Disenchanted brokers are migrating slowly to independent channels, adding to the coffers of major custodians like Charles Schwab & Co. and Fidelity Investments.
A rocky history notwithstanding, the U.S. Global Investors Global Mega Trends Fund (MEGAX) hopes to turn the corner in 2009 by focusing heavily on infrastructure-related investing.
The brokerage industry may have to pony up as much as $1 billion to replenish the Securities Investor Protection Corp. fund, should SIPC's liquidation of Bernard L. Madoff Investment Securities LLC of New York deplete its reserves.
The latest attack on short selling could come in the form of a reinstatement of the so-called uptick rule, which requires that a stock moves upward in price before it can be sold short.
Standard and Poor’s Ratings Services today cut its credit ratings on AFLAC Inc., placing the Columbus, Ga., health carrier on CreditWatch with negative implications.
Tracking the value of a wine cellar full of “investments” will get a little easier starting Monday when the London International Vintners Exchange launches the Liv-ex Claret Chip Index, the first fine-wine weekly price index.
Gemini Fund Services will offer ReFlow Management’s redemption service to small and midsize mutual funds. The service will be integrated into Gemini’s transfer agency services, providing clients with direct access to the service.
A bipartisan group of seven House members today sent a letter to Treasury secretary-designate Timothy Geithner, asking him to set up an office of insurance information if he is confirmed.
The deepening recession and rising unemployment took a toll on homebuilding giant Centex Corp. in the final three months of 2008 as the company saw new-home sales plunge 80%.
England officially entered into a recession in its fourth quarter, ended Dec. 31, according to data released today.
