Prudential Investments named a new president. Stuart Parker succeeded Judy Rice in the position. Rice has assumed the role of chairman of the company until her retirement at the end of 2012. Prudential Investments is the mutual fund and wealth management business of Prudential Financial Inc.

The leader of the Mississippi Hospital Association says his group won't fight renewal of a tax his members pay to help fund Medicaid.

Federal regulators are moving ahead with a rule that would ban banks from trading for their own profit. But they offered to consider adjustments after lawmakers expressed concerns that restrictions could hurt the economy.

Quite a few of the top 25 fastest-growing fund managers for last year came from boutique firms, according to Strategic Insights Simfund database.

A Democrat widely viewed as a union favorite emerged Wednesday to challenge Gov. Scott Walker, a day after petition circulators spurred by anger over the Republican's moves against organized labor said they submitted more than enough signatures to force a recall election.

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An article published in the January issue of Health Affairs suggests boosting the tax on sugary drinks is one way to slow down staggering obesity and diabetes rates in the United States.

For whatever reason, advisors and plan sponsors seem to take the Fifth when it comes to exposing their thoughts in public. So this is my humble request: Tell me what you think about the most pressing issues ahead this year, and subsequently, what you're doing about it.