Hedge fund GLG Partners yesterday announced that it will temporarily stop paying a quarterly dividend.
In order to receive a deduction for charitable contributions in 2008, the client must meet new, stricter substantiation rules.
The Conference Board Consumer Confidence Index fell to a reading of 38 in December, down from 44.7 in November and matching the record low set in October.
Home prices in the 20 largest U.S. cities fell 18% in October, a record year-over-year decline.
What do Wall Street investment banks and retired investors have in common? They both must live off the return on their capital.
IndyMac Bancorp Inc. is close to being sold to a consortium of private-equity and hedge fund firms in a deal that will be partially financed by the federal government, people involved with the deal told The New York Times.
Advisers’ confidence in the economy and the stock market improved for the second consecutive month in December, according to Rydex AdvisorBenchmarking’s Advisor Confidence Index.
Global bond underwriting activity declined by 29% in 2008 to $4.33 billion, the lowest level since 2000, according to data from Dealogic Holdings PLC of London.
Personal spending fell 0.6% in November, as job losses began to mount and the economy continued to slow, according to the Department of Commerce.
Staff at the SEC’s Division of Enforcement has informed Reserve Management that it intends to recommend that the SEC bring an enforcement action against the company for violating federal securities laws.
