Industry News

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NEWS INDUSTRY NEWS JUN 09, 2008
Thank tax law for college savings plans

Aug. 17, 2006, was probably the happiest day in the history of the Section 529 college savings plan business.

By Bloomberg
NEWS WIREHOUSES JUN 09, 2008
More talk, less trade seen on Wall Street

The big Wall Street firms have been talking a good game about offering advice, but how much worthwhile information will they actually provide in the next decade?

By Bloomberg
NEWS INDUSTRY NEWS JUN 09, 2008
REITs move from alternative to mainstream

What a difference a decade makes.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 06, 2008
AIG probed on subprime-mortgage contracts

The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.

By Bloomberg
NEWS INDUSTRY NEWS JUN 06, 2008
Unemployment stats spike in May

In another blow to a reeling economy, the unemployment rate surged to 5.5% in May, from 5% in April.

By Bloomberg
NEWS INDUSTRY NEWS JUN 06, 2008
Fidelity announces extent of layoffs

Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 06, 2008
New York Life promotes three in Asia

Michael Burson has been promoted to senior vice president for recruiting in Asia.

By Bloomberg
NEWS INDUSTRY NEWS JUN 06, 2008
U.S. households’ bottom line in decline

The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.

By Bloomberg
NEWS WIREHOUSES JUN 06, 2008
T. Rowe ups share buyback

T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.

By Bloomberg
NEWS INDUSTRY NEWS JUN 05, 2008
Consumer confidence hits all-time low

The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.

By Bloomberg
NEWS RIAS JUN 05, 2008
M&A for RIAs on the wane, study says

This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 05, 2008
MBIA and Ambac downgraded by S&P

The bond insurers are also facing downgrades from Moody's Investors Service.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 05, 2008
MBIA and Ambac downgraded by S&P

The bond insurers are also facing downgrades from Moody's Investors Service.

By Bloomberg
NEWS RIAS JUN 05, 2008
M&A for RIAs on the wane, study says

This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.

By Bloomberg
NEWS INDUSTRY NEWS JUN 05, 2008
Consumer confidence hits all-time low

The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.

By Bloomberg
NEWS ALTERNATIVES JUN 04, 2008
Foundations turn to alternative investments

Alternative asset allocations increased to 28%, compared with 23% in the previous year.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 04, 2008
SEC weighs guaranteed securities

The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 03, 2008
WaMu and Marsh leaders out the door

Washington Mutual board chairman Kerry Killinger and Marsh & McLennan CFO and VP Matthew B. Bartley will leave their jobs.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JUN 03, 2008
Age not automatic criterium for class actions

Plaintiff’s attorneys are going to have a tougher time seeking class action status in alleging the improper sale of an annuity.

By Bloomberg
NEWS INDUSTRY NEWS JUN 03, 2008
Factory-made goods move in April

Orders for factory-made goods unexpectedly rose 1.1% in April, due to a strong increase across several industries.

By Bloomberg