The University of Connecticut plans to sell $220 million of municipal bonds starting tomorrow as its teams are set to play this weekend in the Final Four of the men's and women's national college basketball tournaments.
Mohamed El-Erian's departure from the world's biggest bond manager sparked media reports of tension with Bond King Bill Gross but in a new interview, the former co-CIO called Mr. Gross “a great investor.”
David Einhorn, who runs a $10 billion hedge fund, seems to think it's time to start shorting some of the "cool kid" companies that are valued more on buzzwords than on revenue or profits. The question is whether he has picked the right moment.
MF Global Inc., the defunct brokerage once led by Jon Corzine, will begin final distributions to satisfy $6.7 billion in claims from former customers, starting tomorrow and lasting several weeks, the trustee overseeing the repayments said.
In one corner of the U.S. equity market, investor enthusiasm is exceeding the frenzy of the Internet bubble.
Wall Street leaders including Lloyd Blankfein and James Gorman, who have courted business in Vladimir Putin's Russia, are facing a dilemma as tensions over Ukraine escalate.
A selloff in the bull market's biggest winners overshadowed optimism on Federal Reserve monetary stimulus.
Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company's officer or director and to pay $10 million to settle claims by New York's attorney general that he misled investors about the bank's 2009 purchase of Merrill Lynch & Co.
President Barack Obama has nominated Ramin Toloui, who co-heads Pacific Investment Management Co.'s emerging-market portfolio, for a role in the Treasury Department, according to the White House.
