Is it time to move back into equities? Insiders are buying for the first time since March 2009, said Blackstone Group's Byron Wien, who predicted on Jan. 3 that 10-year Treasury yields and economic growth will approach 5% this year--usually a good sign.
Robert Stinson Jr., 56, pleaded guilty in federal court in Philadelphia to 26 charges, including wire fraud, mail fraud, money laundering and bank fraud.
The liquidator of Bernard Madoff's firm, Irving Picard, reached a settlement with more than a dozen funds associated with hedge-fund firm Tremont Group Holdings Inc. by accepting a cash payment of more than $1 billion.
With the flood of new regulations facing investment advisers, clearing and custody firms are taking on a larger supporting role for their clients.
California signed on TIAA-CREF to manage its college-savings replacing Fidelity Investments, which decided not to bid
U.S. and European stocks rose, erasing all of last week's losses for the Standard & Poor's 500 Index, as companies announced $26.9 billion in global deals after equities traded near their cheapest relative to earnings since 2009.
The longest-running Ponzi scheme ever? Philip Barry, a money manager from Brooklyn, was sentenced to 20 years in prison for running a $45 million Ponzi scheme that defrauded hundreds of investors over three decades.
Money-market mutual funds took in $24.9 billion yesterday, bouncing back from their second-worst week of withdrawals, as investors unsettled by the debate over raising the U.S. debt ceiling returned to the market.
Taxpayers will be able to examine the qualifications of paid tax-return preparers in a database being built by the IRS that may be available as soon as 2013.
