Bloomberg

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RIA NEWS AUG 14, 2008
Inflation soars to 17-year high

Over the past 12 months, the annual inflation rate has risen 5.6%, marking the largest increase since January 1991.

ALTERNATIVES AUG 14, 2008
Foreclosures up significantly in July

The number of homes receiving foreclosure notices surged to 272,171 in July, up 8% from June.

RIA NEWS AUG 14, 2008
UBS wealth head allowed to leave United States

Martin Liechti has returned to Switzerland more than three months after he was detained material-witness warrant.

WOMEN ADVISOR COMMUNITY AUG 14, 2008
Women prevail in Smith Barney suit

A federal judge has approved Citigroup Inc.'s $33 million class action settlement with female brokers.

RIA NEWS AUG 14, 2008
New Hampshire hits UBS with ARS charge

The firm is accused of misleading an issuer of student loans in that state by urging it to buy auction rate securities.

RIA NEWS AUG 14, 2008
Morgan Stanley, JPMorgan settle ARS cases

The firms will buy back a total of about $7 billion of auction rate securities from retail investors.

RIA NEWS AUG 13, 2008
U.S. trade gap narrows

In an unexpected move, the nation's trade imbalance in June fell to $56.8 billion, a 4.1% decline.

LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Conseco to turn LTC unit into indie trust

Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.

LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Alabama insurance commish to step down

Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.

RIA NEWS AUG 13, 2008
Ameriprise to buy H&R's advisory unit

H&R Block's more than 900 brokers and advisers will be added to Ameriprise's employee platform.