Washington

High court set to rule on church-plan status

High court set to rule on church-plan status

The U.S. Supreme Court has agreed to resolve whether church-affiliated retirement plan sponsors are covered by the ERISA, a decision that could have wide implications for all benefit plans.

December 12, 2016
2 New Jersey traders accused in trading scam

2 New Jersey traders accused in trading scam

Two New Jersey traders were arrested on federal charges they cheated investors out of $26 million by using dozens of accounts at brokerage firms to artificially move stock prices in lightly traded...

December 12, 2016 | 06:18 pm
Goldman Sachs executive Gary Cohn named Trump economic adviser

Goldman Sachs executive Gary Cohn named Trump economic adviser

Gary D. Cohn was named assistant to President-elect Donald J. Trump for economic policy and director of the National Economic Council.

December 12, 2016 | 03:33 pm
President signs spending bill without mine workers pension relief

President signs spending bill without mine workers pension relief

President Barack Obama signed a streamlined spending bill Saturday that keeps the federal government operating until April 28, 2017.

December 12, 2016 | 11:55 am
Illinois bill calls for divestment related to wall

Illinois bill calls for divestment related to wall

A bill that calls for Illinois' five retirement systems to divest from companies involved in building President-elect Donald J. Trump's proposed wall along the U.S. and Mexico border is up for...

December 12, 2016
The art of the deal

The art of the deal

The new Trump administration should embrace privately financed and operated projects as a key element in its plans to make infrastructure a priority in its economic stimulus program.

December 12, 2016
Federal retirement benefit changes, carried interest taxes would reduce deficit — CBO report

Federal retirement benefit changes, carried interest taxes would reduce deficit — CBO report

Changing the benefit calculations for participants in the $443 billion Federal Employees Retirement System, Washington, and changes in the taxation of carried interest are two of 115 policy options...

December 09, 2016 | 04:23 pm
PBGC to take over Hancock Fabrics pension plan

PBGC to take over Hancock Fabrics pension plan

The PBGC will take over the defined benefit plan of Hancock Fabrics Inc.

December 09, 2016 | 03:46 pm
SEC enforcement director Andrew Ceresney to leave at end of year

SEC enforcement director Andrew Ceresney to leave at end of year

Andrew J. Ceresney, director of the enforcement division of the Securities and Exchange Commission, will leave the commission by the end of the month.

December 08, 2016 | 03:47 pm
Andrew Puzder nominated to head Department of Labor

Andrew Puzder nominated to head Department of Labor

Andrew Puzder, CEO of CKE Restaurants Inc., was nominated to be secretary of the Department of Labor under President-elect Donald J. Trump, the transition team said late Thursday.

December 08, 2016 | 05:36 pm
House passes spending bill without mine workers pension relief, other retirement measures

House passes spending bill without mine workers pension relief, other retirement measures

The House of Representatives passed a streamlined spending bill Thursday by a 326-96 vote that left behind several expected retirement-related measures, including one that would help the severely...

December 08, 2016 | 05:29 pm
Stifel, Nicolaus settles SEC charges on selling risky CDOs to Wisconsin school districts

Stifel, Nicolaus settles SEC charges on selling risky CDOs to Wisconsin school districts

Stifel, Nicolaus & Co. and the broker-dealer's former vice president, David W. Noack, agreed to pay a total of $25 million to settle SEC charges that they sold risky synthetic collateralized debt...

December 08, 2016 | 02:57 pm
PIMCO gets 'bad actor' waiver from SEC to continue serving as private funds manager

PIMCO gets 'bad actor' waiver from SEC to continue serving as private funds manager

PIMCO received an SEC exemption allowing it to continue serving as an investment manager to private funds and other clients, following a settlement announced Dec. 1 over charges of misrepresenting...

December 06, 2016 | 03:49 pm
Why equity investors should worry less about the Fed

Why equity investors should worry less about the Fed

Investors have less reason to worry about the impact of a December rate hike than they might think. In fact, we argue investors should be more worried if the Fed finds itself unable to raise rates.

December 06, 2016 | 10:26 am
Stephen Schwarzman, Laurence Fink among those named to Trump strategic and policy team

Stephen Schwarzman, Laurence Fink among those named to Trump strategic and policy team

President-elect Donald J. Trump formed a team called the President's Strategic and Policy Forum composed of money managers and corporate heads to offer their views on the intersection of public...

December 02, 2016 | 03:45 pm