The House passed a one-year reprieve from the alternative minumum tax for an estimated 23 million taxpayers.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Board members and fund executives polled are now spending more than 50 hours per quarter managing board responsibilities.
