OppenheimerFunds Inc. has elected to shutter its OFI Tremont Core Strategies Hedge Fund and start returning the fund's roughly $100 million in assets to clients.
Hard times are on the horizon for insurers as commercial mortgage exposure haunts carriers and capital levels shrink, according to Fitch.
Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years
Americans' already battered confidence in the economy went into free fall in February, sinking to new lows.
A declining percentage of Americans believe they are saving enough for retirement, according to a survey released today by the Consumer Federation of America.
While all 401(k) investors have sustained significant losses in the last year, no one has suffered more than the wealthiest 401(k) participants.
As market volatility persists, the Financial Planning Association has created a research program that is aimed to help advisers choose the best technology.
Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.
Blue-chip equities are less attractive than bonds thanks to plunging dividends, according to analysis published today by Bloomberg.
