Global infrastructure investments could represent an opportunity at this stage of the stock market rally, according to Tim Knepp, chief investment officer of Genworth Financial Asset Management Inc., which has $7 billion under management. “If you’re stepping into equities now, infrastructure at the global level makes sense because it’s an area that tends to have relatively stable cash flow, and also has some inflation protection,” he said. Mr.


 
 Morgan Stanley Smith Barney is broadening its network of advisers who serve ultrahigh-net-worth clients — an area in which the brokerage has experienced some recent success. Morgan Stanley Smith Barney officials revealed today that it’s launching a concentrated effort, Morgan Stanley Private Wealth Management, to focus on this demographic. This unit will comprise some 500 wealth advisers from both the legacy Morgan Stanley private-wealth business and the Citi Family Office

Channeling his inner Russian emperor, Pay Czar Kenneth Feinberg’s compensation edict shook top executives at some of the nation’s biggest banks. The Special Master will cut the cash component of salaries for the top 25 earners at the companies he oversees– AIG, Bank of America, Citigroup, Chrysler, Chrysler Financial, GM and GMAC . How big a deal is this


 
 Stocks zigzagged Thursday as investors sorted through a disappointing reading on the job market and a pile of uneven earnings reports. The modest moves came after a late-day slide pushed major indexes lower on Wednesday. Lingering concerns over whether investors had been too optimistic about an economic rebound fed into the drop.

Despite the lackluster economy, some lobbyists expect decades’ worth of job security thanks to this year’s health care reform haul , reports The Hill. “Every bill we’ve passed in the last 10 years we call ‘The Lobbyist Full-Employment Act,’” one lobbyist quipped. “Healthcare’s never going away”…

Over the years, there’s been plenty of shaming big employers — picketing, signs with attack slogans, marching in the streets. But the game of us-against-them doesn’t work. In order to transform the workplace to better reflect today’s workforce, we need to think about how to make working women and their families happy.

You knew this was coming. The Obama administration had to come down hard on the companies that received the most obvious bailouts — Bank of America Corp., American International Group (AIG), Citigroup, General Motors, GMAC, Chrysler and Chrysler Financial. They had to do something to show they were not Wall Street patsies.