Investment Instruments

The American Academy of Actuaries group called on the president, as well as Congress, to vow to ensure the long-term viability of Social Security and Medicare, something that has long been talked about with little to show for all the rhetoric.

Western Asset Management Co., a unit of Legg Mason Inc., will pay more than $21 million to settle charges of defrauding clients.

Giving plan sponsors an additional 45 days, it says, allows them and service providers the additional time and flexibility they need to furnish required materials without accelerating the deadline for subsequent years.

Were the original deal and subsequent negotiations conducted according to the rules? Were they fair?

Banking regulators are crowding out the Securities and Exchange Commission in decisions that affect how capital markets are overseen, a top securities regulator said today.

U.S. stocks fluctuated following the worst week since 2012 for benchmark indexes as Caterpillar Inc. led industrial shares higher after better-than-estimated results while technology and shares led declines.