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.
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.
Luxury homebuilder Toll Brothers Inc. posted a loss and a 27% decline in net new-home orders in its fiscal third quarter.
Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc.
Worries about bank failures and the stability of other financial institutions are all over the news lately.
Two former Credit Suisse brokers were charged today with defrauding their customers by making more than $1 billion in unauthorized purchases of subprime-related auction rate securities.
Small-cap companies in the Russell 2000 Index climbed 3.6% during August, turning out a positive return for every sector, according to Russell Investments of Tacoma, Wash.
Facing jail time, a former branch manager for Banc of America Investment Services Inc. and A.G. Edwards & Sons Inc. owes two former clients $4.5 million after losing an arbitration claim last month.
Munder Capital Management Inc. has announced plans to exit the money market mutual fund business.
The Morgan Stanley Real Estate Fund VII Global will invest at least $1.46 billion in China over the next few years.
