One bright spot in today's disappointing jobs report was the fact that the financial-activities sector of the economy added jobs for the first time since July 2007.
The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation's employers.
Stock index futures are modestly higher, following the lead of markets overseas ahead of an eagerly anticipated government report on U.S. employment in December.
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
Listening to Mohamed El-Erian describe the unfolding “stable disequilibrium” of the global economy can be mind-boggling and depressing at the same time.
Goldman Sachs Group Inc.'s top executives will not receive cash bonuses this year, as the Wall Street giant bows to sharp criticism over its pay practices.
Poor Goldman Sachs. The Wall Street firm that's printing money mere months after exiting the federal bank-bailout straitjacket can do no right.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Exchange-traded funds potentially make it easier for financial advisers to build a well-diversified portfolio that limits volatility by spreading risk. But the proliferation of more exotic ETFs — particularly leveraged and inverse ETFs — could blunt their diversification potential.
American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.
A government report Thursday on claims for unemployment aid signaled that layoffs are easing and that the economy could be on the verge of posting the first monthly gain in jobs in two years.
A one-sentence provision buried in the sweeping financial services reform legislation passed by the House this month has once again pitted investment adviser groups against brokerage groups.
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?Category=Topic&keywordid=363&keywordname=The%20Charles%20Schwab%20%26%20Co.%20Inc.>The Charles Schwab Corp.</a> said daily trading volume dropped 27% in November from a year ago. That dropoff will cut into fourth-quarter profits, the retail brokerage said Monday.
The Charles Schwab Corp.'s October survey of active traders showed a marked increase in bullish sentiment from three months earlier, the discount brokerage firm said today.
Life insurance agents' advocacy groups teamed up this month to ask Senate Banking Committee Chairman Christopher Dodd, D-Conn., to reconsider a legislative provision that would require life agents to become registered investment advisers.
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
Gary Black, former CEO of Janus Capital Group, launched a new money management firm, Black Capital Management, in New York.
Stock index futures are pointing to a lower open on Wall Street as investors refrain from any major moves while they await a stream of economic data.
Moss Adams, in a bid to continue the expansion of its wealth advisory business, has acquired a registered investment advisory firm in San Diego.
