Let's put it this way: Elon is throwing a victory party in Bel Air tonight. (Opinion)
A decade ago, amid an economic boom in "emerging markets" like Brazil, Russia, India and China, the Teacher Retirement System of Texas decided to plow nearly 10% of all savings into stocks from the countries. Now, the teachers are reeling from the mistake, with subpar returns and outsize risks that could have been easily avoided had the fund just stuck with large U.S. stocks.
Hester Peirce, a Republican member of the U.S. Securities and Exchange Commission, criticized a bill passed by the heavily Democratic California Legislature requiring public companies based in the state to have at least one woman on their boards by 2019.
Sirius has agreed to buy Pandora for $3.5 billion.
Derrick Johnson talks to TheStreet about diversity across corporate America.
Institutional Shareholder Services, the big advisory firm, is considering a new policy of recommending "no" votes against certain directors on companies without a single woman on their boards.
The Lehman Brothers collapse will go down as one of the biggest financial failures in history - but how did it start, and what has the economy learned since then?
Citigroup Inc. said investment-banking chief Ray McGuire would move to a different role as part of a reorganization that aims to more seamlessly integrate the company's stock- and bond-underwriting business. Citigroup will combine its corporate and investment-banking group with its capital-markets origination business to create a new Banking, Capital Markets and Advisory division, according to a memo.
Investors don't know how to price in the impact of the Senate Intelligence Committee hearings on tech stocks.