Industry News

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NEWS INDUSTRY NEWS MAR 17, 2008
WaMu's executive bonuses ignite backlash

Washington Mutual Inc.'s annual shareholder meeting April 15 will be no love fest.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 14, 2008
Jackson National’s earnings rise

Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.

By Bloomberg
NEWS INDUSTRY NEWS MAR 14, 2008
Consumer sentiment at 16-year low

U.S. consumer sentiment has slipped to its lowest level since 1992, according to a University of Michigan/Reuters survey.

By Bloomberg
NEWS INDUSTRY NEWS MAR 14, 2008
CPI holds steady

Cheaper gas prices were a major reason the consumer price index was unchanged in February.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 14, 2008
Advisers focus more on health of insurance carriers

By Bloomberg
NEWS INDUSTRY NEWS MAR 13, 2008
Dimon: Housing mess relief a year away

"it looks to me, [recession is] what we're in right now, JPMorgan Chase chairman and CEO James Dimon said.

By Bloomberg
NEWS INDUSTRY NEWS MAR 13, 2008
Retail sags, U.S. imports grow

With gas prices soaring and the economy struggling, retail sales slid 0.6% in February.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 11, 2008
Fixed annuities sales down 9% in '07

Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.

By Bloomberg
NEWS INDUSTRY NEWS MAR 11, 2008
U.S. trade deficit rises slightly

The U.S. trade deficit inched up in January, according to the Department of Commerce.

By Bloomberg
NEWS BROKER DEALERS MAR 10, 2008
Becoming a thriving enterprise

Financial advisory firms have evolved from home-based businesses, to one-man shows, to full-fledged, thriving enterprises with multiple professionals and sometimes many staff members.

By Bloomberg
NEWS BROKER DEALERS MAR 10, 2008
Round Table: Regulation - Round-Table discussion transcript

The following is an edited transcript of the round-table discussion.

By MFXFeeder
NEWS INDUSTRY NEWS MAR 10, 2008
Wholesale stats rebound in January

Farm product sales jumped 16.1% for January and 73.3% from the year-ago period.

By Bloomberg
NEWS BROKER DEALERS MAR 10, 2008
Indie broker-dealers welcome SEC plan

The SEC's proposed changes to Regulation S-P may slow down recruiting of independent reps, but executives with independent broker-dealers nonetheless are relieved that the agency has given some potential guidance on the issue.

By Bloomberg
NEWS INDUSTRY NEWS MAR 10, 2008
An alternative fleece

If hedge funds are becoming too commonplace, Michael Goldston offers jaded high-net-worth investors an alternative investment whose distinctiveness will knock their socks off and keep their feet toasty at the same time.

By Bloomberg
NEWS INDUSTRY NEWS MAR 10, 2008
529 industry vocal in finalizing fed tax rules

The Section 529 college savings plan industry is trying to make sure that the Internal Revenue Service doesn't rain on its parade.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 10, 2008
Nationwide Mutual to buy back shares for $2.2B

The move is intended to simplify the mutual company's ownership structure, according to the firm.

By Bloomberg
NEWS INDUSTRY NEWS MAR 07, 2008
Jobs down, but so are unemployment claims

U.S. nonfarm payrolls shed 63,000 jobs in February — the second consecutive monthly decline.

By Bloomberg
NEWS INDUSTRY NEWS MAR 07, 2008
Wary consumers glum on economy

The RBC CASH Index fell to a reading of 33.1 in March, marking the index's worst reading since January 2002.

By Bloomberg
NEWS INDUSTRY NEWS MAR 07, 2008
GunnAllen, Questar, Bluestein named in suit

An alleged Ponzi scheme ran for 12 years and defrauded 1,000 investors of $350 million.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 07, 2008
Cuomo presses insurers for payment info

The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.

By Bloomberg