August 29, 2009

Money markets are investment vehicles, not bank savings accounts, which means (shudder) investors may sometimes lose money.

Movie stars once swam at the Davies mansion in Santa Monica, Calif., and now the public can, too. But make a reservation.

A crash, a retreat and now, despite personal demons, another try for Josh Harris.

The pessimism of the investors, 71 percent of those with stakes in the two Cerberus Partners funds, is another black eye for the firm.

Mobile coupons — usually text messages with discount codes sent to a cellphone — are becoming the blue-light specials for the digital age.