Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Chicago-based Morningstar Inc. is opening its investment research database for free remote access by Chicago Public Library members.
Remote access means users can log into the Morningstar Investment Research Center from any computer using their Chicago Public Library credentials and do not need to create accounts at morningstar.com. Get the full story »
Morningstar Inc., a leading fund and investment research firm, switched accounting firms, according to a securities filing on Monday.
Chicago-based Morningstar said it dismissed Ernst & Young LLP and hired KPMG LLP effective on Feb. 28, 2011. Get the full story »
Chicago-based mutual fund and stock research company Morningstar Inc. announced Monday that its chief operating officer, Tao Huang, will leave the firm at the end of January. Get the full story »
Three fresh faces took top mutual fund industry honors when research firm Morningstar Inc. Wednesday named stock pickers at Ruane, Cunniff and Goldfarb and Janus Capital Group as its top stock managers of 2010.
Robert Goldfarb and David Poppe, who run the $3.4 billion Sequoia Fund, were crowned as the year’s best domestic stock pickers for their long-term success in picking top companies, like Berkshire Hathaway, at reasonable prices. Get the full story »
Joe and Rika Mansueto at their home in Chicago on May 9, 2008. (Handout)
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz as well as Morningstar’s Joe Mansueto, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
A total of 57 billionaires now have joined The Giving Pledge, which was launched by Microsoft founder Gates and investor Buffett in June. The campaign announced the new pledges in a statement late Wednesday.
Gates, his wife Melinda, and Buffett have asked U.S. billionaires to give away at least half their wealth during their lifetime or after their death, and to publicly state their intention with a letter explaining their decision. Get the full story »
By Dawn Rhodes | The president of Morningstar Associates, a unit of Morningstar Inc., is leaving the company next month, according to company officials.
Patrick Reinkemeyer will step down Dec. 15 but will remain as a consultant until Dec. 15, 2011. Get the full story »
Chicago data-tracking firm Morningstar Inc. reported quarterly earnings below Wall Street estimates, hurt by higher expenses, and said it would pay a dividend for the first time.
Net income for the third quarter was $20.8 million, or 41 cents a share, compared with $22.5 million, or 45 cents a share a year earlier. Get the full story »
U.S. luxury homebuilder Toll Brothers Inc. beat Wall Street expectations and reported its first quarterly profit in three years Wednesday, sending its shares and those of other homebuilders higher. Get the full story »
Morningstar Inc. said on Wednesday that profit in the second quarter fell 12 percent on rising costs for compensation and other expenses.
Net income for the Chicago investment research company company fell to $18.0 million, or 36 cents per share, for the quarter, from $20.5 million, or 41 cents a share, for the same period a year earlier.
Revenue rose to $136.1 million, from $119.5 million for the year-earlier quarter, the company said. Revenue from acquisitions of $12.7 million helped drive the increase, along with more sales of software and data products. But total operating expenses also rose, including higher costs for salaries, sales and marketing. Get the full story »
Morningstar Inc. is unveiling new research tools designed to simplify the task of weeding out the plans that have gotten increasingly complex even as they become more popular for their tax breaks. Get the full story »
