UPDATE: Stock futures rise; S&P 500 eyes 6th up week
UPDATE: Why diversification isn't working
UPDATE: Nordstrom, FedEx, Kimberly are stocks to watch
Plus, Missouri drops 529 fees, Transamerica shuffles subadvisors, and more.
State Street Corp ., the third- largest custody bank, said second-quarter profit climbed 16 percent as rising global equity markets lifted the value of the assets it oversees.
T. Rowe Price seeks permission to create actively managed ETFs that are not transparent, a corporate-bond manager leaves PIMCO, and new managers are named to Oppenheimer Moderate and Ivy Global Natural Resources.
State Street Corporation's Chief Financial Officer Edward Resch, 60 is leaving his post in 2013, after more than a decade in the role.
Poor investment performance and rising interest rates have exposed weaknesses in several asset managers.