"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
A Wells notice focuses on the firm's "bidding of various financial instruments associated with municipal securities."
Despite sky-high gas prices and a weakening job market, some retail spending rose last month.
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
Record-setting oil prices are driving investments in Brazil's bustling sugar cane ethanol industry.
California has backed away from a controversial proposal to regulate hedge funds under strong opposition from its hedge fund industry.
RBC is struggling to get the bugs out of its new technology platform.
Although U.S. investors have poured billions into international stock investments in recent years, most have overlooked international small- and mid-cap stocks.
The private-equity fund is part of a move to invest in sectors that haven’t been hit by the credit crunch.
The College Savings Foundation's summit meeting of experts on college savings, loans and financial aid in Washington next week could not have been better-timed.
