Bloomberg

Bloomberg
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ALTERNATIVES MAR 20, 2009
Hedge funds buying stocks again: Report

U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.

REGULATION, LEGAL & COMPLIANCE MAR 20, 2009
Lawmakers consider tighter rules for credit card companies

A bill has been introduced in the House that would impose stricter rules on how credit card companies set interest rates and charge fees to consumers.

FINTECH MAR 20, 2009
Internet Explorer 8; ING releases web offering

Internet Explorer 8 is unveiled and ING launches online comparison tool designed for retirement planning.

RIA NEWS MAR 20, 2009
U.S. deficit to exceed $1.8 trillion this year

The federal budget deficit for the current year will top $1.8 trillion under the latest estimates produced by congressional economists, say Capitol Hill aides briefed on the figures.

RIA NEWS MAR 19, 2009
New jobless claims, at 646,000, below expectations

New jobless claims fell more than expected last week, to a seasonally adjusted 646,000.

LIFE INSURANCE AND ANNUITIES MAR 19, 2009
Younger boomers buying group LTC insurance

Although older baby boomers account for the majority of individual long term care insurance sales, it is largely younger boomers and those under 45 who buy group LTC insurance.

RIA NEWS MAR 19, 2009
Madoff's foundation victims miss out on tax break

While the IRS released new rules this week to help victims of Bernard Madoff’s Ponzi scheme recoup some of their losses with a tax break, private foundations will not be able to benefit.

MUTUAL FUNDS MAR 19, 2009
Vanguard says new global fund first of its kind

The Vanguard Group Inc. is offering what it says is the first of its kind: a fund that offers exposure to small-cap stocks in both emerging and developed markets outside the United States.

MUTUAL FUNDS MAR 19, 2009
Supreme Court to hear case on fund fees

A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.

LIFE INSURANCE AND ANNUITIES MAR 19, 2009
Variable annuity sales plunged 30% in 4Q

Sales of variable annuities fell in the fourth quarter as premium flows hit $33.3 billion, according to data from NAVA Inc.