The Richmond, Va.-based insurer’s shares fell as low as $1.92 in this morning’s trading, as the impact of Genworth’s ineligibility for help through the Department of the Treasury’s Troubled Asset Relief Program took hold.
Goldman Sachs Group Inc. has beat Wall Street's earnings expectations, reporting profit of $1.7 billion during the first three months of this year. It's another sign that banks may be turning themselves around.
Investor's confidence in the stock and bond markets has been shaken, not just by economic weakness but also by the feeling that professional speculators are using tools not available to ordinary investors to plunder the markets.
Although the sector is challenging, select companies boast attractive returns American society is melding with technology at an ever-increasing pace, especially as a way to cut costs.
Wachovia Securities last month stopped offering recruitment packages to potential recruits to its profit-formula platform.
Fidelity Investments may lift the free ride it has been giving to registered investment advisers who participate in its client referral program.
Financial advisers are viewing the market gains of the past month with skepticism as they weigh whether it is time to dip a toe back into equities.
Although life insurers may be able to get a federal lifeline through the Troubled Asset Relief Program, it remains to be seen whether the money would be enough to help carriers survive mounting losses and decreased financial flexibility.
When Chris Wanken's dad, a branch manager affiliated with Raymond James Financial Services Inc., fired him last March, it ignited a smoldering family dispute that experts say might have been avoided with better planning.
April is National Financial Literacy Month, and it couldn't arrive at a better time for Americans who can't answer the most basic questions concerning personal finance.
While investors and pundits have regarded recent economic news with a hopeful eye, a survey of senior financial executives found most do not think the economy will improve over the next six months.
Walter Donovan resigned Thursday from the top equity job at Fidelity Investments to take the same position at Putnam Investments, according to sources who declined to be identified.
President Barack Obama is getting together with his top economic advisers Friday as the U.S. recession shows signs of abating.
The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
The executive may rank as highest paid chief on Wall Street, even after taking a 34% cut from the lofty $70 million pay package he took home in 2007.
Genworth Financial Inc. won’t be able to participate in the Department of the Treasury’s Troubled Asset Relief Program.
New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
The U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.
Bank of America Corp. has paid a $4.7 million fine to Massachusetts following an investigation of the bank's marketing and sales of auction-rate securities.
