Distressed debt is about to have its day, according to some prominent investment managers.
One of the broker-dealers in the ING Advisors Network Inc. is on the brink of losing representatives and advisers who generate $21 million in fees and commissions to rival firms.
Pink-sheet stocks, which represent thousands of public companies not listed on any U.S. stock exchange, are gaining appeal among some investors, thanks to increased efforts to hold the companies more accountable to shareholders.
In the wake of a security breach that affected more than 10,000 clients, LPL Financial has taken several steps to increase data protection.
More investors are looking to sell illiquid auction rate preferred securities issued by closed-end mutual funds even though in many cases, they must sell at hefty discounts.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
Fears of short supply in the largest oil-producing nations and a weak dollar sent crude oil prices above the $147-per-barrel mark.
The U.S. trade deficit contracted by 1.2% in May as the value of goods and services exported increased faster than those that were brought in.
U.S. chain store sales rose 4.3% in June — the biggest gain in more than a year — aided by strong performances from discount stores.
The ratings have been raised to “buy,” from “hold,” and the target price has been upped to $33 per share, from $30.
A Chicago lawyer was sentenced to seven years in prison Thursday by a federal judge who said his excessive loyalty to Refco Inc. led him to help the big commodities brokerage carry out a $2.4 billion fraud.
Goldman Sachs' hard-to-value assets declined 19% in the second quarter, to $78.1 billion.
Investors, brokers and analysts believe the current bond-rating system should be reformed.
Janet Yellen predicts unstable housing and higher commodity prices will hamper recovery before 2009.
Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.
The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.
