Selling a Pension for a Lump Sum: A Bad Deal on Both Sides
If you get a monthly pension check, but need a lot of cash now, you might be considering a pension income stream deal. Here's why you should find another way to get the money.
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Retailers Find Bangladesh Factories Still Make Sense
Despite a series of accidents that have killed hundreds of people in recent months, dozens of major retailers and apparel makers continue to operate in Bangladesh.
GM Boosts CEO Pay 44%; Gov't Still Owns 16.4% Stake
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Walmart Says Loss Likely from Bribery Investigation
Walmart says it is likely that it will incur a loss from bribery probes into its operations in Mexico and other countries.
Nasdaq to Reimburse Facebook Investors: Should You Expect a Check?
The SEC has approved a Nasdaq proposal to create a $62 million fund to compensate those who lost money due to trading errors during Facebook's IPO. But who will benefit?
SEC Approves Plan to Reimburse Investor Losses in Facebook IPO
The Securities and Exchange Commission approves a plan to compensate market makers who lost money in last year's botched Facebook IPO.
Hedge Fund Agrees to Pay $600M to Settle Insider-Trading Charges
Two affiliates of SAC Capital Advisors, the hedge fund run by billionaire Steven Cohen, will pay more than $614 million to settle insider trading settlement charges.
Mary Jo White Promises 'Unrelenting' Enforcement at SEC
Mary Jo White vowed Tuesday to make "bold and unrelenting" enforcement of Wall Street a high priority if she is confirmed chairman of the Securities and Exchange Commission.
SEC Charges Illinois With Fraud -- and Settles Immediately
On Monday, the Securities and Exchange Commission published a notice that simultaneously charged the state of Illinois with committing securities fraud and also settled the charges, without requiring Illinois to either "admit or deny" the agency's findings.
Post-Financial Crisis, the SEC Is More Toothless Than Ever
Whether you have millions of dollars invested in stocks, or a few thousand bucks in mutual funds, it's vitally important to you that the SEC -- Wall Street's top cop -- is doing its duty, and enforcing the law. But a new report casts doubt on whether our financial cop is really on the beat.
Exchanges Seek Test Program for Small, Mid-Cap Stock Pricing
Representatives from NYSE Euronext, Nasdaq OMX and BATS Global Markets will be among the experts to gather during a daylong roundtable at the Securities and Exchange Commission to discuss tick sizes, or the minimum pricing increment that can be used to trade securities.
Obama to Tap Former Federal Prosecutor Mary Jo White to Head SEC
President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission (SEC), a White House source said, restoring the agency's power to work on its overhaul of Wall Street.
JPMorgan CEO Sees Pay Slashed Over London Whale Trading Loss
JPMorgan Chase reported a 55 percent jump in earnings for the fourth quarter as mortgage fees and other income surged. The bank also released its reviews of a $6 billion trading loss that drew sanctions from regulators, and said it would cut CEO Jamie Dimon's pay by more than half as a result.
10 Mistakes That Turn Investors Into Their Own Worst Enemies
The hardest part of investing can sometimes be getting out of your own way. Too often, we let emotions guide our investing strategies, with disastrous results. A new study reveals the most common mistakes: We've summed up the popular pitfalls so you can avoid them.
Insider Trading at Playboy: The Case Against Christie Hefner's Husband Revealed
Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.