Susan Hirt Hagen, the daughter of Henry Orth Hirt, one of the pioneers of the car insurance industry, has been a billionaire for years -- and has never appeared on an international wealth ranking.
Stock mutual funds in the U.S. attracted $14.8 billion in net new money last week as investors returned to domestic equities.
Tax increases will pinch married couples faster than individuals.
For many hedge funds, financial rules and state intervention in markets are anathema. But one fund has seen intervention as opportunity.
Goldman Sachs Group Inc., the securities firm that set a Wall Street compensation record in 2007, is now demonstrating how little it can pay.
A second effort to overhaul rules governing the $2.6 trillion money-fund industry will be offered by the SEC before the end of March, SEC Commissioner Daniel M. Gallagher said today.
Genworth Financial Inc. posted the biggest gain in the S&P 500 Index on CEO Tom McInerney’s plan to distance the mortgage-guaranty unit from the rest of the company.
Bank of New York Mellon Corp., the world’s largest custody bank, said fourth-quarter earnings rose 23 percent as higher client assets boosted revenue.
U.S. taxpayers will be able to make a simplified calculation to claim up to $1,500 in home-office deductions, the Internal Revenue Service said.
Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s division into its ClearBridge Investments equity unit as assets have tumbled.