Fidelity Investments has fired about 200 employees who were accused of abusing company benefits, according to a person familiar with the matter. Fidelity had a program which reimbursed workers for 20 percent of the purchase of computer equipment up to $10,000. An audit found that some
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The Buffett party. Many kinds of investing success are mean-reverting. You buy some stuff, it goes up, you sell it at a profit, you feel like a genius, and now you have to do it all over again. It is not so easy to do it over again. Other kinds of investing success, though, are self-reinforcing. You short a company
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Pennsylvania-based chips and snack food maker Utz is recalling some of its tortilla chips because they may contain milk. Utz Quality Foods announced the voluntary recall Thursday of some of its Golden Flake, Good Health, Utz and Weis brand tortilla …
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(Barron's); The Free Trips Your Financial Adviser Takes Could Cost You (MoneyBeat); Some Active Managers Smile at the Index-Fund Robots (Wall Street Journal) but see A Small College's Endowment Manager Beat Harvard With Index Funds (Bloomberg); “Safety,” yes; “sorry,” no: What Mark
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Warren Buffett boosting his stake in Apple Inc. has pundits predicting it is poised to hit $1 trillion in market value. But the iPhone maker isn't the first to tread that lofty path. PetroChina Co. crossed the milestone back in November 2007, when its mainland shares almost tripled in value in their Shanghai
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