The Dow Jones industrial average has fallen below 7,000 Monday for the first time in more than 11 years.
Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.
Conseco Inc. today announced a whopping $406.8 million loss, or $2.20 a share, for the fourth quarter of 2008, and warned it will be late in filing its annual report late.
Two ex-Smith Barney brokers have been cleared of allegations that they took private client information to their new firm.
The Ohio Department of Insurance today released the names of the 20 companies that have raised their surplus levels through approved accounting breaks.
The retail-investor market is growing strong in Hong Kong, according to a new report by Celent, a Boston-based research advisory firm.
The challenge: Because of the increase in corporate layoffs, retirement plan rollovers are becoming more important.
A federal judge ruled Monday that investor accounts with Texas billionaire R. Allen Stanford's financial companies will remain frozen for another 10 days.
The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company another $30 billion on an "as needed" basis.
