| Jun 26, 2014
| 3:45 PM
A basic tenet of retirement planning instructs investors to tilt their sails to more conservative shores as their retirement beachhead nears.
One of the oldest personal finance rules of thumb held that one should subtract his or her age from 100, and...
| Jul 3, 2014
Summer is a busy time. People seem to always be on the go.
That can be challenging to avid readers and seekers of information. It's not always convenient to stop by the library to find something new to read or the answers required for a special project....
| 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...
| May 16, 2014
| 2:26 PM
McDonald’s Corp. admits its efforts to fix things in Germany and Japan will take time and that it needs to pay better attention to what customers want, two company executives said on Friday.
The world’s largest restaurant company says that it...
| 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...
| Jun 3, 2014
| 12:26 PM
Hillshire Brands Co. shares hit a new high on Tuesday after Pilgrim's Pride Corp. raised its offer for the Chicago-based food company to $55 per share.
Investors are now waiting to see whether bidder Tyson Foods Inc. will come back with yet a higher...
| May 27, 2014
| 6:35 PM
Pacific Investment Management Co. is rehiring a former top executive in its latest bid to overcome the furor still lingering from the surprise resignation of its chief executive early this year.
The Newport Beach bond fund giant said Tuesday that Paul...
| 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...
| Jun 4, 2014
Some of the most admired managers in the mutual fund business are ducking away from stocks.
It's an unusual move that reflects some squeamishness about soaring stock prices. They are storing as much as a third of their clients' money in cash. In effect,...