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From Pensions & Investments | A U.S. District Court judge in Chicago dismissed a Northern Trust counterclaim against BP Corp. North America alleging ERISA violations. BP’s savings and retirements plans’ suit against Northern Trust over investment losses is proceeding.
Read the full story: pionline.com
By Mary Ellen Podmolik | Morningstar
Inc., announced its acquisition of the Footnoted business of Financial
Fineprint Inc., including the Web site Footnoted.org and the Footnoted
Pro service. Terms of the deal between Morningstar and the privately
held company were not disclosed.
By Gail MarksJarvis | In what appears to be the beginning of a price war that will help small investors, Fidelity Investments has followed Charles Schwab’s lead and has slashed the cost of buying stocks and exchange traded funds.
Fidelity has set a $7.95 commission on trades, even for small investors who rarely buy or sell anything. Further, the firm is offering 25 iShares exchange traded funds free of any commission. The free ETF program covers the key indexes that allow individuals to assemble a diversified portfolio ranging from large and small U.S. stocks to international stocks.
Read more: MarksJarvis on Money
Tribune staff report | Investment research provider Morningstar Inc. said today it has approinted Hugh Zentmyer, 63 to serve on its board of directors. Zentmyer was an executive vice president of the food equipment segment at Illinois Tool Works before his retirement in January.
