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%.
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.
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.
England officially entered into a recession in its fourth quarter, ended Dec. 31, according to data released today.
Pacific Investment Management Co. of Newport Beach, Calif., has filed with the Securities and Exchange Commission to launch the Treasury Money Market and Government Money Market funds.
GE Asset Management Inc. of Stamford, Conn., today agreed to add the GE Investments Total Return Fund to Pacific Life Insurance Co.’s variable annuity platform.
Forward Management LLC of San Francisco, adviser to the Accessor Funds, announced today the launch of a mutual fund that gives investors access to “frontier” equity markets which are smaller, less liquid and less developed.
The housing market continued its downward spiral in December, with new-home construction plummeting to a record low, according to data released today by the Department of Commerce.
