Investors need more study with target-date funds

Forget about resting easy.
Target-date funds, billed as confidence-building vehicles that gradually shift your holdings into more conservative fixed-rate instruments as their date […]

Abitibi sale of Quebec hydro asset finalized

MONTREAL–Insolvent forestry company AbitibiBowater has finalized a deal to sell its Manicouagan power plant for $615 million to a newly created joint venture formed […]

U.S. FHA says won’t need congressional support

The head of the U.S. Federal Housing Administration said on Friday the agency would not need a congressional subsidy even if its capital reserve […]

Global recession ending: OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely […]

Mortgage bankers group urges Fannie, Freddie changes

The U.S. Mortgage Bankers Association said on Wednesday it will ask Congress to transform mortgage lenders Fannie Mae, Freddie Mac into several smaller, privately […]

Nokia Siemens CEO resigns, Services head steps in

The chief executive of Nokia Siemens Networks NSN.UL has resigned and will be replaced by Rajeev Suri, head of the telecom equipment maker’s key […]