A federal judge has thrown out a subcontractor's claims that four major cellphone companies knew full bonding was not in place for a project to provide wireless service in Washington, D.C., subway tunnels. The subcontractor says it was not paid for more than $1 million worth of work on the project.
Canadian lawyers are increasingly working on US public-private partnerships because they have more experience with such arrangements. The partnerships are still a rarity in the US, but opportunity is growing, observers say.
Two professors at the Wharton School of Business studied the effects of cutting the number of investment choices in retirement plans in half. They found that participants soon started making wiser investment decisions.
Retirement once meant a gold watch and a lot of time off. "New workforce realities, demographic shifts and changes in retirement financing stand to fundamentally transform how we will experience later life -- in ways that are both positive and negative," writes Kelley Holland.
The extra funding for the Securities and Exchange Commission included in President Barack Obama's proposed fiscal 2017 budget would make it possible for the SEC to add 102 examiners to review the conduct of investment advisors and investment firms. The extra manpower would help the regulator move toward its goal of examining advisory firms more frequently.
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