Mutual Funds Seek to Avoid Fed Supervision as Systemically Important Firms - Bloomberg

Mutual funds pose little threat to the U.S. financial system and should remain beyond the reach of Federal Reserve oversight, the firms’s lobbying group said. […]

Reports: Wedge in as M’s manager

The Seattle Mariners reportedly have a new skipper: former Cleveland Indians manager Eric Wedge.
Several news sources, including The Seattle Times and SI.com, have reported that […]

Valspar completes Wattyl acquisition

The Valspar Corp. said Tuesday that it’s completed its acquisition of Australian paint manufacturer Wattyl.
Minneapolis-based Valspar (NYSE:VAL) previously announced in June that it would acquire […]

People on the move: July 2, 2010

Accounting
LarsonAllen LLP’s valuation and forensic practice added Jennifer Miller as a senior analyst and Eric Stephens and Randy Wolverton as contract-based staff members.
Aviation
Sabreliner Corp. promoted […]

China holds line on exchange rate, dashes hopes

SHANGHAI — The official exchange rate for China’s currency stood unchanged this morning, in line with the central bank’s warning that the value of […]

Global Web speeds outpace U.S.

Most Americans think their Internet connection is fast. But for those who have experienced broadband service overseas, surfing the Web in the U.S. can […]

Irving’s BankTec extends transaction, payment processing reach in Europe with acquisition

Irving-based BancTec Inc. has acquired the document- and payment-processing unit of a European competitor, boosting the transaction processing and technology services company's reach in Germany, […]

Salary cap would cut In-home workers’ pay by $1.2B

Gov. Arnold Schwarzenegger’s proposal to cap the state’s share of wages and benefits for In-Home Supportive Services workers at $8.60 per hour in fiscal 2101-2011 […]

Braun’s 3rd Ward restaurant to open Monday

The 3rd Ward restaurant operated by a group including Milwaukee Brewers' slugger Ryan Braun will open for dinner Monday, just in time for the post-opening […]

Buffett Says Housing Woes to Ease Next Year, Barring Explosions

Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for […]