Market News

Why some mutual-fund managers buy shares in firms controlled by founders.

Winners' Circle: Mutual funds managed by Bill Miller and Bruce Berkowitz finished first and second, respectively, in our ranking of 2012 U.S.-stock fund performance.

Quarterly Monitor: U.S.- and international-stock funds generally posted double-digit gains for 2012. But investors continued to pull money out of U.S.-stock portfolios.

Mixing It Up: Financial adviser Dan Gaugler puts his clients into cheaper mutual-fund alternatives that use similar strategies.

WM Morrison and J Sainsbury are poised to emerge as the losers from the vital Christmas battle between Britain's supermarkets as the fragile economy maintains the pressure on retailers.

Smaller market merger and acquisition activity is picking up as entrepreneurs seek a pay day.