Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
Consumer spending increased in May as the stimulus-package rebate checks increased purchasing power and inflation forced them to pay more.
Asia will continue to be an attractive place to invest despite market losses of up to 40% this year, portfolio managers said at athe Morningstar Inc. conference.
A bill to increase penalties for people who commit securities violations against seniors was introduced in the Senate today.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
The domestic financial crisis is not yet over, and its full impact has yet to be felt, legendary investor Jean-Marie Eveillard said.
Two top stock-pickers are steering clear of financial service company stocks.
The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission.
Barclays Capital said the possibility of increased inflation has replaced credit risk as the top issue facing the global financial markets.
