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RIA NEWS MAY 28, 2009
Initial jobless claims drop unexpectedly

The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.

RIA NEWS MAY 28, 2009
Pat Robertson aims to answer investors' prayers

Pat Robertson — the controversial founder of The Christian Broadcast Network — is attempting to answer the prayers of investors who are fast losing faith in their advisers.

ALTERNATIVES MAY 27, 2009
1Q home prices fall by 19.1% to 2002 levels

U.S. home prices are at levels not seen since the end of 2002, but a closer look at data released Tuesday shows the worst may be over for some metropolitan areas.

RIA NEWS MAY 27, 2009
Geithner unveils stimulus tax credits

Treasury Secretary Tim Geithner announced Wednesday that organizations working in 33 states would receive $1.5 billion in business tax credits fueled with federal stimulus money and aimed at creating and saving jobs in areas hit hard by the economic downturn.

PRACTICE MANAGEMENT MAY 27, 2009
Schapiro said to backtrack on third-party compliance audits

In what may be a reprieve for advisory firms, including those under pressure from tight budgets, Securities and Exchange Commission chairman Mary Schapiro seems to have backed off from an idea that would require some advisory firms to undergo third-party compliance procedure audits.

ALTERNATIVES MAY 26, 2009
Hedge fund agrees to return Madoff withdrawals

The pool of money available to compensate victims of Bernard Madoff's massive pyramid scam is getting bigger.

LIFE INSURANCE AND ANNUITIES MAY 26, 2009
Progressive settles in Massachusetts over rate quotes

Progressive Insurance is paying the state $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.

FIXED INCOME MAY 26, 2009
Fortune 500 pension plans shift $1B to bonds

Many pension managers are allotting more assets to long-term investment-grade corporate bonds, reported Standish Mellon Asset Management Co. LLC of Boston today.

RIA NEWS MAY 26, 2009
Kentucky college savings plan to keep TIAA-CREF Tuition Financing

TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan.

LIFE INSURANCE AND ANNUITIES MAY 22, 2009
Florida senator wants state insurance chief to resign

A state senator wants Florida's insurance commissioner to resign, calling him "duplicitous and untrustworty" in a letter to Gov. Charlie Crist.