The decline in publicly traded technology stocks is fueling concern that Silicon Valley startups will follow with plummeting valuations.
Northern Trust Corp., the third- biggest independent U.S. custody bank, said first-quarter profit rose 11 percent, missing analysts’ estimates as revenue grew more slowly than expected.
Federal Reserve Chair Janet Yellen said additional capital may be required for large U.S. banks whose source of funding could be at risk during a financial crisis.
TIAA-CREF agreed to buy Nuveen Investments from Madison Dearborn Partners LLC for $6.25 billion, propelling the manager of teachers’ retirement savings into the top 20 of U.S. mutual-fund firms.
Bears who abandoned bets against technology companies from Facebook Inc. to Netflix Inc. in 2013 can only sit and watch now as the stocks tumble.
TIAA-CREF, the provider of retirement accounts for teachers and non-profit organizations, agreed to buy Nuveen Investments to expand in mutual funds.
Hedge funds are saying goodbye to the calm that blanketed U.S. stocks for the past two years.
Bill Gross just can’t catch a break. As investors flock to funds designed to make money even if interest rates increase, Gross’s Pacific Investment Management Co. is alone among the biggest bond managers in suffering withdrawals from the strategy.
Japan’s government is seeking to reassure the world’s oldest population that sovereign debt can withstand inflation by selling more floating-rate bonds.
FedEx Corp. will be in the spotlight of U.S. safety investigations operating alongside local law enforcement inquiries after a fiery truck-bus collision killed 10 people in California.
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