Bank of America Corp (NYSE:BAC), intent on shaking off the string of lawsuits that have been hounding it since the financial crisis, appears to be entrapped in a new legal battle with American International Group Inc (NYSE:AIG). Mariana R. Pfaelzer, a federal judge in California, ruled in favor of AIG saying that the insurer has the right to pursue its fraud claim against BAC, NY Times reports.
In a sign of the times, networking equipment leader Cisco Systems, Inc. (NASDAQ:CSCO) has resorted to a cut in its workforce by almost 2 percent, which is approximately 1,300 jobs. The... read more
November 2016, what many thought was unthinkable became a reality when Donald Trump assumed power in the United States. His unpredictability and outspokenness had already spooked markets in the... read more
The third quarter of 2014 experienced a sharp divergence between the major stock market indexes. While domestic large caps inched ahead, foreign stocks fell, and U.S. small caps dropped... read more
Notes from Joel Greenblatt And Richard Pzena's keynote presentation from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19. See the full notes here. Q2 hedge... read more
Karen Shaw Petrou's memorandum to Federal Financial Analytics clients on why Santa gave bankers lumps of coal? TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: December 18, 2015 There’s one clear... read more
Matthews Asia April 2016 Country Updates: China, India, Japan, Korea & Southeast Asia China/Hong Kong In April, the MSCI China Index returned -0.19% in local currency terms. Hong Kong’s Hang Seng... read more
Alkeon Growth Partners was up 8.11% for May, bringing its year-to-date return to an impressive 23.4%, including the steep selloff in March. The fund's net exposure was 73.9%, while... read more
Muni bonds ought to have had a rough week, with outflows more than doubling from $875 million to $1.9 billion and more than $11 billion in new issuing, but... read more
SAN DIEGO, Sept. 10, 2015 /PRNewswire/ -- Orexigen Therapeutics today announced that funds managed by The Baupost Group, L.L.C. have purchased 20 million shares of its common stock and... read more
Recent articles in Advisor Perspectives by David Blanchett and by Zvi Bodie and Dirk Cotton have dealt with single-premium immediate annuities (SPIAs) used to generate lifetime income in retirement.... read more
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