The Department of Labor will begin an "immediate review" of target date funds — one that could lead to new regulations placed on the all-in-one investment strategies — according to a letter sent to a key Senate committee.
Even Bernie Madoff isn't exempt from the real estate slump.
The government says orders to U.S. factories posted an increase in February after six straight monthly declines, providing another glimmer of hope that the economy's deep plunge may be starting to moderate.
Investors dove into stocks on Thursday as global efforts to end the financial crisis fed the market's newfound optimism that the economy is on the mend.
Delinquencies on consumer loans are continuing to rise, according to new data released by the American Bankers Association.
Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction.
The Treasury Department on Tuesday extended a temporary guarantee of money market mutual fund assets initially put in place during the height of the financial crisis.
A trade group's measure of the health of the U.S. manufacturing sector contracted for the 14th straight month in March, and while the pace of decline was slower than expected, any pickup in jobs is still highly unlikely before next year.
An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates.
MetLife Inc. Chairman and Chief Executive C. Robert Henrikson received compensation of $12.4 million in 2008, down 13 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Tuesday.
