The national manufacturing sector grew in June for the first time since January, according to the Institute for Supply Management.
The deal makes Hartford-based ING Wealth Management the third largest defined contribution business in the country.
The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
“In a soccer match of 90 minutes, we think we are in the 80th minute of decline of the dollar, said Morgan Stanley's David Darst.
The Baltimore-based firm will contribute $240 million to bail out three money market funds of one of its subsidiaries.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
Hedge fund performance replication has come to the mutual fund industry in the form of the IQ Alpha Hedge Strategy Fund.
Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.
Billionaire money manager Jeffrey Epstein was sentenced to 18 months in jail for soliciting prostitution.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
