Bonds are a better option than cash and less volatile than stocks, but investors should be mindful of headwinds and possibly rethink their fixed-income allocations, says Morningstar's Christine Benz.
Morningstar's Christine Benz discusses current pockets of opportunity with director of ETF research Scott Burns, dividend strategist Josh Peters, and associate director of fixed-income fund analysis Miriam Sjoblom.
Morgan Stanley gave Chairman and Chief Executive Officer James Gorman a compensation package for 2012 that's 30% less than his 2011 award, excluding a new incentive package, a person familiar with the decision said.
Morgan Stanley, the top global equity underwriter last year, reported profit that beat analysts' estimates as brokerage earnings more than doubled and margins from that unit surpassed the firm's goal for this year.