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Ameriprise unit must pay retired pilots

An Ameriprise Financial subsidiary must pay as much as $9.3 million to three retired American Airlines pilots who claimed a broker squandered their retirement savings on mutual funds with high fees and trading costs, an NASD arbitration panel said. Ameriprise’s ...

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Nation Briefs

Time Warner settles lawsuit over AOL-Homestore deals Time Warner, the world’s largest media company, agreed to settle a shareholder lawsuit against its America Online unit over so-called round-trip transactions with Homestore. Terms will be disclosed later, Keith Cocozza, a spokesman ...

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