Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit servicing retirement and other employee-benefit plans.
A decade after the IRS threatened to crack down on what it called abuses by hedge-fund backed reinsurers, John Paulson and other high-profile money managers are setting up shop in tax havens.
Martin E. Zweig, who predicted the 1987 stock market crash and whose newsletters influenced U.S. investors for a quarter century, has died. He was 70.
Price swings in U.S. stocks are narrowing the most since the Great Depression, a signal of reviving investor confidence that’s fueling the bull market poised to enter its fifth year.
Merrill Lynch said investors should buy emerging market bonds and equities as the so-called BRIC nations of Brazil, Russia, India and China post the biggest improvement in growth this year.
The SEC sued unknown traders over “suspicious trading” in H.J. Heinz Co. just a day before Warren Buffett and 3G Capital Inc. announced a $23 billion takeover of the ketchup maker.
The leaders of President Obama’s 2010 deficit commission offered a $2.4 trillion plan to reduce the debt as Congress approaches a March 1 deadline for averting spending cuts.
Fidelity Investments, the second- largest U.S...
The biggest buyers of junk bonds are in retreat as exchange-traded funds suffer unprecedented withdrawals with the debt facing its first losses in eight months.
SAC Capital Advisors LP’s clients pulled $1.68 billion from hedge fund as Steven A. Cohen’s firm is being investigated for alleged insider trading, according to a person familiar with the matter.