Legislation that would allow insurance agents to be registered by a single national licensing organization was introduced today in the House of Representatives.
John Grady has joined New York Life Insurance Co. as a senior vice president in charge of mergers and acquisitions in the company’s corporate finance department.
Merrill Lynch Life Agency Inc. will pay the Illinois Division of Insurance $18 million to settle a state investigation into the firm’s role in an imploded trust that was supposed to cover consumers’ funeral expenses.
Rates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.
Managers have moved to a net underweighted position in bonds for the first time since last August, the survey said.
Toll Brothers Inc. said today its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering.
The Allstate Corp. of Northbrook, Ill., today declined the Department of the Treasury’s approval to participate in TARP.
A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
The Nebraska Supreme Court Friday ruled against a group of investors that tried to muscle a state guaranty association into paying about $1 million for the group’s failed viatical investments.
Expect lower yields from money market mutual funds in the coming months as a result of reforms being contemplated by the SEC and Investment Company Institute, according to a white paper released this month and announced today by Capital Advisors Group Inc. of Newton, Mass.
First-quarter earnings report by Lowe's boosted hopes among investors that the worst of the U.S. recession is over.
Chief executive Ramani Ayer today told employees in an internal memorandum that the insurance juggernaut, which has limped its way through dismal financial results and devastating investment losses, has decided to hold on to both units.
National Planning Holdings Inc., the Santa Monica, Calif. independent broker-dealer network, saw its revenue slip 15% during the first quarter, to $136 million from $159.9 million a year earlier.
First-quarter sales of index annuities hit $7 billion — down 2.1% from the fourth quarter but up 22.8% from a year earlier, according to research from AnnuitySpecs.com.
Citing a growing interest in options trading, Charles Schwab & Co. Inc. today announced the launch of more-advanced options-trading tools, including screening capabilities and historical-options-price charts for its traders.
The Putnam Capital Spectrum Fund (PVSAX) and Putnam Equity Spectrum Fund (PYSAX) will invest in a range of securities, including stocks, bonds, bank loans and convertible securities.
<i>InvestmentNews</i> interview with William M. Thomas, chief executive of Grail Advisors LLC, who discusses his new venture into launching their first active exchange traded fund and Grail's on-deck plans. Plus get an overview of the state of active ETFs and find out whether advisers think their future is bright.
Having slashed its equity index fund fees, Charles Schwab Investment Management Inc. is hoping to undercut its rivals in an attempt to take away index fund assets.
Following the departure of a major annuities expert and the elimination of some variable annuity riders, Massachusetts Mutual Life Insurance Co. is mulling the future of its role in the VA marketplace.
The evening of Sept. 15 was the worst of Bruce Bent II's career.
