Janet Yellen has defended the Federal Reserve's quantitative easing programme in her first appearance before Congress.
The top ten US CEOs have earned over $100m each for the first time, with two CEOs earning more than $1bn over the course of 2012, according to a survey by GMI Ratings.
Jupiter has hired Robert Siddles from F&C to run US small cap portfolios at the group, with the manager bringing across his £150m US Small Cap trust.
The board of the £150m F&C US Smaller Companies trust has said it will serve notice on F&C after manager Robert Siddles quit the group.
Janet Yellen's appointment as chairman of the US Federal Reserve could see tapering of quantitative easing (QE) as early as December, experts say.
There were signs of tentative progress on the US fiscal deadlock yesterday as President Obama indicated he would accept a short-term increase in the nation's borrowing authority to avert a default.