Germany saw output plunge by 3.8% as demand for its cars and factory machinery collapsed.
Consumers are becoming more optimistic about the economy recovery, according to the preliminary results from the Reuters/University of Michigan Surveys of Consumers, released today.
Although parents are worried about the rising cost of college, the recession isn’t stopping most of them from saving, according to a survey that is to be released Monday by OppenheimerFunds Inc.
On the back of strong recruiting and the ability to attract new clients, LPL Investment Holdings Inc. of Boston has reported net income of $14.8 million for the first three months of this year — an increase of 26.8% over the same period in 2008.
Shares of Fortress Investment Group LLC fell today after the investment manager said it priced a stock offering.
In a Harris Poll that surveyed 2,401 U.S. adults online April 13-21, 35% of respondents said they were “very happy” — the same percentage as a year ago.
Six major insurance companies yesterday received preliminary approval from the Department of the Treasury to participate in the Troubled Asset Relief Program, according to published reports.
Consumer prices were unchanged in April as both food and energy costs declined to offset gains elsewhere. Prices over the past year fell by the largest amount in more than a half-century.
First-quarter overall annuity sales rose 8% to $2.6 billion at Jackson National Life Insurance Co. year over year, propelled by large gains in traditional fixed-annuity sales.
The Charles Schwab Corp., the dominant broker-dealer for registered investment advisers, said today that RIA trades on behalf of clients in April fell 25% from the previous month to an average of 22,600 a day — the lowest volume level since last August.
A rebound on Wall Street helped Europe's main stock markets close higher Thursday despite big selling in Asia earlier and ongoing unease about the scale and speed of any global economic recovery.
The Labor Department said Thursday that wholesale prices climbed 0.3% last month, a larger increase than the 0.1% that economists had expected.
The Labor Department said Thursday the number of new claims rose to a seasonally adjusted 637,000, from a revised 605,000 the previous week. That's above analysts' expectations of 610,000.
Members of Congress today weighed the implications of the federal government’s regulating the insurance industry.
Managed accounts industry assets fell by 7% during the first three months of the year to $1.2 trillion, according to the Money Management Institute in Washington.
The insurance giant has reduced but not eliminated the risk that its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid, Edward Liddy is expected to tell Congress today.
The Munich, Germany-based insurer said net profit in the January-March period was €29 million ($40 million) compared with a profit of €1.15 billion in the first quarter of 2008.
The British economy has a 50-50 chance of returning to growth by the middle of 2010, says the U.K.'s central bank.
The world's biggest computer chip maker is said to have used illegal sales tactics to shut out smaller rival AMD.
