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Stock Market & Financial Investment News

News Breaks
May 13, 2013
19:32 EDTSCHWCharles Schwab founder sells 1.5M shares, Barron's says
Charles Schwab sold 1.5M shares of the company that bears his name for total proceeds of more than $25M, reports Barron's Inside Scoop. The report says this sale brings Schwab's direct holdings to 1.38M shares, or less than 1% of the company, though Schwab indirectly holds more than 163M Schwab shares through various entities. Reference Link
News For SCHW From The Last 14 Days
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July 23, 2014
07:45 EDTSCHWSEC to approve money fund rules with exemptions for discount brokers, WSJ says
New money-market mutual fund rules that are expected to be approved at a Securities and Exchange Commission meeting on Wednesday will exempt discount brokers like Charles Schwab (SCHW) from some provisions, reported The Wall Street Journal. Under the SEC's planned rules, "prime" money funds that are held by corporations and institutional investors will have to abandon a fixed $1-a-share price and float in value like other mutual funds, according to the report, citing people familiar with the matter. Analysts said Schwab and other large money-fund sponsors, Vanguard and Fidelity, would do well under the plan, according to the report. Blackstone (BX) also offers money-market mutual funds. Reference Link

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