| Nov 21, 2013
| 3:35 PM
DETROIT The U.S. Treasury Department expects to sell all its General Motors Co. shares by the end of the year, leaving taxpayers with a $10 billion loss but also tens of thousands of saved auto-related jobs and a leaner, stronger GM that makes more...
| Nov 17, 2013
As a corporate executive, Roland Smith is a fixer, repairing beleaguered companies. In his leisure time, he also embraces risk, climbing mountains and riding motorcycles. In the Army, he was a test pilot.
Analysts and merger experts say Smith, 59, may...
| Nov 14, 2013
| 3:52 PM
Instead of just phoning a local landlord, house renters in Orlando may soon be dealing with call centers and centralized maintenance crews as Wall Street gets more involved in local home rentals.
In one of the surest signs that the home-rental...
| Oct 22, 2013
| 12:08 PM
California’s 529 college-savings plan was rated one of the best in the country Tuesday by mutual-fund researcher Morningstar Inc.
The state’s ScholarShare plan was upgraded to a “silver” rating from “bronze” last...
| Oct 21, 2013
| 5:24 PM
NRG Energy Inc., the largest independent U.S. electricity producer, agreed to buy most of the assets of Edison International's bankrupt Edison Mission Energy for $2.64 billion to expand its coal and wind holdings.
The purchase price consists of about...
| Oct 11, 2013
| 8:16 AM
Of the many ideas at Chicago Ideas Week, the biggest one to catch on may be Chicago Ideas Week itself.
We've reached Year Three of this annual festival of discussions, demonstrations and interactive experiences, and what recently seemed new now feels...
| Oct 6, 2013
| 5:00 AM
In the last five years, stock mutual fund managers had two big opportunities to show how much they deserved your money — and trust.
First, they could have limited your losses in the harrowing 2008-09 market crash. Second, they could have...
| Sep 24, 2013
| 6:16 PM
The tide appeared to turn this summer. Deutsche Bank upgraded Groupon from "hold" to "buy" in June. Second-quarter results announced in August prompted Raymond James to upgrade Groupon to "market perform," while UBS bumped it up to "neutral." Morgan...
| Sep 16, 2013
| 3:33 PM
A decade ago, Taymour Tamaddon was an MBA. student with a background in physics trying to convince Baltimore-based money manager T. Rowe Price to hire him as an intern.
Not only did Price give him the internship and hire him later as a health care...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 13, 2013
Taking the easy route with investing is turning out not to feel so easy.
A no-brainer approach to investing in 401(k)s, IRAs and 529 college savings plans during the last few years has been to choose an "allocation fund," or a fund that takes you off the...