Selling private placements has turned into a disaster for some independent broker-dealers.
Pacific Investment Management Co. LLC and TCW Group Inc. are investing in bonds guaranteed by aircraft as U.S. airlines hold back from adding seats to protect profitability, preserving the value of their planes.
After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
Gold, which reached a six-week high in New York today, may gain as signs of a slowing economic recovery and a weaker dollar increase demand for the metal as a protection of wealth.
Eric Mindich's $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson's bet that bullion will increase amid inflation concerns.
Almost two years after Lehman Brothers Holdings Inc.'s failure caused world markets to seize up, Pacific Investment Management Co. is planning a fund that will offer protection to investors against market declines of more than 15 percent.
The tax impact on carriers will encompass about 1% to 2% of their total earnings, assuming an annual tax of about 4 basis points.
Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, missed analysts' estimates by a penny after investors withdrew more money than expected from its quantitative investment unit.
Scott Rothstein, the former South Florida lawyer serving 50 years in prison for a $1.2 billion Ponzi scheme, was ordered by a judge to pay his victims $363 million.
