Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.
Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing.
Attempts to avoid the largest municipal-bond default in U.S. history were dealt a blow this month when two Wall Street banks ended swap agreements with Jefferson County, Ala.
Oppenheimer Holdings Inc. is interested in picking up some of the brokers and advisers from the distressed Stanford Group Co., the Houston-based broker-dealer arm of the disgraced companies controlled by financial R. Allen Stanford.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Stocks declined in early trading Thursday after mixed economic data and a cut in General Electric Co.'s credit rating.
The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.
McLean Wealth Advisors announced today the launch of a fee-based platform for its investment advisory services business.
