Innovation in investing is a focus for many firms on Wall Street.
Will Kinlaw, Head of Research & Advisory at State Street Global Exchange, was with us to explain the company's investable indices that they just launched for institutional investors.
State Street is embracing a new investment model, rolling out investable indices. The company announced it had developed and begun licensing rules-based investment strategies for institutional investors.
Kinlaw has stressed that "this is not smart beta or thematic investing." Instead, the firm is focused on an active strategy in rules-driven index.
Canadian pipeline operator Enbridge is planning to purchase three gas distribution companies from Dominion Energy for $9.4 billion in cash and assume $4.6 billion in debt.
United Airlines said Tuesday it repaired a technology glitch that had forced it to halt departures nationwide, briefly crippling one of the nation's biggest carriers on a busy travel day.
The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
