Mutual Funds

The year begins with a walk to the edge of the "fiscal cliff" and a nauseating look below. Have you dared look over the edge of your own cliff, or has the fear of falling kept you from contemplating the possibility of another recession, job losses,...

In the first test of resilience after January's payroll tax hike, consumers achieved a passing score as they went shopping and bought more than economists had expected. The results showed up Wednesday in the Commerce Department's January retail sales...

Small investors should beware of rising interest rates, a regulatory group warned Thursday. The Financial Industry Regulatory Authority issued an “investor alert” warning individuals that their fixed-income holdings could lose value if...

Legg Mason Inc. chose an insider as its new CEO, quelling speculation that the Baltimore-based money manager might be headed for a breakup that could have been bad news for the city. After a worldwide search for a new leader, Legg announced Wednesday...

Went to a magic show Sunday, called, appropriately enough, “Smoke and Mirrors.” Watched the magician pull a rabbit out of his hat and everything. (OK, it was a bird, but who’s counting?) You know it’s all an illusion -- trickery,...

After more than four months without a permanent leader, Legg Mason Inc.'s search for a new CEO might finally be near the end. It probably can't come soon enough for employees and investors who have lived through months of uncertainty. "The longer it...

T. Rowe Price Group on Tuesday reported a $232 million profit for the fourth quarter, a 23 percent increase from a year earlier. The Baltimore-based investment firm earned 88 cents a share for the quarter ended Dec. 31. That's up from 73 cents a share a...

Hedge fund manager Bill Ackman is stepping up his attack against Herbalife Ltd., releasing a 40-page list of questions about how the Los Angeles nutrition company does business. Ackman, whose Pershing Square fund has a $1-billion short against...

This just got personal. Herbalife Ltd. has obtained the rights to domain names such as therealbillackman.com and billackman.net, a sign that the Los Angeles nutritional products company may be planning a public campaign against one of its biggest...

Congressional investigators have recommended a full House Ethics Committee probe of Rep. Aaron Schock for allegedly soliciting contributions of more than $5,000 for a political action committee to help an Illinois colleague engaged in a bitter primary...

Legg Mason Inc. will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, the Baltimore-based money manager disclosed Tuesday in a filing with the Securities and Exchange Commission. Last month, Legg...

The stock market has surprised investors with an unusually strong surge, even enticing individuals to throw billions into the stock funds they've feared for years. But is the enthusiasm for stocks due to an economy that is greatly stronger? Actually,...