Clients of the troubled Stanford companies who clear through Pershing LLC will be able to liquidate their accounts if approved by the court-appointed receiver, Dallas attorney Ralph Janvey.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
Investors in stock mutual funds added modestly to their portfolios in January, reversing seven straight months of net redemptions.
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
President Obama today signed into law the $787 billion stimulus bill.
Poor performance by hedge funds has driven some brokerage firms to reduce services to the funds, including financing, the Wall Street Journal reported today.
Employers persuaded their employees to put their 401(k) investments in the stock market, but now they are trying to persuade them not to abandon their investments.
Smith Barney has lost 15 advisers in the Baltimore area to Robert W. Baird & Co. Inc.
