Bloomberg

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MUTUAL FUNDS OCT 26, 2008
Risk becoming Fund managers to focus on risk, balance sheets

Recent market volatility is forcing mutual fund managers to pay more attention to how much risk they are taking in their portfolios and to focus more on balance sheets.

MUTUAL FUNDS OCT 26, 2008
Wells Fargo launches socially conscious fund

Wells Fargo & Co. has made its first foray into socially conscious investing.

FINTECH OCT 26, 2008
Indie B-Ds, asset managers look to Wall Street for techies

Amid the failures and mergers on Wall Street, there is at least one silver lining for independent broker-dealers and smaller asset managers.

OPINION OCT 26, 2008
Kudos to the tax writers

The government rescue plan inevitably will produce many villains.

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
U.K. insurer mulls purchase of AIG units

Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.

REGULATION, LEGAL & COMPLIANCE OCT 24, 2008
Financial organizations receive threats

More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices.

ALTERNATIVES OCT 24, 2008
Gold prices rise more than 2%

The price of an ounce of gold for December delivery increased more than 2% in Friday trading, following a decrease of more than $190 .

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
Treasury wants to recapitalize insurers

The Treasury Department wants insurance companies to participate in its $700 billion bailout program —and it may take equity stakes in return.

LIFE INSURANCE AND ANNUITIES OCT 24, 2008
AIG might need more money

AIG has borrowed $90.3 billion from the federal government, surpassing its original $85 billion rescue loan.

RIA NEWS OCT 24, 2008
Sales of existing homes begin to rise

Home sales increased 5.5% last month from August and 1.4% from a year earlier to a seasonally adjusted rate of 5.18 million units, according to the NAR.