Sen. Christopher J. Dodd, D-Conn., will stay as chairman of the Senate Banking, Housing and Urban Affairs Committee to lead the effort for financial regulatory reform, declining to seek the chairmanship of the Health, Education, Labor and Pensions Committee and succeed Sen. Edward M. Kennedy, who died Aug. 25, according to a statement by Mr. Dodd this afternoon.
Sen. Edward M. Kennedy, D-Mass., who died of brain cancer Tuesday night, played a leading role in shaping U.S. pension policy, including the Pension Protection Act of 2006, the largest single reform of the U.S. pension system since the Employee Retirement Income Security Act of 1974.
Peter L. Bernstein, an economic consultant who sought to bring ideas of modern investment management from academia to the practitioner, died Friday in New York.
General Motors Corp.’s bankruptcy filing today listed State Street Bank & Trust as the company’s largest stockholder, with 17% of the stock.
