Fidelity National Information Services is acquiring Metavante Technologies in an all-stock deal valued at about $2.94 billion.

Fidelity Investments’ profit fell 18 percent last year compared with 2007, as the nation’s largest mutual fund company saw fund performance decline.

Fidelity Investments will eliminate 1,700 jobs early next year in a second round of cuts at the nation’s largest mutual fund company.

Fidelity Investments is cutting nearly 1,300 jobs this month and the mutual fund company says more layoffs are coming early next year.

Fidelity Investments will buy back $300 million worth of auction-rate securities from its customers to settle an investigation, New York Attorney General Andrew Cuomo’s office says.

Fidelity Investments is close to settling an investigation led by New York Attorney General Andrew Cuomo into the company’s sales of auction-rate securities, according to a person close to the talks.

The New York attorney general’s office said Wednesday it is investigating whether brokers at Fidelity Investments were given incentives by Goldman Sachs Group Inc. to sell auction-rate securities to investors.

Massachusetts’ top securities regulator is asking Fidelity Investments to buy back auction rate securities it sold to customers.

Even millionaires are feeling the economic squeeze, with many saying they don’t even “feel” wealthy. But as a group, they are optimistic that things will improve in the next year.The Fidelity Millionaire Outlook, a survey of 1,000 people with at least...

Federal regulators on Wednesday fined Fidelity Investments $8 million and brought civil charges against former star money manager Peter Lynch and 12 others for receiving improper gifts from outside brokers vying to win Fidelity’s lucrative trading...