Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today, vowing to refashion the world's second-largest economy and create millions of jobs, with the first step a massive new stimulus package.
There were fresh signs today that the full force of the recession may be petering out: a strong profit forecast from Wells Fargo, a drop in unemployment benefit filings and several retailers predicting solid April sales.
Faced with the danger of a worsening recession, Federal Reserve policymakers at their March meeting took the bold step of plowing $1.2 trillion into the economy to drive down interest rates and entice Americans to start buying again.
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
While an index of consumer confidence rose in March, those surveyed still plan to be conservative about spending, according to a report released today.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
In a customer service satisfaction survey of 17 brokerage firms, discount-brokerage firms scored better in terms of navigating clients through the market downturn last year, compared with larger, full-service brokers, according to Consumer Reports.
Sisters of Charity of the Blessed Virgin Mary, Dubuque, Iowa, has filed a civil suit alleging breach of fiduciary duty, breach of trust and unjust enrichment regarding losses from the order’s investment in an SSgA enhanced Dow Jones-AIG Commodities futures strategy.
Lincoln National Corp., which paid off a $500 million debt just yesterday, today said it is considering whether to sell assets in an effort to bolster its insurance businesses.
Active portfolio managers experienced a surge of confidence last week as the Index of Manager Sentiment recorded a record seven-day spike, pushing the index to its highest level in nearly 10 months.
Shares of Lincoln National Corp. fell today as the insurer prepared to pay down $500 million in debt.
Job security in the financial sector is still a precarious proposition, but the worst may be over, said Marisa DiNatale, a senior economist at Moody’s Economy.com, a division of Moody’s Analytics Inc. of West Chester, Pa.
Following the recent death of its chief executive Gordon Loetz, GunnAllen Holdings Inc. of Tampa announced a series of management changes this morning.
Stifel Nicolaus & Co. Inc. has hired two executives from KeyBanc to fill newly created positions in the Financial Institutions Group.
After months of waiting for talks on the sale of the three broker-dealers that make up the AIG Advisor Group to be resolved, many of the more than 6,000 representatives and financial advisers in the network are growing anxious about their future.
Units of State Street Corp. and Bank of America Corp.'s Broadcort clearing division are working to capture alternative assets from registered investment advisers who are being forced to remove them from The Charles Schwab Corp.'s custody platform.
Insurers, concerned about conserving capital, have put the brakes on their fixed-index-annuity production, a move that advisers say could put a crimp in their business.
In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.
John Simmers, one of the most widely respected executives in the independent-contractor brokerage business, is stepping down from the ING Advisors Network. Mr. Simmers, chairman and CEO of the network, told advisers about his decision to retire on a conference call yesterday afternoon.
The stock market is finishing the day with a modest advance, logging its fourth straight week of gains.
