The former CEO of Raleigh-based software firm Red Hat Inc. is suing his family's financial advisers, saying they misused $60 million.
A group of at least 140 of Bernard Madoff's former investors, including Thomas H. Lee, were sued by a court-appointed trustee seeking to recover fictitious profits they received in the six years before the con man's firm filed for bankruptcy in December 2008.
Goldman Sachs Group Inc., the Wall Street firm that makes more money trading equities than any other bank, stopped providing clearing services for some of its smallest U.S. clients, three people told of the decision said.
The wealthiest investors in the U.S. put less of their holdings into structured products than the less affluent, according to a study commissioned by the Securities Industry and Financial Markets Association.
The Federal Reserve will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation.
If you want to believe that the lame-duck Congress will come to the rescue after Election Day and renew the Bush-era tax cuts, return the estate tax to its more palatable 2009 levels and increase the exemptions from the alternative-minimum tax, go ahead.
Financial advisers here at the Schwab IMPACT conference in Boston today had access to two of the most influential technology minds on the planet: Facebook co-founder Chris Hughes and Twitter co-founder Biz Stone. Two quick hits that stood out.
The United States risks an extended period of low economic growth with little job creation and additional emergency measures being considered by the Federal Reserve aren't likely to work, said Christopher Pissarides, the winner of this year's Nobel Prize for Economics.
