Bloomberg

Bloomberg
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ETFS MAY 14, 2008
WisdomTree, Dreyfus unveil non-U.S. ETFs

The ETFs will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region.

LIFE INSURANCE AND ANNUITIES MAY 14, 2008
Iowa cracks down on Stoli policies

Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.

ALTERNATIVES MAY 14, 2008
U.S. foreclosures climbed steeply in April

The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.

RIA NEWS MAY 13, 2008
Société Générale, Fortis

French banking giant Société Générale earned $1.69 billion, down from $2.2 billion a year ago, but beating analyst estimates.

ALTERNATIVES MAY 13, 2008
Upscale homebuilder’s orders down 44%

Toll Brothers reported double-digit declines in new home orders, revenue and home prices in its second quarter.

LIFE INSURANCE AND ANNUITIES MAY 13, 2008
AIG invests in Brazilian agriculture

AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.

LIFE INSURANCE AND ANNUITIES MAY 13, 2008
AIG should delay meeting, ex-CEO says

"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.

RIA NEWS MAY 13, 2008
Some retail sales up in April

Despite sky-high gas prices and a weakening job market, some retail spending rose last month.

FIXED INCOME MAY 13, 2008
SEC eyes JPMorgan on muni bidding

A Wells notice focuses on the firm's "bidding of various financial instruments associated with municipal securities."

ALTERNATIVES MAY 12, 2008
Hedge funds win in California

California has backed away from a controversial proposal to regulate hedge funds under strong opposition from its hedge fund industry.