Legal

Critics say President Obamas proposed changes to the rules on retirement plans could hurt small-business owners and their employees.

There will be no more bailouts of financial institutions, a top official of the Obama administration said in what appears to be an attempt to pre-empt Republicans efforts to water down the Dodd-Frank Act.

The retirement fund for Iowa state employees will get a share of a $500 million proposed settlement in a lawsuit against Countrywide Financial Corp. and other companies that bundled securities backed by defective home mortgages.

Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between $21 and $24 each.

The U.S. Supreme Court on Tuesday decided 5-4 that a federal court can use equitable law principles when a group health plan contract governed by the Employee Retirement Income Security Act (ERISA) is silent about a legal issue.

The industry is shifting its focus to anticipate and capture new opportunities triggered by the rule.