Advisers Latest

Making connections is as important as ever, though the process is changing considerably.

Wall Street banks collected $215.6 million that Denver’s public schools paid to unwind swaps and sell bonds since the district began borrowing to cut pension costs in 2008. That sum is about two-thirds of annual teaching expenses.

Detroit may run out of cash next month and must cut costs such as long-term debt and retiree obligations, according to emergency financial manager Kevyn Orr’s preliminary plan to improve services and keep Michigan’s largest city out of bankruptcy.

Merck & Co., Bristol-Myers Squibb Co. and Roche Holding AG have opened a new front against cancer with the next generation of experimental drugs that use the human immune system to seek and destroy tumor cells.

President Barack Obama’s health secretary has called companies and other organizations, seeking financial contributions to help promote the 2010 health care law that takes full effect next year.

An asset increase of $23 billion is not enough to offset a $60 billion increase in liabilities as interest rates fall below 4.0%, raising the funded status deficit to $321 billion

A test from Genomic Health Inc. helps predict whether prostate cancer is aggressive or slow- growing and is available now.

Employers Council on Flexible Compensation, Mercer, Transamerica and more announce personnel moves. Check to see if a colleague is mentioned today.

A real opportunity for advisers lies in the ambitions of Gen X and Gen Y Americans, who aren’t planning on postponing retirement — yet.

U.S. hospitals charge prices that, at times, can be thousands of dollars different for the same medical procedures, even within towns or states, according to federal data released today.