Tech Titan Departs: Larry Ellison Steps Down From CEO Position at Oracle
After 37 years running the company he founded billionaire Larry Ellison is leaving the top job at Oracle. The long time CEO will become the chairman of Oracle's board and the software company's chief technology officer. Current presidents Safra Catz and Mark Hurd will take over as chief executives.
How the 'Bacon Bowl' Gave Hope to a Tiny Town-Then Left for China
PORT GIBSON, Miss.-This town of 1,500 people, in one of the poorest counties in the U.S., could use a break. Last November, one seemed to arrive in the form of a cooking utensil-the Perfect Bacon Bowl. Hawked on national television, the plastic molds shape bacon into edible serving bowls for...
Brokers Battle Deutsche Bank Over Selling In-House Products
Since the market collapse of 2008, scrutiny has intensified on the way large banks and securities firms treat their brokerage customers, particularly when it comes to steering them into the firms' own products.
More Retirees Dump Their Possessions and Hit the Road
Some call themselves "senior gypsies." Others prefer "international nomad." David Law, 74, a retired executive recruiter who has primarily slept in tents in several countries in the last two years, likes the ring of "American Bedouin." They are American retirees who have downsized to the extreme, choosing a life of...
Have Computers Messed Up the Unemployment Rate?
The Labor Department's monthly jobs report has been the subject of some wacky conspiracy theories. None was wackier than the suggestion from Jack Welch, the former General Electric chief executive, that government statisticians were exaggerating job growth during President Obama's 2012 re-election campaign. Both Republican and Democratic economists dismissed those...
Why Would the Social Security Trustees Want to Cut Benefits? It's a Mystery.
Retirement expert Alicia Munnell of Boston College has brought a simmering Social Security mystery out into the open: Why were key figures about the program's benefits for retirees deleted from the latest trustees' report? Munnell's conclusion is that the reason is nefarious.
Wealth Managers Enlist Spy Tools to Map Portfolios
MOUNTAIN VIEW, Calif. - Some of the engineers who used to help the CIA solve problems have moved on to another challenge: determining the value of every conceivable investment in the world. Five years ago, they started a company called Addepar, with the aim of providing clear and reliable information...
Welcome to the Everything Boom, or Maybe the Everything Bubble Economy
In Spain, where there was a debt crisis just two years ago, investors are so eager to buy the government's bonds that they recently accepted the lowest interest rates since 1789.
6 Best Financial Firms for Advisor Service: Dalbar
Dalbar's Financial Intermediary Service Award for 2013 rates the top firms in service to financial professionals.
10 Best Jobs in Business: 2014
U.S. News found that the financial advisory profession has one of the lowest unemployment rates and one of the highest job growth rates around.