Asset managers and brokers—both their companies and their stocks—typically do well when the markets are riding high and run into trouble when they slump. That's why performance of the Dow Jones U.S. Asset Managers Index closely tracks that of the Standard & Poor's 500-stock index.

In a chat with readers on July 1, home loan expert Harsh Roongta said readers must go for a home loan now if they are planning to buy their dream homes.

I just spoke with Hans Vestburg, who will become Ericsson's new president and CEO come Jan. 1, 2010. Vestburg, who currently serves as Ericsson's CFO, replaces Carl-Henric Svanberg, who has accepted the position of chairman of BP, Ericsson announced this morning.

Federal Reserve Chairman Ben Bernanke told a House committee that while he warned Bank of America ( BAC ) CEO Ken Lewis against pulling out of the acquisition of Merrill Lynch late in 2008, he didn't threaten punitive action it the bank's management tried to back out of the deal.

In an interview with CBS news host Katie Couric former British Prime Minister Tony Blair said the change that's happening in Iran is "fundamental". Here is the full transcript.