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The chip-equipment giant makes the largest acquisition in company history to get its foot in the door of a highly specialized and fast-growing segment of the chip industry.

WASHINGTON—While investors have overwhelmingly stayed the course and remained invested in mutual funds following the financial crises of 1987, 1990, 2000 and 2008, the latest credit crisis has greatly reduced investors’ risk tolerance, said Investment Company Institute Chairman Edward C. Bernard in his opening keynote address to the ICI’s General Membership Meeting Wednesday here.

WASHINGTON—The U.S. economy, while not poised to grow as rapidly as emerging nations and saddled with a $1.4 trillion a year deficit, has the fundamentals in place and “the resiliency and strength” to reclaim its position as the leading economy of the world, Treasury Secretary Timothy Geithner told attendees at the Investment Company Institute’s General Membership Meeting here Wednesday.

WASHINGTON - UBS Financial Services, Inc has agreed to pay $160 million to settle securities fraud and other charges with the Securities and Exchange Commission, Internal Revenue Service and 25 state attorneys general over alleged fraudulent bidding practices and kickbacks involving muni investment and financial contracts.

This week, Ed examines a difficult IRA and also looks at how to handle primary beneficiaries.

With so many mutual fund options available to them, some investors are finding it much more difficult to sort out exactly which funds make the most sense for them from both a cost and investment perspective, according to Madison, N.J.-based financial advisory firm Brinton Eaton.

Advisers want technology that will give them a comprehensive view of a household’s assets so that they can rebalance and deliver goals-based guidance more effectively. On Thursday, Fiserv, Inc., of Brookfield, Wis., announced a plan to deliver such a solution.

A former UBS team including four financial advisors joins Morgan Stanley Smith Barney in New York, while a two-member Bank of America Merrill Lynch financial advisor team joins in Newport Beach, Calif.

As trusted and respected advisors, clients often look to us for guidance. Successfully handling those situations where there is no financial solution requires us to recognize two things: First, our role changes, and second, a different skill set is required to preserve and strengthen the client relationship.

For many advisors, your personal or company website is the core of your web marketing efforts. It's no surprise, then, that advisors are starting to think about how to better utilize their website to both serve their existing clients and develop new business.

The SIX Swiss Exchange has begun trading in 12 exchange-traded funds created by State Street Global Advisors.

CHICAGO — Strong investor relationships and diligent disclosure provide issuers with their best shot at keeping borrowing costs down amid headlines about fiscal stress that persist even as state tax revenues have rebounded, a conference panelist said here Tuesday.

The head of the American Bankers Association on Tuesday quickly reneged on his endorsement of Elizabeth Warren as director for the Consumer Financial Protection Bureau.

We have heard of firms winning employee loyalty by paying them more, but never—until we spoke to the principal at Colorado West Investments—by paying them less. At the Montrose, Colo.-based wealth management firm, that is what Kevin Sanderford ended up doing to rationalize the firm’s compensation plan. After the awful downturn in 2008, Sanderford had to lower compensation for his practice manager, who also had a series 7 license. She was not drawing a huge salary—indeed,…

Genworth Financial Wealth Management has introduced a streamlined approach to diversifying investments through its Genworth Portfolio Solutions (GPS).

Hatteras Funds has added two single strategy hedged mutual funds to its lineup of alternative mutual fund products. They are the Hatteras Long/Short Equity Fund and the Hatteras Long/Short Debt Fund.

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, rose 2.2% in the first quarter, with positive performance in each month.

Global X Funds has launched the Global X Food ETF, in anticipation of growing demand for food, driven by the growth of emerging market nations.

The Federal Reserve’s ultra-easy monetary policy has been a major cause of rising corporate profits and a broader recovery, says Black Rock Chief Equity Strategist Bob Doll. The Fed has also helped bring about the decline in the dollar, boosting exports.

Product includes portfolios managed like institutional and endowment funds.