U.S. stocks rose Friday, reversing losses from earlier in the week as changing expectations about when the Federal Reserve will next raise interest rates dominated trading.
Gaps in security standards and poor communication about breaches have exposed vulnerabilities of the global money-transfer network.
The leadership of Sequoia Fund, which was hurt by an oversized position in Valeant Pharmaceuticals, promised hundreds of investors gathered at the Plaza Hotel in New York that it will cap the size of large stakes in the future.
Freeport-McMoRan Inc., hard hit by the commodities-market rout, has formally canceled plans to take its oil-and-gas business public.
A type of investment that is up 11.5% so far this year, often pays hefty income and is trading at a discount might sound like perfection. It’s not, Jason Zweig writes.
Anbang Insurance‘s opaque deal-making style is now surfacing in Canada, in $744 million takeover agreement signed last week.
Most investors are lost most of the time, and a surprising number follow the Douglas Adams strategy: imitate someone who seems smarter, writes James Mackintosh. 62
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