By Jessica Toonkel and David Randall NEW YORK (Reuters) - Long before the phrase "robo-adviser" existed, Sunnyvale, California-based Financial Engines was cornering the untapped 401(k) plan market with computer simulations to help people save for retirement. With the first wave of baby boomers now retiring, the company is reaching a critical moment: Its core customers, who have been accessing its advice through company 401(k) plans, will soon be off on their own. To hang onto those investors - and find others - Financial Engines is planning to go up against other so-called "robo-advisers," companies that use software programs to provide financial advice, and offer advice outside the 401(k) market.
By Elizabeth Dilts NEW YORK (Reuters) - Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. This summer, though, his plan is to make it easier for older brokers to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months.
SAN FRANCISCO (AP) — The president of Pacific Gas & Electric Company is retiring at the end of the year.
CLEVELAND (AP) — LeBron James knew what he left behind when he bolted to Miami five years ago.
NEW YORK (AP) — Lawyers for two chimpanzees are heading to court to argue that the animals have "personhood" rights and should be freed from the Long Island university where they are kept.
TAMPA, Fla. (AP) — Lightning goalie Ben Bishop admitted that he really doesn't want to watch the tape of Game 6 of the Eastern Conference finals.
LeBron James advanced to his fifth-straight NBA finals, leading the Cleveland Cavaliers to a 118-88 rout of the Atlanta Hawks and a sweep of the Eastern Conference finals. Once again James carried the Cavs on his back, finishing on Tuesday with 23 points, nine rebounds and seven assists and then sitting on the bench and playing cheerleader for much of the final quarter of Tuesday's contest. "We worked our tails off all season to get to this point," James said.
TAMPA, Fla. (AP) — Henrik Lundqvist had lots of help in another season-saving performance for the New York Rangers.
NEW YORK (AP) — Embattled general manager Ruben Amaro Jr. apologized Tuesday to Philadelphia Phillies fans for saying they "don't understand the game" and the "process" that goes into constructing a team.
NEW YORK (AP) — The John D. and Catherine T. MacArthur Foundation is giving 20 jails of all sizes $150,000 each to come up with ways to reduce the number of people unnecessarily behind bars.
Six top soccer officials were arrested and detained pending extradition to the U.S.
HOUSTON (AP) — Floodwaters deepened across much of Texas on Tuesday as storms dumped almost a foot more of rain on the Houston area, stranding hundreds of motorists and inundating the famously congested highways that serve the nation's fourth-largest city.
The 73-year-old former Burlington mayor and independent senator is beloved by Vermonters.
By Kristen Hays and Amanda Orr HOUSTON (Reuters) - Torrential rains have killed at least 17 people in Texas and Oklahoma, including four in Houston where floods turned streets into rivers and led to about 1,000 calls for help in the fourth-most populous U.S. city, officials said on Tuesday. The death toll is set to rise with numerous people still missing in Texas after the storms slammed the states during the Memorial Day weekend, causing record floods that destroyed hundreds of homes, swept away bridges, and even unearthed a coffin from a Houston cemetery. "A lot of folks drove their car into high water and had to abandon those vehicles," Houston Mayor Annise Parker said at a news conference.
(Reuters) - Tax return information for about 100,000 U.S. taxpayers was illegally accessed by cyber criminals over the past four months, U.S. IRS Commissioner John Koskinen said on Tuesday, the latest in a series of data thefts that have alarmed American consumers. From February to May, attackers sought to gain access to personal tax information 200,000 times through the agency's "Get Transcript" online application, which calls up information from previous returns, he told a news conference. The breach did not affect any IRS data outside the "Get Transcript" application, and the agency said it would strengthen its security measures.
By Keith Coffman CENTENNIAL, Colo., (Reuters) - Colorado cinema gunman James Holmes wrote in a notebook he sent to his psychiatrist prior to opening fire in a suburban theater that he had harbored an "obsession to kill" since childhood, a police officer testified at his murder trial on Tuesday. Holmes mailed a package to the psychiatrist that included the notebook a day before he opened fire inside a cinema in the Denver suburb of Aurora during a screening of the Batman film "The Dark Knight Rises." Prosecutors have said they will seek the death penalty for Holmes if he is convicted of killing 12 moviegoers and wounding 70 others in the July 2012 rampage. Aurora Police Sergeant Matthew Fyles read aloud excerpts from the 29-page notebook, in which Holmes allegedly wrote: "The obsession to kill since I was a kid, with age became more realistic." Fyles said that Holmes wrote in another entry that he had thought about multiple ways to kill, including with nuclear weapons and biological warfare.
NEW ORLEANS (AP) — President Barack Obama's plan to shield as many as 5 million immigrants living in the U.S. from deportation remained on hold Tuesday after a federal appeals court panel refused to allow it to take effect immediately.
Every president since Theodore Roosevelt has had a dog in the White House, and almost certainly the next one will, too —unless it’s Bernie Sanders.
WASHINGTON (AP) — Cleveland officials and the U.S. Justice Department on Tuesday announced their settlement over a pattern of excessive force and civil rights violations by the city's police department.
Gen. Martin Dempsey admits in a new documentary that the Pentagon did no contingency planning for the Islamic State advance.