Falling oil prices and a recovering stock market have halted the precipitous drop in consumer confidence prevalent throughout 2008, according to new data.
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.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
The pending-home-sales index rose 5.3% in June, after hitting a six-year low in May, according the National Association of Realtors.
Twelve finalists for the second annual Community Leadership Awards have been named.
The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Janus Capital Management LLC will begin sending out checks to investors Aug. 15 as restitution from its 2004 market-timing settlement.
Products of some top fund companies included on Doug Fabian's roster.
