Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.
Actavis plans to complete its more-than-$20-billion bond offering on Tuesday, the latest sign of a booming bond market and a deal which would rank as the second-largest corporate offering on record.
Many investors have switched to low-cost index funds, but some stick with actively managed funds, hoping to beat the market. Two experts debate both approaches.
Behind the scenes in Europe, banks regularly dole out lucrative work to their competitors, partly based on how much business they will receive in return.
A surging stock market makes investors feel smart. With the S&P 500 near an all-time high, pay heed to the many ways you can go wrong.