Money Headlines

Fri, Dec 19 2014

Wall St. watchdog discrimination suit may head to trial

Photo

- A former securities arbitration official's wrongful termination suit against the Financial Industry Regulatory Authority (FINRA) is set to head to trial, despite the Wall Street watchdog's effort to end the dispute, a U.S. judge has ruled.

Pimco still sees longer-term value in Russian bonds - paper

FRANKFURT - The world's biggest bond investor Pacific Investment Management Co (Pimco) sees the economic crisis in Russia having only a limited impact on the financial system in the longer run, investment chief Dan Ivascyn told a German newspaper.

11:45am EST

Investor in Meredith Whitney's hedge fund wants his money back: Bloomberg

- The biggest investor in Meredith Whitney's hedge fund has demanded his money back and two executives have left in the past month, Bloomberg reported, citing a person with knowledge of the firm.

19 Dec 2014

Legg Mason board OKs new share purchases by top holder Trian

BOSTON - Baltimore asset manager Legg Mason Inc's board has approved additional future share purchases by its top investor, Trian Fund Management, according to company filing on Friday.

19 Dec 2014

How to win friends and family while regifting

NEW YORK - There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting.

19 Dec 2014

Exclusive: AdvisorHUB site tried to sell broker data to major wirehouses

NEW YORK - AdvisorHUB, a year-old gossip and news website for the brokerage industry, has become such a part of brokers' daily reading routine that some call it the "New York Post of financial news."

19 Dec 2014

How to win friends and family while regifting

NEW YORK - There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting.

19 Dec 2014

Knock knock. Who's there? Amazon's best-selling holiday author

Photo

NEW YORK - It sounds like the usual setup for a knock-knock joke: Who is the best-selling author on all of Amazon.com this holiday season? Rob Elliott. Rob Elliott who?

Tech, Money, Media 19 Dec 2014

Louisville lawmakers approve minimum wage hike

LOUISVILLE, Ky - Louisville, Kentucky officials on Thursday approved an increase to the city's minimum wage, boosting it from the federal rate of $7.25 to $9 an hour by 2017, becoming the 12th city to approve a hike this year.

Money, Politics, U.S. 19 Dec 2014

China sets up trust insurance fund to cap industry risk

SHANGHAI - China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country's banking regulator said.

19 Dec 2014
Photo

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.