UBS AG has agreed to buy back $19.4 billion in auction rate securities on which the value collapsed in February.
Oil prices tumbled this morning on news of a stronger dollar, despite fears over a supply shortage after the threat of a terrorist attack.
The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.
Dictation software frees advisers from the mouse. The MMI and Peridrome predict savings to the managed accounts industry.
Second quarter data was not as strong as the 2.5% rate that had been predicted by economists polled by Thomson Reuters.
In an arbitration case allegedly involving stolen stock, Wachovia Securities was ordered to pay clients $5.3 million in damages.
Indexes apply environmental, social and governance performance factors to a U.S. fixed-income asset class.
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.
