The problems at GE are all about hubris and hurt feelings.
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.
This week's go-private move by Sonic Corp. extends a run of restaurant deals that probably isn't over.
If Sirius XM can catch a bid here, investors could be looking at a solid buying opportunity. Otherwise, look out below.
The media giant's dip on its successful bid to buy a big chunk of Britain's Sky television isn't likely to trigger a protracted decline in its stock.
Sirius has agreed to buy Pandora for $3.5 billion.
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.
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