The U.S. unemployment rate rose to 6.1% in August, marking the highest level since 2003 and the eighth consecutive month of slashed payrolls, according to the Department of Labor.
John H. Sykes, founder and chairman emeritus of Sykes Enterprises Inc., based in Tampa, Fla., will assume the role of chairman of the board of Gunn Allen Holdings Inc.,
Raymond James & Associates Inc. analyst Paul Puryear downgraded homebuilder Toll Brothers Inc. to market perform from outperform today.
Bank of America Corp. said yesterday that it is ready to settle with state and federal regulators over a probe into its marketing of auction rate securities.
Fifth Third Asset Management Inc. is selling off all its municipal bond funds to Federated Investors Inc., according to the website fundaction.com.
Van Eck Associates Corp. today launched the first global-hard-assets exchange traded fund — Market Vectors-RVE Hard Assets Producers (HAP).
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Ameriprise Financial Inc. has defeated a group of advisers who sought a class action alleging that, because the company recently changed its name, the power of its brand had been diminished.
Worries about bank failures and the stability of other financial institutions are all over the news lately.
