President Obama's plan to transform the Federal Reserve into a super-regulator ran into skepticism Thursday from lawmakers who worry that the central bank is not the best suited to keep an eye on firms deemed so big and influential that their demise could hurt the economy.
When it comes to target date funds, ignorance is not bliss.
The total number of people on the unemployment insurance rolls dropped for the first time since early January while new claims for benefits rose slightly.
Credit ratings agency Standard & Poor's has cut its ratings on 22 banks.
Excluding volatile food and energy costs, core prices also increased 0.1%, matching expectations.
Lincoln National, which markets itself as Lincoln Financial Group, will raise about $600 million from the stock offer.
The National Association of Active Investment Managers of Littleton, Colo., has elected Renee Toth as president of the trade group for 2009-2010.
Morgan Stanley is expected to introduce a new level of security for hedge fund investors, according to a report by The Wall Street Journal.
President Obama unveiled a systemwide regulatory overhaul Wednesday, measures he hopes will restore confidence in the U.S. financial system and prevent a repeat of the worst crisis to hit Wall Street in seven decades.
