Posted In: Wall Street
The Securities and Exchange Commission has one more chance to make its case on rules governing the mutual fund industry that were designed to protect investors from abuses. A federal appeals court today sent the rules back to the SEC for the second time in less than a year. The SEC ruled in 2004 that at least 75% of directors on mutual fund boards must be independent; currently the mandatory minimum is 50%. Alisa Roth reports.
The European Central Bank is expected to leave the Euro-zone interest rate unchanged today when it meets to discuss monetary policy. Alisa Roth reports on the differences between the ECB and the US Federal Reserve Bank.
Wal-Mart has announced it will open more than 50 stores in "distressed" areas and help small businesses in those areas to succeed. It's part of an image overhaul for the company, which has faced increasing criticism for its business practices. Alisa Roth reports.
The coffee retailer becomes a movie marketer today, launching a publicity campaign to promote a film it also helped produced. Alisa Roth has more.
General Motors announced today that a group of private equity firms has bought most of its commercial mortgage division. Will the $9 billion deal help GM reverse its fortunes? Alisa Roth reports.
Today the United Auto Workers announced much-awaited deals with both GM and Delphi. The deal is designed to help GM meet its restructuring goals by trimming its workforce... and to avert a much-feared strike by Delphi. Alisa Roth reports.