A wealthy prospect wanted investment-grade bonds, and only investment-grade bonds, in his portfolio.
The amount of time workers take when considering retiring and executing the decision to leave a company is typically quite short, according to the results of a new survey released by the Employee Benefit Research Institute.
Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.
Legg Mason today reported a loss of $31.3 million, or 22 cents a share, for the second quarter.
The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
New orders for manufactured durable goods were up 0.8% in June for a total of $215.4 billion.
UBS could be parially suspended from operating until those who purchased ARS from the firm are reimbursed.
Economic activity has slowed in the past month, with Americans buying fewer goods in all categories.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.
This could be the first of several cases arising from an investigation into the auction rate securities market.
E*Trade Financial reported a second-quarter earnings loss of $94.6 million compared to a net income gain of $159.1 million a year ago.
Wachovia reported a second-quarter loss of $8.9 billion, or $4.20 per share, while slashing its dividend by 87%.
There will be conintued stresses "until the housing market stabilizes further," said Treasury secretary Henry Paulson.
In the wake of moves this month by Ladenburg Thalmann Financial Services Inc. and First Allied Securities Inc. to acquire broker-dealers, more deals for independent-contractor firms are on the horizon, according to industry observers.
An index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.1% in June.
A growing number of investors are looking beyond conventional office buildings and shopping malls, and parking their cash in the infrastructure that surrounds them — in particular, toll roads, bridges, electrical transmission lines, communication lines and pipelines.
The Charlotte, N.C.-based bank booked second-quarter net income of $3.41 billion compared to $5.76 billion in the year-ago period.
Although the stock prices of mortgage giants Fannie Mae and Freddie Mac were bruised, a handful of mutual funds continue to hold the securities, either because they underestimate the risk or because they are smarter than the average bear.
