Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS JUL 03, 2008
U.S. economy lost 62,000 jobs in June

The decrease in non-farm payrolls follows a decline of 49,000 jobs last month.

NEWS INDUSTRY NEWS JUL 03, 2008
European Central Bank ups interest rate

The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.

NEWS INDUSTRY NEWS JUL 02, 2008
Private sector sheds 79,000 jobs in June

The job cuts mark the largest decrease since November 2002, according to the monthly ADP National Employment Report.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 02, 2008
AIG's Sullivan scores $47 million severance

Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.

NEWS INDUSTRY NEWS JUL 01, 2008
Manufacturing sector shows some life

The national manufacturing sector grew in June for the first time since January, according to the Institute for Supply Management.

RETIREMENT RETIREMENT PLANNING JUL 01, 2008
ING closes $900M CitiStreet acquisition

The deal makes Hartford-based ING Wealth Management the third largest defined contribution business in the country.

INVESTING MUTUAL FUNDS JUL 01, 2008
Aberdeen absorbs $2.2B of Nationwide Funds

The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.

NEWS REGULATION AND LEGISLATION JUL 01, 2008
Manager turned sex offender gets jail time

Billionaire money manager Jeffrey Epstein was sentenced to 18 months in jail for soliciting prostitution.

INVESTING FIXED INCOME JUL 01, 2008
Munis take soft hit despite ARS woes

Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.

NEWS INDUSTRY NEWS JUL 01, 2008
Drooping dollar to revive, analyst says

“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.