Following the Standard & Poor’s 500 Index’s record high in November, will stocks continue their ascent amid what’s likely to be lackluster global expansion in 2014? In September, the U.S. Federal Reserve’s unexpected delay in tapering its stimulus program whipsawed debt markets. Where should bond investors go for returns?
Senate Finance Committee Chairman Max Baucus offered some good ideas last week for improving how the U.S. taxes American multinational corporations. The current system could certainly stand some improvement. It’s so bad, Congress might actually do something.
Nasdaq OMX Group Inc.’s Eric Noll, who oversaw the exchange’s U.S. trading business during a period when its reliability was criticized, left the company to become chief executive officer of ConvergEx Group LLC.
Harrisburg left potholes unfilled and raised income taxes as it sank into debt from an incinerator that was supposed to reap millions. Now, residents of Pennsylvania’s capital are days away from shedding the facility that drove the city to insolvency.
Wilton Re Holdings Ltd., a life reinsurer backed by Stone Point Capital LLC, is interviewing investment banks to advise it on a potential sale or initial public offering next year, people familiar with the matter said.
Ken Griffin’s Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb’s Third Point Reinsurance Ltd. after the company’s initial public offering.
Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.