Industry News

Displaying 35415 results
NEWS INDUSTRY NEWS DEC 10, 2009
Weaker dollar pumps up stock futures

A weaker dollar and hopes for more good news on employment are lifting stock futures.

By Associated Press
NEWS INDUSTRY NEWS DEC 10, 2009
Smaller trade deficit lifts stocks on the day

Stock indexes rose Thursday as a jump in exports offset concerns about an increase in weekly unemployment claims

By Associated Press
NEWS RIAS DEC 10, 2009
ING promotes execs to bolster multicultural outreach

ING today stepped up its multicultural outreach efforts by hiring a slate of new executives hailing from Latin America.

By Bloomberg
NEWS REGULATION AND LEGISLATION DEC 10, 2009
Proposal would mean less oversight for some B-D auditors

An amendment to legislation to be considered today by the House Rules Committee could exempt accounting firms that audit certain broker-dealers from having to register with the Public Company Accounting Oversight Board.

By Sara Hansard
NEWS LIFE INSURANCE AND ANNUITIES DEC 10, 2009
Indexed annuities as securities? Not until 2013, says the SEC

Insurers claimed a small victory in the indexed-annuities war, as the SEC said it will delay by two years the effective date of a proposed rule that would make the products securities.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES DEC 10, 2009
Life insurers seen getting back in black by year-end

Life insurers will be back in the black at the end of the year, reaping an estimated $16 billion in profits, according to new research from Conning Research and Consulting.

By Darla Mercado
NEWS WIREHOUSES DEC 10, 2009
Generous pay makes comeback on Wall St.

By Aaron Elstein
NEWS INDUSTRY NEWS DEC 10, 2009
Wells Fargo 3Q profit rises to $3.2 billion

Wells Fargo & Co. says its third-quarter profit nearly doubled from a year ago although it joins other big U.S. banks in reporting higher loan losses.

By Bloomberg
NEWS INDUSTRY NEWS DEC 10, 2009
E-Trade Financial prices public stock offering

The struggling online brokerage and bank looks to raise capital to pull itself out from under mortgage-related loan losses.

By Bloomberg
NEWS ALTERNATIVES DEC 10, 2009
Just two CDS clearinghouses will survive, analysts say

Although five exchanges will soon vie to clear credit default swap trades in Europe and the United States, the number is likely to dwindle to one on each side of the Atlantic in the next couple of years, according to analysts and industry participants.

By Bloomberg
NEWS RIAS DEC 09, 2009
Fairport Asset Management bids adieu to CEO and CIO

CEO said he's leaving as a result of strategic differences with the parent company

By Jed Horowitz
NEWS INDUSTRY NEWS DEC 09, 2009
World markets fall on sovereign debt worries

World stock markets fell Wednesday amid ongoing worries about sovereign credit risks and ahead of a key budgetary policy statement from the British government.

By Associated Press
NEWS INDUSTRY NEWS DEC 09, 2009
Investors in Dubai don't buy, as market plunges

Dubai's main stock exchange plunged for a third straight day Wednesday as investors dumped holdings.

By Associated Press
NEWS INDUSTRY NEWS DEC 09, 2009
Stock futures point to a higher open

Stock futures are indicating a higher open on Wall Street Wednesday, bouncing back from the previous day's losses as the dollar resumes its decline.

By John Goff
NEWS INDUSTRY NEWS DEC 09, 2009
Stocks mixed in early trading

Stocks are slightly lower in early trading as concerns about foreign debt problems offset a weaker dollar.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES DEC 09, 2009
Controversial accounting change will boost insurers' capital reserves

By Darla Mercado
NEWS RIAS DEC 09, 2009
California eyes renewal fee for advisers at B-Ds, RIAs

California is considering charging broker-dealer and investment advisory representatives $25 per year to cover the cost of regulating more investment advisory firms, the state's corporations commissioner, Preston DuFauchard, told InvestmentNews today.

By Sara Hansard
NEWS WIREHOUSES DEC 09, 2009
MSSB exec: Smith Barney broker attrition has stabilized

The broker attrition at Morgan Stanley Smith Barney LLC is slowing down, according to Charles Johnston, its president and chief operating officer.

By Dan Jamieson
NEWS INDUSTRY NEWS DEC 09, 2009
'Tis the season for market forecasts – and lunch

I don't mean to sound insensitive or flip, but a few years ago, I came up with an economically and socially beneficial way to address the hunger problem in New York. I call it the PR solution.

By Bloomberg
NEWS PRACTICE MANAGEMENT DEC 09, 2009
Morgan Stanley Smith Barney pumps up recruiting packages to lure top producers

Morgan Stanley Smith Barney LLC is entering into the recruiting wars with its guns blazing and is creating a potential pay package for new advisers that will match that of its rival Merrill Lynch & Co Inc.'s Global Wealth Management unit.

By Bruce Kelly