Industry

U.S. stocks continue to shine

U.S. equities are about to hit record highs, proving investors have been able to look past the political gridlock over fiscal deficit, reports FT.com. There appears to be a sense among investors that the U.S. economy can withstand the $85 billion sequestration cuts. U.S. benchmark stock indices have gained over 12% since last November. Also […]

By Staff |March 4, 2013

1 min read

Swiss execs to face stricter pay rules

Swiss voters have approved a wide-reaching set of limits on corporate pay that are sure to sour the mood in country’s corner offices, FT.com reports.

By Staff |March 4, 2013

1 min read

FINRA fines Ameriprise and clearing firm $750,000

FINRA has fined Ameriprise Financial Services, Inc. and its affiliated clearing firm $750,000 for failing to have reasonable supervisory systems in place to monitor wire transfer requests and the transmittal of customer funds to third-party accounts.

By Staff |March 4, 2013

2 min read

Tax reform may end budget impasse: Boehner

John Boehner, the speaker of the House of Representatives, says the resolution of U.S. deficit may lie in tax reform and a debate over next year’s budget, reports FT.com. Boehner, who is opposed to any suggestions of tax increases as a solution to tackle the issue of deficit, admits there’s “no resolution at hand to […]

By Staff |March 4, 2013

1 min read