Bloomberg

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RIA NEWS MAR 05, 2009
GM auditors have 'substantial doubt' about its future

General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.

RIA NEWS MAR 05, 2009
Worker productivity fell at 0.4% rate in fourth quarter

MUTUAL FUNDS MAR 05, 2009
Legg Mason takes $610M charge for SIVs

Legg Mason Inc. said Thursday it will record a $610 million charge to reflect elimination of exposure to risky structured investment vehicles in its money market accounts.

ETFS MAR 05, 2009
ETFs bust the mutual fund manager myth

Two major forces are behind the dramatic growth in popularity of exchange traded funds: the wide-spread adoption of fee-based advice and the prolonged 10-year bear market’s effect of destroying the “mutual fund manager” myth.

RIA NEWS MAR 05, 2009
Unemployment claims unexpectedly drop to 639,000

The number of new jobless claims and the total number of people receiving unemployment benefits both dropped unexpectedly last week, though they remain at elevated levels.

REGULATION, LEGAL & COMPLIANCE MAR 05, 2009
SEC settles with 14 firms on trading charges

The Securities and Exchange Commission on Wednesday settled a charge that 14 trading firms cheated customers out of millions of dollars.

RIA NEWS MAR 05, 2009
Wanted: Expert retirement advisers

Advisers soon may be able to pursue a new designation that would formally qualify them as experts in managing investment portfolios during their clients' retirement years.

LIFE INSURANCE AND ANNUITIES MAR 04, 2009
Old Mutual's earnings off 30%

Insurer Old Mutual PLC reported Wednesday a 30 percent drop in 2008 profits as its U.S. Life unit made a large loss, hurt by the collapse of financial institutions such as Lehman Brothers and Freddie Mac and Fannie Mae.

RIA NEWS MAR 04, 2009
M&A set to rise in pharma sector, analysts say

With large pharmaceutical companies sitting on extra cash and billions, a flurry of mergers in the biotechnology sector is likely this year, analysts say.

LIFE INSURANCE AND ANNUITIES MAR 04, 2009
Report: Hartford in talks to sell life unit