(Bloomberg) -- Activist investor Carl Icahns attempt to get Apple Inc. to return money to shareholders was criticized by the California Public Employees Retirement System, the largest U.S. public pension.
We are uncomfortable with a raider coming into a company with a proposal to disgorge cash, Anne Simpson, Calpers head of corporate governance, said in an interview yesterday. Carl Icahn is a Johnny come lately.
Rules, as they say, are made to be broken. Yet as financial planning has grown as a profession, collective thinking has coalesced around a few solid pieces of advice. A panel at the Morningstar Investment Conference on Friday set out to debunk some of those rules and establish new guidelines. Here are a few of the biggest myths they tackled.
Additional guidance from the SEC should provide some clarity to how the proposed trading restrictions under its new municipal advisor registration rule apply to municipal issuers, a securities industry official said.
Puerto Rico came under increased pressure to issue bonds in coming months to prove it can still access capital, as Moody's Investors Service put $52 billion of the island's debt under review for a downgrade to junk status.
The Volcker Rule may finally be out, but the process of understanding the intricacies of the complex regulation that bans the largest banks from making risky trades has only just begun.
U.S. Bancorp has promoted P.W. Parker to vice chairman and chief risk officer, the Minneapolis company said Thursday.
Bank of Americas Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital had a role in selecting assets for two 2006 mortgage-backed securities.
These income-generating equities tend to behave differently from other stocks. They may deserve a portfolio allocation of their own.
Schade replaces the San Francisco firm's co-founder and chief executive, Brodie Cobb, who suffered serious injuries in a bicycle accident last year.
Almost half of the advisors in a new FPA study say they don't have a retirement plan; even more fail on business and succession plans.
Former U.S. Senator Judd Gregg is stepping down as the head of Wall Streets biggest lobbying group, according to people briefed on the discussions.
The Federal Financial Institutions Examination Council on Wednesday issued final guidance aimed at helping, banks, credit unions and other financial institutions manage risks related to social media.
JPMorgan Chase, the target of multiple U.S. Justice Department investigations, tentatively agreed to pay about $2 billion to resolve probes into whether it ignored warning signs about Bernard Madoffs crimes, according to a person briefed on the matter.
The enhanced site allows advisors to alter certain components of their profiles at will -- though not their disciplinary history.
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasnt posted an annual loss.
Investment advisors will play a critical role in helping the nearly 80 million baby boomers and future generations develop a sustainable plan for retirement, a pair of senators said on Wednesday.
(Bloomberg) -- Detroit pension officials should consider accepting benefit reductions that fall hardest on retirees collecting the biggest checks, city emergency manager Kevyn Orr said.
The citys plan to cut debt and exit bankruptcy ought to keep fidelity with a June proposal to pay bondholders and retired municipal workers about $10 billion less than they are owed, Orr said today in a phone interview. He declined to say what he has offered creditors, citing the confidential
Expansion-minded Savant Capital Management has bolstered its presence in the vibrant Chicago metropolitan market, acquiring Paragon Advisors, a $150 million firm in Naperville, Ill.
Looking to expand your team and boost performance? Executive search veterans Kathy Freeman Godfrey and Jeff Warren have a few suggestions.
CFOs gave the strength of the U.S. economy an average score of 53 out of 100 up from 49 a year ago and the highest recorded rating in the last six years, according to the Bank of America Merrill Lynch 2014 CFO Outlook survey.