A long-standing criticism of 401k plans may soon be addressed by Congress. Following a 29-to-17 vote in the US House Education and Labor Committee, legislation requiring itemization and clear description of fees charged in connection with 401k plans will now go to the full House for a vote. Read More

The Linn Energy story is based on stable cash flow supported by the long-life nature of its reserves and its aggressive three-year hedging program. Production rates are predictable, and much of it is already contracted for sale. Read More

The three major US stock indexes closed still in the deep end finishing with mixed results. Read More

The three major US stock indexes ended with lows in the red. Read More

A weak US recovery will likely begin late in the third quarter or early in the fourth quarter, but there will continue to be volatility in economic releases. I’m looking for the market to sell off as a short-term response to conflicting data, setting us up for a year-end run-up to new 2009 highs as the recovery takes hold late this year. Read More

The three major US stock indexes began with lows but slowly climbed backup, ending the session with mixed results. Read More

The three major US stock indexes ended on the downside. Unemployment rose to to 9.5 percent, the highest since August 1983. Read More

The three major US stock indexes ended the session in the green. Read More

The three major US stock indexes ended with declines as consumer confidence slid. Read More

This morning Growth Portfolio member Enterprise Products Partners (NYSE: EPD) announced that it struck a deal to acquire fellow MLP TEPPCO (NYSE: TPP) in a $3.3 billion all-stock deal. TEPPCO shareholders will receive 1.24 Enterprise units for every unit of TEPPCO held, a premium of about 9 percent based on Friday’s closing price. Read More