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Allianz will still own about 5% percent of the company, worth approximately $464 million.

A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.

For some Dow component stocks, the first three months of the year were forgettable. Here’s an interactive slide show featuring the 5 worst-performing Dow stocks so far this year.

An arbitration panel has ordered Stifel Nicholas & Co. to pay $70,000 out of a more than $7 million claim brought against the firm by Wachovia Securities for allegedly unfairly raiding one of its Oklahoma offices.

The Dow Jones Industrial Average lost 64.94 points to close at 13,199.55 Tuesday as investors digested the release of minutes from the Fed’s latest policy-setting meeting in March.

Milwaukee, Wisc.-based CliftonLarsonAllen Wealth Advisors has teamed up with Academy Asset Management, a Philadelphia, Pa.-based investment advisor to launch Innovator Management LLC, purveyor of the Innovator Matrix income Fund.

The independent broker-dealer is betting that grouping women by life events, not their ages, is the better way to reach them.

A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.

Independent mutual fund service provider Ultimus Fund Solutions, LLC has hired Kirk Littleton as director of business development to help the company double its business within the next seven years.

It looks like iShares isn’t going to be scared off that easily by the BATS Exchanges’s glitch last month.

Principal Funds has added three new regional directors to the firm’s investment only team: Marcel Dawson, Gary Nakamura and Pamela Suing. Each will focus on growth within the registered investment advisor distribution channel.

A new report says wirehouses have boosted their average client age and created a threat to their own prospects for future growth.

Investors’ confidence rose during the first quarter of 2012, according to the newly-released John Hancock Investor Sentiment Index.

Market Vectors ETF Trust has launched the International High Yield Bond ETF, which bet on the corporate high-yield bond market.

The percentage of investors who believe they’re in a better financial position today than they were two years ago rose to 43% in the first quarter, compared with 33% in the last quarter of 2011.

BlackRock Investments Canada Inc. has appointed Mary Anne Wiley managing director and head of its combined exchange-traded fund business, replacing Som Seif, founder and chief executive of the recently-acquired Claymore Investments, Inc.

Here’s an interactive slide show featuring the 5 worst-performing Dow stocks so far this year.

Barclays has snapped up two financial advisors from Morgan Stanley Private Wealth Management as it continues to expand its Los Angeles-area reach.

A lack of information on IRAs means that many Americans are not making the most of their retirement savings accounts, according to TIAA-CREF.

The moment was remarkable, if not dramatic.