| Mar 11, 2014
| 9:32 AM
A longtime trustee for Newport Beach's $1.9-trillion Pimco funds lashed out at the reported $200-million annual salary of Bill Gross, the billionaire bond guru who co-founded the giant money manager in 1971 and remains its chief investment officer.
| May 29, 2014
| 6:25 PM
The food fight over Hillshire Brands Co. is getting messier.
The Chicago company, maker of Ball Park franks and Jimmy Dean sausage, has received unsolicited takeover offers from two rival meat-processing heavyweights.
Tyson Foods Inc. on Thursday...
| May 14, 2014
| 6:20 PM
Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...
| May 18, 2014
Research labs closed by pharmaceutical giant Pfizer dot the country: Illinois. Michigan. New Jersey. New York. North Carolina.
Maryland officials don't want this state to join that list.
After Pfizer declared its desire to buy AstraZeneca — which...
| May 19, 2014
| 11:15 AM
Mutual-fund fees are declining as the stock market rises and investors become savvier about expenses, according to a new study.
The sharp rise in share prices last year triggered discounts in which fees in many funds dropped as the assets in those...
| May 21, 2014
| 4:55 PM
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a...
| May 7, 2014
| 7:49 PM
Just as the Chicago area is getting ready for air conditioning weather, residents can expect to be jolted by higher electric bills.
Starting June 1, Commonwealth Edison customers on average will see monthly bills jump 21 percent, to about $82 a month...
| Apr 24, 2014
| 3:33 PM
Baltimore money manager T. Rowe Price said Thursday that net income rose nearly 26 percent in the first three months of the year, compared with a year earlier, and customers added money to portfolios rather than taking cash out — reversing an...
| Jul 15, 2014
| 2:00 PM
Reynolds American Inc. will buy Lorillard Inc. for $25 billion, merging two of the world's biggest cigarette makers in a deal that includes the sale of the top-selling U.S. e-cigarette to Britain's Imperial Tobacco Group.
The deal, which gives Reynolds...
| Jul 16, 2014
| 2:30 AM
Back when I was packing lunches, I inevitably found myself in line at the deli counter behind one or another older couple who took what seemed like forever before making their selection.
That leisurely approach explains, in part, why you may be better...
| Jul 16, 2014
| 8:16 AM
Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits. The overall price increase, effective...