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Auditor General Jack Wagner said about one-fifth of Pennsylvania's school districts have recently been involved with interest rate "swaps," a practice he said the Legislature should ban.
In a Nov. 16 story about the U.S. holdings of private equity firm Blackstone Group, The Associated Press erroneously reported the type of securities the company purchased related to Southwest Airlines.
Gov. Charlie Crist and two Cabinet members who sit on a panel that invests state money chastised their top staffer for failing to keep them updated on a Securities and Exchange Commission investigation.
Nebraska officials say two related Omaha companies have been improperly selling unregistered investments promising as much as a 1,000 percent annual return.
Soros Fund Management LLC, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor Co.
The equity investing unit of computer chip maker Intel Corp. said Tuesday it has made seven new investments totaling $25 million to help foster new technologies.
Stock market gains mean two trust funds likely will be able to contribute money to help support education and health care in next year's state budget, state Investment Officer Matt Clark said.
Private equity firm Blackstone Group, run by co-founder Stephen Schwarzman, bought a $7.8 million stake in Southwest Airlines Co., cut its stake in Eastman Kodak Co. and sold its holdings in Calpine Corp. during the latest quarter.
Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter.
Two top Florida Democrats want changes to the makeup of the board that oversees Florida's $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission.
The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission.
GE Healthcare said Wednesday it plans to expand a cancer drug research partnership with Eli Lilly & Co., making a two-year-old partnership official in the process.
Venture capitalists' investments in U.S. startups rose in the third quarter when compared with the first two quarters of the year, suggesting increased confidence in the economy. When compared with the year-ago period, however, they marked a fifth consecutive quarter of decline.
South Korean companies that make everything from tents to food preparation equipment and paving technology spent three days exploring investment opportunities in an Ohio area hard hit by layoffs in the auto and transportation industries.
Billionaire Warren Buffett's company revealed Friday that it had bought a new stake in medical supply company Becton, Dickinson & Co. and boosted its holdings in Johnson & Johnson during the second quarter.
Putnam Investments said Tuesday it is cutting fees for its fixed-income mutual funds by an average 13 percent, and by 10 percent for asset allocation funds holding a mix of stocks and bonds.
Venture capitalists cut their U.S. investments in half during the spring, the second-consecutive quarter to mark a more than 50 percent decline, leaving the money flowing to startups at the slowest trickle in 12 years.
U.S. foundations saw their investments drop by an average of 26 percent in 2008 amid the economic downturn and stock market collapse, but that hasn't slowed their charitable giving, a new survey has found.
Warren Buffett's company found more bargains among beaten down marquee stocks during the first quarter as it added to its sizable investments in Wells Fargo & Co., US Bancorp and Johnson & Johnson.
A legislative committee leader called Tuesday for Gov. Bill Richardson to replace some officials in charge of state investments and members of oversight boards for New Mexico's permanent and pension funds.
Federal agents have questioned New Mexico investment fund officials about a financial adviser entangled in a pay-to-play investigation involving a New York state pension fund.
U.S. venture capital investments sank 61 percent in the first quarter, dropping to the lowest level in 12 years as financiers became even warier about sinking funds into startups during a deepening recession.
Fidelity Investments said Tuesday its operating profit fell 18 percent last year compared with 2007, as the nation's largest mutual fund company saw fund performance decline compared with its peers.
Putnam Investments said Wednesday it's eliminating 260 jobs, or about 10 percent of its work force, as its money management fees decline along with the markets.
Venture capital investments plunged 33 percent in the fourth quarter, falling to the lowest level in nearly four years as the financiers of new business ideas became more reluctant to take on new risks during a recession that has shown no signs of easing.
Bank crisis shows need to expect the very worst: Including a killer pandemic (Study)Two years of economic and market turmoil mean that investors cannot ignore the chances of even the most extreme events like global depression or a killer pandemic, a leading investment consultancy said on Monday.
Rise in stock ownership among lawmakers brings ethics concerns This juxtaposition of investments and policy has become more common as stock ownership has soared on Capitol Hill over the past two decades.
As unemployment and poverty rise Obama turns to the financial elite for campaign cashThis article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.
TARF - It's here, it's expensive - IT'S FINANCIAL SUICIDE!!! In a newspaper that I will not name because they refuse to allow posting of complete articles without a subscription, there was an article about TARF - the government's Toxic Asset Rescue Fund.
