Wednesday, April 7, 2010 as of 11:14 AM ET
A mutual fund is a type of professionally-managed collective investment scheme that pools money from many investors to purchase securities.
Read More at Wikipedia ›Activist investor Carl Icahn skewered Chesapeake Energy Corp.
's (CHK) board for corporate governance controversies and "irresponsible actions" while disclosing he acquired a sizeable new stake in the company.Icahn described the firm's shares as undervalued and indicated that he wants specific changes, including the right to name two directors at Chesapeake. He disclosed after the markets closed he holds a 7.56% stake, or 50.1 million shares, acquired for $785 million.Chesapeake's chairman, Aubrey K. McClendon, has agreed to step down from that position after it was disclosed that he had borrowed as much as $1.4 billion from firms doing business with the company. McClendon, a co-founder of the company, remains chief executive.(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, wh...
Vining Sparks chief economic strategist Craig Dismuke on Facebook's impact on investors.
Swedish lender Swedbank AB (SWED-A.SK) said Thursday it has decided to incorporate its mutual fund company Swedbank Robur under its support function unit to bring th...
Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial ...
Dow Jones’ Nick Hastings breaks down the stories moving the markets around the world.
France's largest retailer Carrefour SA (CA.FR) Thursday said Georges Plassat has taken over as chief executive, effective May 23, replacing Lars Olofsson, who retire...
Barron’s Associate Editor Michael Santoli on the impact of Greece and Europe as a whole on U.S. markets and the problems with the Facebook IPO.
The threat of exchange-traded funds backed by physical copper remains a rallying point for U.S. manufacturers and copper traders, according to a complaint filed with...
Apologies to Dickens, but if you were to write a novel called "Rate Expectations" right now, it would be almost as melancholy as the original.Before the recession, e...
Garrett Stevens, CEO of Exchange Traded Concepts, on the advantage of ETFs for investors.
Facebook's (NYSE:FB) highly anticipated public debut failed to stimulate the market as shares slid well below their offering price in the first days of trading. Prob...
Loyal3 CEO Barry Schneider weighs in on how to buy stocks directly from companies.
These stocks are down on high volume today:Today, CareFusion Corporation (NYSE:CFN) is down on high volume, trading at a volume of 2.6 million, or 1.7 times its aver...
Kaltbaum Capital Management President Gary Kaltbaum on the fallout from the Facebook IPO.
Individual investors' love affair with junk bonds appears to be on the rocks. High-yield bond funds saw their fourth-largest redemptions on record in the latest week...
T. Rowe Price is launching a new emerging-market corporate bond fund to capture the growth in these countries, but without betting on their currencies.The T. Rowe Pr...
Shareholder meetings tend to be dull, pro forma affairs held at sterile conference centers and highlighted by an earnest chief executive who checks off a list of acc...
FBN’s Dennis Kneale on the Oprah Winfrey Network’s new partnership with the Huffington Post.
Portfolio Solutions founder Rick Ferri on the Yale Model and the institutions that have tried to mimic the school’s returns.
The Vanguard Group founder Jack Bogle on investing trends and mutual funds .
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