Pacific Investment Management Co., manager of the world's largest mutual fund, is raising at least $1 billion for a private fund to buy troubled loans from banks divesting assets to meet new rules, said two people briefed on the plans.
The war of words between Berkshire Hathaway and David Sokol is hotting up. This week, Berkshire Hathaway's audit committee said the company should consider suing Sokol -- once considered the likely successor to Warren Buffett -- for purportedly violating Berkshire's insider trading policy. Sokol's lawyer doesn't see it that way.
House committee seeking more info about Becker's role in investigation of Ponzi king
Hoenig says Dodd-Frank doesn't prevent excessive risk-taking; 'greatest risk to the U.S. economy'
On Wednesday, the independent broker-dealer announced the pricing for its long-awaited IPO. At $30 a share, CEO Mark Casady stands to make a bundle from the sale.
Waddell & Reed Financial Inc., the mutual-fund manager based in the heart of Kansas that caters to mom and pop investors, is an unlikely company to be blamed for sending Wall Street into a tailspin on May 6.
Commission said to be examing whether HRJ investment firm shifted debt obligations to limited partners
Tate George charged with running $2M Ponzi scheme; made memorable jumper for Huskies in NCAA tournament
Claims Salinas defrauded Lute Olsen, others out of $50M; killed self in July
