Industry News

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NEWS INDUSTRY NEWS DEC 29, 2009
There's gold in them thar commodities

The secular bull market in commodities, which took a breather during the stock market downturn last year, is back on track and poised for an extended rally, according to money managers and market watchers.

By Jeff Benjamin
NEWS INDUSTRY NEWS DEC 28, 2009
Stocks edge higher on retail sales data

Stocks edged higher Monday as investors returning from a long holiday weekend were heartened by good news on retail sales.

By Associated Press
NEWS INDUSTRY NEWS DEC 28, 2009
Moniker for coming decade: Terrible Teens

The decade ahead could be a brutal one for America's unemployed — and for people with jobs hoping for pay raises.

By Associated Press
NEWS INDUSTRY NEWS DEC 28, 2009
Stock futures inch higher on overseas gains, retail sales

U.S. stock futures are creeping higher as investors return from a long holiday weekend to find good news on retail sales

By Associated Press
NEWS INDUSTRY NEWS DEC 28, 2009
Nobel laureate Stiglitz: Economy could shrink in 2010

Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year.

By Bloomberg
NEWS MUTUAL FUNDS DEC 28, 2009
Trend spotter calls U.S. large-caps next new thing

If the trend is your friend, U.S. large-cap stocks will be the place to invest over the next several months, says Jim Porter, manager of the Aston/New Century Absolute Return ETF Fund (ANENX).

By Bloomberg
NEWS MUTUAL FUNDS DEC 28, 2009
How to play the rally —and potential pullbacks

The stock market's relentless charge from its March lows shouldn't be taken for granted, since no rally lasts forever, according to portfolio manager Jeffrey Beamer, who maintains a constant hedge on every position in his Lacerte Guardian Fund (LGFIX) offered by Lacerte Capital Advisers LLC.

By Jeff Benjamin
NEWS INDUSTRY NEWS DEC 27, 2009
Guess which NY area stock climbed 1,800% in '09?

Heading into 2009, it looked as if Avis Budget Group Inc. was doomed to wind up in bankruptcy court. Not only did the car renter avoid that sad fate, it ended the year as far and away the best-performing stock in the New York area.

By Aaron Elstein
Is high unemployment an ugly long-term trend?
NEWS RETIREMENT PLANNING DEC 27, 2009
Is high unemployment an ugly long-term trend?

The nation's 10.2% unemployment rate — the highest level in 23 years — is being viewed by some analysts not as a peak but as the beginning of a sustained period of above-average unemployment.

By Jeff Benjamin
NEWS INDUSTRY NEWS DEC 23, 2009
Disappointing housing data drives stocks down

An unexpected drop in sales of new homes last month is stalling a three-day rally on the stock market, leaving indexes narrowly mixed.

By Associated Press
NEWS INDUSTRY NEWS DEC 23, 2009
World markets up on U.S. economic news

World stock markets rose Wednesday amid mounting optimism about the speed of the U.S. economic recovery ahead of further data later.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES DEC 22, 2009
Singapore sling: Prudential to shell out $307M for bank's insurance unit

Prudential Plc, Britain's second-largest insurer, agreed to buy Singapore-based United Overseas Bank's life insurance unit to help expand in Southeast Asia.

By Associated Press
NEWS INDUSTRY NEWS DEC 22, 2009
Stock futures point to higher opening

Stock futures pointed to a higher opening Tuesday as investors placed bets that new data on economic output and housing sales will show the economy is continuing to recover.

By Bloomberg
NEWS INDUSTRY NEWS DEC 22, 2009
Surprising home sales data drives stocks higher

Stocks pushed higher for a third day after a report that home sales were surprisingly strong last month.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES DEC 22, 2009
Healy resigns post as NAIFA chief

John Healy has resigned his position as chief executive of the National Association of Insurance and Financial Advisors, the organization announced today.

By Sara Hansard
NEWS REGULATION AND LEGISLATION DEC 22, 2009
Bill targeting independent contractors could pit unions against advisers

Sen. John Kerry of Massachusetts will look at whether financial advisers should continue to be classified as independent contractors.

By Sara Hansard
NEWS RETIREMENT PLANNING DEC 22, 2009
Report: Target date funds expected to boom by 2018

Total assets in target date funds will grow to $2.6 trillion by 2018, attracting 80% of new and reallocated flows into defined-contribution plans for the next decade, according to a projection in a recent Casey Quirk & Associates LLC report.

By Barry B. Burr
NEWS OPINION DEC 22, 2009
Helping retired clients get back to work

Many of your retired clients are discovering that their accumulated savings are insufficient to meet their current expenses, which translates into a need for more retirement income.

By Maureen Wilke
NEWS INDUSTRY NEWS DEC 22, 2009
State Street 3Q profit up; sees weak second half

State Street Corp. said Tuesday its third-quarter profit rose but warned its business in the second half of 2009 is weaker than previously expected as it is collecting fewer transaction fees.

By Bloomberg
NEWS INDUSTRY NEWS DEC 21, 2009
Is your firm still giving to charity? Take our survey and let us know

By John Goff