The controversial CEO is set to become the insurer's longest-serving chief executive officer since the company's near-collapse in 2008
Individual investors are bailing out of the market. Meanwhile, mutual funds and other institutional investors are buying stock like crazy. What gives?
Legg Mason Inc. fell as much as 3.6 percent in New York trading after reporting that fund withdrawals more than doubled from the prior quarter.
Bank holding companies' income from annuity sales plummeted in the first quarter, as the annuities lost their appeal during the stock market recovery.
Worried that new suitability rules for annuities will lead to conflicts between insurers and broker-dealers, an annuity advocacy organization has formed a working group of both parties to work out a solution.
Goldman Sachs Group Inc. lowered its year-end forecast for the Standard & Poor's 500 Index to 1,200 from 1,250 and reduced its 2011 earnings projection, citing weakening economic forecasts.
Bacon lovers in the U.S. are paying record prices during the seasonal summer peak for consumption, and costs may keep rising through August because smaller hog herds led to an unprecedented plunge in meat inventories.
Financial advisory firm National Financial Partners Corp. said Wednesday it began a tender offer for $230 million in senior notes.
Ivy League school's endowment tops Wilshire's ranking for second straight year; roar, Lion, roar
Capitalism, the free market no longer at work; making sense of the 'new normal' nearly impossible
