Fidelity Investments, the second- biggest mutual fund manager in the U.S., plans for the second time this year to bar new investors from a fast-growing fund focused on small-company stocks.
Carlyle Group LP, the second-largest U.S. private-equity company, tumbled the most since going public in May after reporting fourth-quarter profit that fell short of analysts’ estimates.
Price swings in junk bonds are widening, diverging from stocks that are the least volatile in more than five years as concern mounts that the eight-month rally in the debt is coming to an end.
Growth in the U.S. may disappoint in the first half of 2013 as higher taxes reduce consumer spending, according to BlackRock Inc., the world’s biggest money manager.
U.S. inflation-protected securities lagged behind conventional Treasuries by the most in 14 months before a government report today economists said will show costs in the economy are in check.
