Invesco Ltd., owner of the Invesco, Van Kampen and PowerShares funds, said third-quarter profit rose 7.9 percent as last year’s purchase of Morgan Stanley’s mutual- funds business helped offset the impact of market losses.
Chemical, metal and agricultural companies around the world have fallen to valuations whose only precedent came in the last recession.
Los Angeles touted landing the North American headquarters of Chinese carmaker BYD Co. as a win that would generate jobs for the second-biggest U.S. city and make it a center for the growing market for electric autos.
The U.S. Labor Department issued a rule today to expand access to personalized investment advice for workers in retirement savings plans, Assistant Secretary of Labor Phyllis Borzi said.
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