Portfolio

As regulators work to converge U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS), several key differences remain, most notably the different measurement attributes of financial liabilities, the timing and approaches to projects and the difference between fair value and amortized costs.

The Securities and Exchange Commission has approved new rules to significantly enhance the level of information companies are required to provide shareholders in proxy statements, but many leaders worry that these changes will do little more than add to the expenses that shareholders pay.

Although homeowners, investors and economists pay close attention to the Case-Shiller indexes on major metropolitan housing, two exchange-traded funds from MacroShares that allowed investors to bet on the direction of home prices were shuttered this week.

WASHINGTON — If anyone here is happy to see 2009 in his rearview mirror, it is Treasury Secretary Tim Geithner.

Three mutual fund industry leaders, including Investment Company Institute President Paul Schott Stevens, will release new research showing how 401(k) participants are behaving and faring one year after the market calamity of 2008 and outline ways to improve the nation’s retirement system at the National Press Club in Washington on Friday, Jan. 8 at 10 a.m.

Vanguard was able to stand out this year despite – or perhaps because of – a difficult market environment.

Two leading confidence gauges were released on Tuesday. The Conference Board’s Consumer Confidence Index rose to 52.9 in December, from an upwardly revised 50.6 in November.

With the Putnam Voyager Fund up 65.6% in 2009, ranking in the top 2% of large-cap growth funds, The Boston Globe has named manager Nick Thakore Boston Capital Fund Manager of the Year. The fund has handily outpaced its benchmark Russell 1000 Growth Index, up 39.3%, by more than 26 percentage points.

Americans are divided on their outlook for the economy in 2010, with 32% thinking the status quo will prevail, 28% expecting things to get worse, and 29% hoping for improvement, according to a survey by Country Financial.

When mutual fund investors receive their year-end statements, most will be uplifted by the fact that the Standard & Poor’s 500 Index is up 24.9% for the year through Dec. 24, according to Lipper data.