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Michael Mcdonald

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FIDELITY INVESTMENTS introduced five new low-cost index mutual funds, a move signaling an escalation of a price war with Vanguard Group. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity steps up Vanguard fee war with low-cost index funds

BOSTON – Fidelity Investments is stepping up its rivalry with Vanguard Group by launching five new index mutual funds with expense ratios it says...
THE MASSACHUSETTS Secretary of the Commonwealth said its securities division sent a letter to Fidelity requesting information about fees it charges some mutual funds for using its platform to access retirement plan customers./ BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity faces state inquiry over fees charged for 401(k) plans

NEW YORK - Fidelity Investments Inc. is facing more scrutiny over fees it charges some mutual funds for using its platform to access retirement...

MIT rejects demands to divest fossil-fuel stocks, joining Yale

BOSTON - The Massachusetts Institute of Technology rejected demands from a student-led group to divest its $13.5 billion endowment of fossil-fuel investments, joining universities...
HARVARD UNIVERSITY is the wealthiest university in the country, according to a report from Moody's Investors Service. The university had $42.8 billion as of June. / COURTESY MOODY'S INVESTORS SERVICE

Harvard is even richer than you think as college divide grows

The rich are getting richer in U.S. higher education, a new report shows.The assets of the 40 wealthiest institutions, led by Harvard University, have...
BROWN UNIVERSITY posted a 16.1 percent gain on its endowment investments in the year that ended June 30, according to information from the university.

Brown reports 16.1% investment gain in year that ended June 30

BOSTON - Brown University posted a 16.1 percent gain on its endowment investments in the year that ended June 30. The endowment’s value rose to...

Stanford coal divestiture encourages Brown student group

Stanford University’s decision this week to end investments in coal companies may bolster student-led campaigns to stop climate change that have spread to hundreds...
FORMER RED SOX PITCHER Curt Schilling's failed video game company 38 Studios LLC has led to claims of a $75 million fraud.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

Bloomberg analyzes 38 Studios lawsuit

BOSTON - Curt Schilling, the former baseball All-Star, struck up a conversation at a March 2010 fundraiser that would sow the seeds of financial...
THE FINANCIAL and political support from state officials shown to Central Falls is unique among the municipal bankruptcies seen this year across the U.S. from Alabama to California. / COURTESY THE BLACKSTONE VALLEY TOURISM COUNCIL

R.I. setting standard for bondholders’ love

BOSTON - Central Falls, the first city in Rhode Island’s 222-year history to go bankrupt, is preparing to exit court protection after 13 months...

Raimondo pension lawsuit seen risking bankruptcies

NEW YORK - Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out...

Schilling-bond refunding hastened by lowest yields

NEW YORK - The lowest municipal yields in a generation may help Rhode Island cut the cost of repaying $75 million it borrowed to...
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