WASHINGTON - Regulators are expected to vote Wednesday to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
Six years after John Thain became a central figure in the financial crisis with his shotgun sale of Merrill Lynch & Co., he's helping bring back bank deals.
Australia's core consumer prices gained more than economists forecast last quarter, sending the Australian dollar to its highest in two weeks and creating a hurdle to further monetary policy easing.
Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts. Apple's stock initially fell in after-hours trading, though it subsequently turned higher, rising 0.3 percent to USD 95.
(07-22) 21:11 PDT SAN FRANCISCO -- San Franciscans will decide whether to levy a 2-cents-per-ounce tax on soda and other sugary beverages and spend the proceeds on health programs for children, after the Board of Supervisors in a narrow 6-4 vote ...