Growth in the manufacturing sector slowed for the fifth consecutive month, according to the monthly Institute for Supply Management report.
These days, Legg Mason Inc. is a bit weak in the knees.
The Investment Management Consultants Association has named Garry Bridgeman president for 2008 and 2009.
The Investment Company Institute, the powerful mouthpiece of the mutual fund industry, is trying to torpedo the tax advantages of exchange traded notes, and industry insiders think that it has a pretty good chance of being successful.
As the market-timing scandals recede into financial history, the cautionary practices instituted in their wake could face the same fate.
While spending on technology in the financial-services sector won't reach double-digit growth next year, it's likely to outpace growth in spending by many other big sector groups.
Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.
The Securities and Exchange Commission might adopt a shortened prospectus that could save the industry $300 million a year in printing and mailing costs — and help preserve the environment.
Many of the retirement income solutions currently being developed by financial services companies involve software — most of which is designed to model financial outcomes once someone has retired.
