Finance News

SEC Poised To End $1 A Share For Some Money Funds

Regulators prepared to vote to end a longtime staple of the investment industry—the fixed $1 share price for money-market mutual funds—at least for some money funds used by big investors.

Annette Taddeo

Taddeo Touts Status As Small-Business Owner, Working Mom

By News Service of Florida |

Democratic gubernatorial candidate Charlie Crist announced that his running mate would be Annette Taddeo, chairwoman of the Miami-Dade Democratic Party and a political consultant's dream: a Hispanic working mom who runs a successful small business and hosted her own show, Taddeo2Day, on CNN Latino.

ConocoPhillips Tops For 401(k) Plans; Facebook Last

ConocoPhillips estimates that an employee could retire at 60 after 35 years of service with savings of $3.8 million.

Instead Of Fearing Higher Rates, Learn To Love The Fed

In the last two tightening cycles by the Federal Reserve, instead of tumbling, U.S. debt securities from Treasuries to junk bonds gained.

Vladimir Putin

Russian Billionaires In 'Horror' As Putin Risks Isolation

Gennady Timchenko and the 18 other richest Russians lost $14.5 billion since the start of the year, compared to an increase in wealth of $56.5 billion for the richest 64 Americans.

Thirst For American Craft Beer Goes Full Circle Back To Europe

Green Flash became the first U.S. craft brewery to begin making and selling fresh beer in the European market, taking its West Coast IPA to in the U.K., Belgium, France, the Netherlands and Italy.

Wage Gauge Blurred By Boomer-Millennial Shift

Older Americans are trading big salaries for part-time gigs or retirement, just as an even larger group of young people come into the labor force at entry-level salaries.

JPMorgan Threatens To Stop Originating FHA Loans

JPMorgan Chase's Jamie Dimon wants clearer rules over when the government will demand triple penalties.

Juan Valdez Cafe in downtown Miami

Juan Valdez Goes After Starbucks With Franchise Cafes In Florida

Juan Valdez, the coffee brand backed by the Colombian Coffee Growers Federation, is opening franchised cafes in Florida in a fresh attempt to challenge Starbucks on its home turf.

Showboat Casino, Atlantic City, N.J.

Casino Closings Zap Jobs, Make For Uncertain Atlantic City Future

About a quarter of the casino jobs that propped up Atlantic City for more than three decades are on the line as gambling houses close.

Finance Industry Bonuses Hit In Poll As Revenue Disappoints

Almost half of all finance professionals expect bonuses to be smaller this year, if they get one at all, according to a Bloomberg Global Poll.

Blackstone Buys CatalunyaCaixa Mortgages For $4.87 Billion

Blackstone Group LP, stepping up bets on Spain's economic recovery, is buying about $8.7 billion of mortgages from CatalunyaCaixa SA for $4.87 billion.

F-Bombs Uttered In Recession Cause CEOs Trouble Later

Scotts Miracle-Gro CEO James Hagedorn led the way in the past decade, dropping three F-bombs during conference calls and 17 other curse words.

Marco Rubio

Rubio Jumps Into Student Debt Issue With A Plan

Sen. Marco Rubio introduced a bill to establish a universal system of federal student loan repayment based on the borrower's income, a move that may help the Republican appeal to younger voters.