Genworth Financial Inc. kicked off the new year by firing approximately 1,000 of its 7,300 employees worldwide in an attempt to cut the insurer’s spending.
Jackson National Life Insurance Co. of Lansing, Mich., today launched its new corporate <a href=http://www.jackson.com>website</a>, which includes new tools for advisers and registered representatives.
Fund managers around the globe hold a generally optimistic outlook on the future, predicting that markets in most regions will begin to recover in 2009, according to a survey released today by Watson Wyatt Worldwide Inc.
Foreign investors plan to spend significantly more money on U.S. real estate in 2009 than they did last year.
The new year promises to be a tough one for the U.S. life and health insurance sectors, according to an industry report card released today by Standard and Poor’s Ratings Services.
An analysis by PricewaterhouseCoopers of the outlook for corporate taxes warns that business could lose benefits in exchange for rate cut.
With the announcement last week of two new division chiefs, Fidelity Investments is continuing a trend of hiring outside talent for top jobs.
Last year was among the worst ever in the history of hedge funds, with $210 billion in losses during the third quarter alone, 693 funds closed through Sept. 30 and an average 16% decline through November.
Historically low interest rates, coupled with a torrent of new cash from investors, are forcing many mutual fund companies to close the doors on their Treasury money market funds.
Wash sale rules prohibit an investor from recognizing a loss for tax purposes if securities are sold and "substantially identical" securities are purchased within 31 days.
