot-For-Moon Funds After Goldman

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Ellen Cooper, the chief investment officer hired by Lincoln National Corp. from Goldman Sachs Group Inc. last year, is shifting the insurer’s hedge-fund bets in her first months on the job.

Grand Bargain Taxes, Entitlements Cuts Await Deal-Makers

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Some of the elements of a budgetary “grand bargain” will be on the table today. Merging them is the biggest political challenge in the U.S. Capitol.

Insurers’ Wall Street Risks Hurt Investors, McKinsey Says

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U.S. life insurers underperformed most industries after taking risks that should have been left to Wall Street banks, McKinsey & Co. said in a report today.

American Tax Cheats Picked Off After Swiss Advisor Mails It In

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Over an 11-year period, federal prosecutors charge, a Swiss financial advisor helped 60 people in the U.S...

Camp Offers Option That Would Revamp Partnership Tax Laws

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Partnerships, including hedge funds and private equity firms, would lose some of their flexibility to allocate income and tax benefits among their members under a draft proposal released by the top...

AIG Impairments Top $600 Million As Elderly Outlast Lifespan Bet

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AIG had more than $600 million in impairments since the end of 2010 as the company was stuck paying insurance premiums for people who lived longer than expected.

Gold Sales From Soros Reveal 12-Year Bull Run Decay

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Gold’s worst start to a year in a quarter century and the biggest sales by investors on record are increasing concern that bullion’s longest rally since the end of World War I is ending.

Fugitive Fund Manager Stuffed Underwear With Cash, Fled

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The German fugitive hedge fund manager who more than five years ago fled the Spanish island of Mallorca with $500,000 hidden in his underwear and luggage faces U.S...

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