The number of people signing contracts to buy homes tumbled to a new low in January.
Investors yanked about $147 billion from hedge funds worldwide in the fourth quarter of 2008, a 689% decline from the third quarter.
The Ohio Department of Insurance today released the names of the 20 companies that have raised their surplus levels through approved accounting breaks.
Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.
Conseco Inc. today announced a whopping $406.8 million loss, or $2.20 a share, for the fourth quarter of 2008, and warned it will be late in filing its annual report late.
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
Harbor Funds of Chicago launched a new global fund to its lineup today.
Publicly traded asset management companies tend to lead market recoveries, but the fast and brutal decline in mutual fund assets makes the firms' ability to front a recovery doubtful.
Panelists addressed myriad issues at the annual marketing conference held in New York by NAVA Inc., the Reston, Va.-based variable annuity trade association.
Neither investors nor their advisers are feeling particularly positive these days, according to research conducted by OppenheimerFunds.
Fears of increased paperwork and disclosures related to Finra's variable annuity suitability rule have been realized, with many firms reporting that they are still overburdened by hair-splitting requirements.
Standard and Poor’s yesterday announced ratings downgrades for 10 major life insurers, including Genworth Financial Inc., Lincoln National Corp. and MetLife Inc.
Standard & Poor's of New York today revised upward its fund volatility ratings on 10 U.S. offshore and European fixed-income funds.
A money-market mutual fund that notoriously "broke the buck" has set aside a $3.5 billion reserve to cover litigation costs and damages.
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
President Obama’s proposal to raise taxes on affluent households, detailed in his budget plan today, could be a boon for tax-managed mutual funds.
The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.
Sales of new single-family homes dropped more than 48% to a record low in Jan.
Thomas M. Marra, chief operating officer of The Hartford (Conn.) Financial Services Group Inc., will retire from his post July 3.
While it’s not wise to change your entire mutual fund investment strategy based on recent performance, it may be time to consider some alternatives like ETFs.
