Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.
Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.
The Hennessee Hedge Fund Index slipped 1.95% last month and was down 3.23% for the year-to-date.
The pending-home-sales index rose 5.3% in June, after hitting a six-year low in May, according the National Association of Realtors.
After posting an 11.25% drop in June, real estate investment trusts rebounded in July, rising 2.8% for the month, NAREIT and FTSE Group reported today.
Janus Capital Management LLC will begin sending out checks to investors Aug. 15 as restitution from its 2004 market-timing settlement.
The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.
Products of some top fund companies included on Doug Fabian's roster.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
