The Markets

Putnam to Enter Hedge Fund Business

Mutual fund company Putnam Investments plans to offer hedge fund portfolios in the next six to 12 months, its chief executive officer said on Friday, according to Reuters.

GM Removed from S&P 500

General Motors Corp. will be removed from the S&P 500 index after the close of trading today, Standard and Poor’s announced.

Citi, GM Lose Spots on Dow

Two mainstays of American business upended by the economic downturn are now losing their coveted spot in the Dow Jones Industrial Average, according to a Dow Jones&Company announcement.

IMHO: Clock Work?

In recent weeks, those favoring a government solution to the issue of retirement security/savings have championed the soundness of Social Security.

Vanguard Cuts Nevada 529 Plan Expenses

The Vanguard Group has announced expense reductions, effective June 1, 2009, across the entire lineup of investment options in The Vanguard 529 College Savings Plan, sponsored by the...