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SEC gets staff recommendation to allow third-party exams

Securities and Exchange Commission Chairwoman Mary Jo White said Tuesday the agency has progressed in its consideration of a rule to allow third-party examinations of investment advisers. “The staff has completed their recommendation [to allow third-party exams]: a proposal which is now with my fellow commissioners,” Ms. White...
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Investment in technology key to CAMS growth: CEO

CAMS manages vast data for mutual funds, private equity, banks, NBFC, insurance companies and even brokerages. As mutual fund investments are long-term in nature, technology platforms business processes and controls are designed to protect the interest of investors. This includes special processes for managing dormant investor accounts, minor...
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Boeing, Lockheed Face Budget Battles Amid ISIS War

Raytheon and Lockheed Martin are two of of the biggest winners in the fight against the Islamic State as defense spending rises, but next year could still see budget pressure on some costly programs. The Air Force has dropped over 20,000 missiles and bombs in its fight against...
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Pandora Price Target Cut On Rising Royalties, Costs

Pandora Media (NYSE:P) stock fell Thursday after the leading online music company got a price target cut from Macquarie, which cited rising royalties and other costs for the Oakland, Calif-based company. Pandora stock fell 2% in the shortened session in the stock market today, under 14. Pandora stock...
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Under Armour and Nike’s Big Christmas Day Battle

Nike (NYSE:NKE) and Under Armour (NYSE:UA) are bound to be gift-wrapped under some Christmas trees on Friday morning as athletic wear continues to hold sway in the style world. But the two brands will also go head-to-head on the court on Christmas Day at 5 p.m. ET/2 p.m....
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Solar Outlook Cut Worries As SunEdison Zooms On Talks

Shares of solar energy system developer and installer SunEdison (NYSE:SUNE) jumped nearly 10% in Thursday’s shortened session after the company disclosed that it’s in talks for a substantial credit line as it powers ahead with an acquisition. But that rise overlooks lowered installations guidance for the fourth quarter,...
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