Bank of America shopping Lehman claim: reportMaybe American Express might want to right their wrongs with Lehman Brothers.
Boomers seen driving $10 trillion wealth management shiftBOSTON (Reuters) - U.S. financial advisors are due for upheaval as baby boomers, controlling $10 trillion in assets, reach retirement age and shift their investment priorities, said a senior executive at asset manager BlackRock Inc.
What results from expectation of future profits are primarily caused by investment decisions. The likes of expectations could be:
How do I …Use insurance as an investment?Permanent insurance is different from its more common cousin, term-life insurance. The premiums you pay for permanent life insurance are much higher than for term life, but the payoff is that your policy accumulates cash value over time.
U.S. Proposes Ban on 'Flash' Trading on Wall StreetIt is an obscure art of Wall Street, a technique that gives a scattering of traders an edge over everyone else — and the Securities and Exchange Commission wants to stamp it out.
Ex DEA agent who hunted Noriega charged in $7 billion fraudThe former chief of the US Drug Enforcement Administration's Miami office who led the agency's cases against infamous Panama strongman Manuel Noriega and Medellin cartel kingpin Fabio Ocho, was indicted by a federal grand jury Thursday for ordering the shredding of records once b …
Credit Card Losses Will Stay HighThe Google search box might be a good indicator. Have you taken the type to type "not paying" in that little box? Notice the first suggestion is credit cards. Even Google understands people are not paying credit card debt. Some simply cannot.
Read This Because the Dollar Is Doomed A logical look at the state of the Dollar and what is likely to happen in the future.
Retiring? Pay Off Your Mortgage The collapse of the real-estate market is teaching a painful lesson to many seniors about the risks of carrying debt into retirement.
Cocaine Traces Found in Up to 90% of US Paper MoneySomehow I did not overly react to this news. I found myself biting my lower lip and chuckling, "well a lot of money does change hands on both Wall Street and in Washington."
5,000 USA Rich's Worst Monday - UBS Naming Names on AccountsMy Monday is pretty much planned out. Aside from a natural disaster or other altering event, assuredly my Monday will be much better than these 5,000 UBS offshore banking customers. Hopefully there's enough to cover back tax in each.
Berkowitz Dumps American Express - Holdings Reduced 73% The newest Oracle dumps a large percentage of AXP. What's that say?
Berkshire Underestimated the Risks of Falling StocksEven the Oracle and his picks are suffering the effects of the recession.
Ethical Profits: Green Investing Is Paying OffStock markets from New York to London are finally recovering. Appetite for risk is returning. And recent improved corporate results have buoyed hopes that the global economy is on the mend.
Variable Annuities: They Rose when Stocks TankedVariable annuities ended up being a great bet for those that took them in the last ten years. Once said to be too expensive, those same people are the ones wishing the could have been invested in one.
Ameriprise Pays $17.3M To Settle SEC Charges Isn't that nice when the former parent company owner leaves you in a lurch and you get stuck with the bad karma? That's exactly what has happened to Ameriprise.
California IOUs may become investment vehicles It cannot be said that the American people are not creative...Here is the latest idea to come along....
Florida aided Allen Stanford, suspect in huge swindle - Florida - MiamiHerald.comThe role that regulators played on the state level in Florida giving unprecedented power to Stanford's private investment firm was a symptom of what was taking place on the national scene. It has led to massive fraud by ponzi schemers like Allen Stanford and Bernie Madoff.
Winner of Lunch With Warren Buffett Gets a Windfall SHANGHAI — A Chinese businessman named Zhao Danyang paid a record $2.1 million in a charity auction on eBay last year to win a lunch date with one of his heroes: Warren E. Buffett, the so-called Oracle of Omaha. ...
Reforming France: Pointing the way PRESIDENT Nicolas Sarkozy made French constitutional history on Monday June 22nd by addressing a joint session of the lower and upper houses of parliament, known as Congress. He becomes the first French president to do so since the 19th century.
Gloria Arroyo sets 'secret' trip to Colombia: in search of post-2010 asylum haven?[Philippine] PRESIDENT Gloria Arroyo will make a "secret" trip to Colombia after her state visit to Japan ends Saturday.
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