NEW YORK (AP) — Total money market mutual fund assets fell by $6.22 billion to $2.827 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $470 million in the latest week to $966 billion. Assets of taxable money market funds [ Read More → ]

WASHINGTON - The Securities and Exchange Commission on Wednesday approved changes that make it easier for shareholders to nominate directors of public companies. The 3-2 vote allows groups that own at least 3 percent of a company’s stock to put their nominees for board seats on the annual proxy ballot sent [ Read More → ]

The New Zealand economy feels a lot like a ‘Zombie Nation’ that wants to keep extending the loans and pretending that eventually everything will eventually go back to normal. Parts of our financial system and many property owners have been in a zombie-like state for much of the last two years, [ Read More → ]

Both those who took out loans before 1998 and those whose loans date from after that period will now pay interest on their balances, after a period where those with older loans were effectively paid to keep hold of them, and those with newer loans paid zero interest. The Student Loans Company confirmed that [ Read More → ]

Back in 2008, a South Florida financial executive found himself firing each of the 70 employees reporting to him. Then, he, too, became a casualty of the crumbling economy. The executive asked for some anonymity in exchange for his honest account of what followed. Sweating through an unfriendly job market, he [ Read More → ]

A California woman deep in credit card debt turned to a debt-settlement company that immediately began deducting money from her bank account for its promised services. After three months, the woman started getting calls from her creditors and learned they had never heard from the company. She asked for her money [ Read More → ]

Viaduct Capital’s receivers say security sharing deeds (SSDs) on some of the company’s loans, which have bumped them down the repayment pecking order, and the demise of Mutual Finance which was the recipient of some of these SSDs, are likely to reduce the amount of money they can recover. The Auckland-based [ Read More → ]

Allied Nationwide Finance’s efforts to satisfy its trustee, over what the trustee deems to be a breach of the finance company’s Trust Deed, are going to the wire with no announcement likely today. Bryan Connor, general manager for corporate trusts at trustee Guardian Trust, said not to expect an announcement on [ Read More → ]

A year ago, Stephen Udden was laid off, a victim of outsourcing when the telecommunications company where he worked as a software engineer project manager moved operations overseas, and his office in the United States was shuttered. The Foxborough resident has since been updating his skills. He has received business strategy [ Read More → ]

NEW YORK (AP) — Total money market mutual fund assets rose by $3.53 billion to $2.822 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $5.88 billion in the latest week to $971.44 billion. Assets of taxable money market funds [ Read More → ]