Funds News
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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.
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Chemical, metal and agricultural companies around the world have fallen to valuations whose only precedent came in the last recession.
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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.
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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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