Industry News

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NEWS INDUSTRY NEWS AUG 06, 2010
A gold bug's life? A sweet one – thanks to government spending

To figure out what's driving the price of gold, look no further than global government policies, said Evan Smith, manager of the $700 million U.S. Global Investors Global Resources Fund.

By Bloomberg
Rocky start, but AIG boss Benmosche outlasts predecessors
NEWS LIFE INSURANCE AND ANNUITIES AUG 06, 2010
Rocky start, but AIG boss Benmosche outlasts predecessors

The controversial CEO is set to become the insurer's longest-serving chief executive officer since the company's near-collapse in 2008

By Bloomberg
NEWS INDUSTRY NEWS AUG 06, 2010
After burning white hot, energy partnerships still have a warm glow

Analysts don't expect last year's gusher from oil and gas master limited partnerships to continue, but they are still recommending the deals for investors seeking income, tax protection and portfolio diversification.

By Hilary Johnson
NEWS WIREHOUSES AUG 05, 2010
Then and now

With dramatic changes re-shaping the brokerage industry in recent years, Danny Sarch wants to know: How will the wirehouses continue to make money?

By Danny Sarch
NEWS INDUSTRY NEWS AUG 05, 2010
Bob Doll: Uncertainty easing, but volatility will continue

U.S equities posted positive results last week as uncertainty continued to ease in the markets.

By Bob Doll
Retail investors bail while money managers binge on stocks
NEWS INDUSTRY NEWS AUG 05, 2010
Retail investors bail while money managers binge on stocks

Individual investors are bailing out of the market. Meanwhile, mutual funds and other institutional investors are buying stock like crazy. What gives?

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES AUG 05, 2010
Banks' Q1 income from annuities dropped

Bank holding companies' income from annuity sales plummeted in the first quarter, as the annuities lost their appeal during the stock market recovery.

By Bloomberg
NEWS RIAS AUG 05, 2010
Organization forms group to examine new annuity rules

Worried that new suitability rules for annuities will lead to conflicts between insurers and broker-dealers, an annuity advocacy organization has formed a working group of both parties to work out a solution.

By Bloomberg
NEWS BROKER DEALERS AUG 05, 2010
LPL picks bad time to go public

If LPL decides to launch anytime soon — as of yet, no date has been set — it will be doing so smack dab in the middle of an incredibly difficult market for IPOs in general and financial services stocks in particular.

By Bruce Kelly
Goldman slashes S&P 500 forecast
NEWS INDUSTRY NEWS AUG 04, 2010
Goldman slashes S&P 500 forecast

Goldman Sachs Group Inc. lowered its year-end forecast for the Standard & Poor's 500 Index to 1,200 from 1,250 and reduced its 2011 earnings projection, citing weakening economic forecasts.

By Bloomberg
NEWS INDUSTRY NEWS AUG 04, 2010
Advisers on the Move: Reliance grabs $495M UBS rep

By Mark Bruno
NEWS INDUSTRY NEWS AUG 04, 2010
Lean and green: Why the bacon market is booming

Bacon lovers in the U.S. are paying record prices during the seasonal summer peak for consumption, and costs may keep rising through August because smaller hog herds led to an unprecedented plunge in meat inventories.

By Bloomberg
NEWS RIAS AUG 04, 2010
NFP offers to buy $230M in notes

Financial advisory firm National Financial Partners Corp. said Wednesday it began a tender offer for $230 million in senior notes.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES AUG 04, 2010
Goldman exit leaves NFP in control of Institutional Life Services

The pullout of Goldman Sach leaves NFP in control of Institutional Life Services. So what will they do with it?

By Darla Mercado
NEWS INDUSTRY NEWS AUG 03, 2010
The investors behind New York's new tech boom

Hundreds of New York City entrepreneurs are benefiting from a newly resurgent angel investor community, a varied crew of serial entrepreneurs, Wall Streeters and others who are taking stakes in early-stage companies.

By Judith Messina
NEWS INDUSTRY NEWS AUG 03, 2010
Lousy at football, but Columbia's great at investing

Ivy League school's endowment tops Wilshire's ranking for second straight year; roar, Lion, roar

By Bloomberg
Pimco's Gross: Fed won't raise rates for at least two years
NEWS INDUSTRY NEWS AUG 03, 2010
Pimco's Gross: Fed won't raise rates for at least two years

Pacific Investment Management Co.'s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession.

By Bloomberg
Raymond James' Jeffrey Saut: The call of the week
NEWS INDUSTRY NEWS AUG 03, 2010
Raymond James' Jeffrey Saut: The call of the week

<b>The call for this week:</b> When I entered this business, some 40 years ago, one of my mentors told me to put 20% of my money into Treasury Bills, 20% into stocks, 20% into bonds, 20% into precious metals, and 20% into real estate.

By Jeffrey D. Saut
NEWS MUTUAL FUNDS AUG 03, 2010
Broker-dealers blast SEC pricing plan for mutual fund fees

Brokerage executives are slamming the SEC's proposal to allow broker-dealers to set their own sales charges on mutual funds, claiming that it could create problems for both the industry and individual investors.

By Bruce Kelly
NEWS INDUSTRY NEWS AUG 03, 2010
The call of the week: 'A rally may be in order'

The call for this week: According to my friends at Bespoke Investment Group, &quot;The first half of the year came to an ugly end this week. The S&amp;P 500 is down more than 8% over the last ten trading days, with down days 9 out of 10 times.&quot;

By Bloomberg