Industry News

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NEWS INDUSTRY NEWS MAY 01, 2008
Nymex, Fiserv, Unum Group

Nymex's net income for the first quarter increased to $71.2 million, up from $56.2 million a year ago.

By Bloomberg
NEWS INDUSTRY NEWS MAY 01, 2008
BofA launches website for non-profits

Bank of America today unveiled a redesign of its website to help non-profit organizations apply for grants.

By Bloomberg
NEWS RETIREMENT PLANNING APR 30, 2008
Economy slowing down 401(k) contributions

Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.

By Bloomberg
NEWS INDUSTRY NEWS APR 30, 2008
Most Americans see recession ahead

A majority of American —68% — believed that the United States is headed into a recession, according to a survey

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 30, 2008
New products challenge insurance biz

“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.

By Bloomberg
NEWS INDUSTRY NEWS APR 29, 2008
Bush faults Congress for soured economy

“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.

By Bloomberg
NEWS INDUSTRY NEWS APR 29, 2008
Deutsche and Countrywide post steep losses

Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.

By Bloomberg
NEWS INDUSTRY NEWS APR 29, 2008
‘Feeble’ growth feeds consumer insecurity

Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.

By Bloomberg
NEWS INDUSTRY NEWS APR 29, 2008
BlackRock CEO scored hefty comp package

BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 29, 2008
Allianz 1Q profit down 66%

Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.

By Bloomberg
NEWS ALTERNATIVES APR 29, 2008
Home prices fall, foreclosures skyrocket

Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.

By Bloomberg
NEWS BROKER DEALERS APR 28, 2008
Independent Broker-Dealers: Top indie B-Ds report 26.6% revenue jump in 2007

The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.

By Bloomberg
NEWS BROKER DEALERS APR 28, 2008
Independent Broker-Dealers: Personal touch by small B-Ds keeps them competitive

Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 28, 2008
AXA Equitable jumps into retirement annuities market

Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.

By Bloomberg
NEWS INDUSTRY NEWS APR 28, 2008
Report: Europe rocked by inflation

Europe is suffering from “a very strong inflationary shock” with food prices soaring and the cost of oil hitting record highs.

By Bloomberg
NEWS INDUSTRY NEWS APR 28, 2008
Empty homes highlight housing crisis

The number of vacant homes in the U.S. increased to a record 18.6 million in the first quarter of 2008.

By Bloomberg
NEWS INDUSTRY NEWS APR 28, 2008
Dividends are key in stock selection

If building a portfolio seems like a complicated endeavor full of unpalatable trade-offs and fuzzy concepts like diversification and dividends, as in every other way, stand ready to provide invaluable assistance.

By Bloomberg
NEWS INDUSTRY NEWS APR 28, 2008
Soaring commodities prices raise bubble fears

Advisers uncertain over the future direction of sky-high commodities prices have impressive company — commodities experts themselves.

By Bloomberg
NEWS INDUSTRY NEWS APR 28, 2008
Bank of China reports huge Q1 profit jump

The bank posted an 85% profit increase, thanks to a surge in net interest and net fee income along with a lowered tax rate.

By Bloomberg
NEWS INDUSTRY NEWS APR 25, 2008
Philanthropists getting younger by the year

The best age range to educate children about and involve them in philanthropy is five to 12, said a foundation executive.

By Bloomberg