Senator blasts muni-bond regulator

Sen. John Kennedy, Republican of Louisiana Sen. John Kennedy, a Republican of Louisiana, on Tuesday slammed the self-regulatory body that oversees the $3.8 trillion muni-market “an incestuous…little club” that needs to be overhauled. Kennedy called for reform of the Municipal Securities Rulemaking Board during comments at a Senate Banking confirmation hearing for Elad Roisman to be a member of the […]

Dow ends up nearly 200 points on strong earnings

The S&P 500 and the Dow closed higher Tuesday as corporate earnings continued to surprise on the upside. Among high-profile companies that reported this week, Google Inc. stole the spotlight by turning in second-quarter results that were significantly ahead of expectations, antitrust fine notwithstanding. The S&P 500 rose 13 points, or 0.5%, to 2,820 while the Dow Jones Industrial Average […]

Lululemon names Calvin McDonald as CEO

Lululemon Athletica Inc. said late Tuesday that the board of directors has appointed Calvin McDonald as chief executive. Shares ticked up less than 0.1% during after hours trading. McDonald has served as Sephora Americas CEO for the past five years, and prior to that served as president and CEO of Sears Canada. McDonald will be appointed to the board and […]