The latest data from the Department of Commerce indicate sales of new single-family homes rose slightly in September from August while average home prices fell to their lowest level in almost three years.
At least one portfolio manager claims to be staying one step ahead of the market mayhem, thanks to the stars.
It's understandable that bargain hunters are drawn to beaten-down stocks, but they may be doing themselves a disservice if they don't also consider junk bonds
Recent market volatility is forcing mutual fund managers to pay more attention to how much risk they are taking in their portfolios and to focus more on balance sheets.
Wells Fargo & Co. has made its first foray into socially conscious investing.
Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.
The price of an ounce of gold for December delivery increased more than 2% in Friday trading, following a decrease of more than $190 .
The Treasury Department wants insurance companies to participate in its $700 billion bailout program —and it may take equity stakes in return.
A Boston federal jury found that disability insurer Unum Group committed fraud against the United States in some of its disability cases.
Six Democratic House leaders who deal with financial services issues, including Rep. Barney Frank, D-Mass., Friday expressed “outrage” over a news report that some hedge funds have tried to convince companies that service mortgages not to take advantage of legislation aimed at reducing foreclosures, because it would hurt their mortgage investments.
AIG has borrowed $90.3 billion from the federal government, surpassing its original $85 billion rescue loan.
In another sign that the housing turmoil continues to deepen, foreclosure activity surged more than 70% in the third quarter from the same period a year ago, according to the latest data from RealtyTrac of Irvine, Calif.
Ambac Financial Group Inc. of New York has selected David W. Wallis as its new president and chief executive.
Jackson National Life Insurance Co. of Lansing, Mich., today announced that it generated $11.2 billion in total sales and deposits during the first nine months of the year.
ING Groep N.V. said today that it would sell its Taiwanese life insurance business to Fubon Financial Holding Co., a Taipei-based financial services firm.
For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.
Pimco wants to be more than just a fund manager, and plans to expand that message to the retail marketplace.
Wells Fargo & Co.'s anticipated acquisition of Wachovia Corp. will create a new mutual fund behemoth.
Believe it or not, some presumably sane and sober investors are looking forward to opening their next mutual fund statement.
Hedge fund data-gatherers have started rolling out the grim numbers from September, a month being dubbed the worst month in the history of the shrinking industry.
