Mutual Funds

TD Ameritrade to buy Scottrade in $4B cash-and-stock deal

Online brokerage TD Ameritrade is buying Scottrade in a $4 billion cash-and-stock deal that would tie up two major players in the day trading industry during an era when an increasingly large number of investors are choosing index funds over stock picking.

AIG Looks to Rebrand SunAmerica to Rebuff Icahn's Break-Up Push

As insurance giant American International Group (NYSE:AIG) continues to downsize after its near collapse during the 2008 financial crisis, the FOX Business Network has learned at least one section of the financial services giant appears safe from a potential sale: The company’s SunAmerica mutual fund unit.