In a world in which the expected long-term return on stocks after taxes and inflation is 3% to 4% a year at best, financial advisers still typically charge 1% a year for their services. Why, when you take all the risk, does your adviser take up to one-third of the reward?
Troubles in the nation's for-profit college industry accelerated on Friday as ITT Educational Services Inc. disclosed that two federal agencies have placed the struggling education company in their cross hairs.
Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiffs' attorneys.
Hertz Global Holdings said it will pay former Chief Executive Mark Frissora about $10.5 million in cash, a majority of his bonus for 2014 and other equity-related compensation as part of a separation agreement.