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Waddell & Reed Financial, the Overland Park, Kansas, mutual fund complex, said it earned $45.6 million, or $0.53 per diluted share, in the first quarter.

The Michael Jackson Estate has featured fireworks since very shortly after Michael died on June 25, 2009. His mother, Katherine Jackson, was not happy about non-family members, including attorney John Branca and music executive John McClain, being named as executors of his estate. So she hired lawyers and challenged the executors in probate court. They fought … and fought … and fought.

Despite the steady, upward trajectory of the stock market and declining unemployment figures in most states, middle-class Americans report they're less secure about their personal finances now than they've been more than two years, according to a new survey from First Command Financial Services.

In Japan, where origami, the folding of paper into intricate animals and other shapes, is a national hobby, it is believed that someone who folds 1000 origami cranes will have her or his wish granted.

With earnings reports for 20% of the S&P in hand, Bob Doll, Chief Equity Strategist at Black Rock, predicts that U.S. companies will outperform the consensus expectations by 3-4% this past quarter.

Ameriprise will seek a buyer for its independent broker-dealer subsidiary Securities America, while its first quarter earnings report showed positive growth in other areas.

The company hauled in a huge $330 billion in total advisory and brokerage assets during the first quarter, a record level.

Workers used the money for emergencies, a Bankrate survey found.

Americans are less pessimistic about their personal finances but are still largely skeptical, Bloomberg says.

A California judge has frozen the assets of “Tax Lady” Roni Deutch after the state attorney general asked the court to hold her in contempt for shredding millions of documents and wrongfully diverting funds from clients of her tax law firm.