Three life and health insurers have become financially “impaired” so far this year and more carriers are expected to follow, according to a report by A.M. Best.
Mutual fund expense ratios declined in 2008 for the fourth consecutive year, seeing an average reduction of 0.036% industrywide, according to a report by New York-based research firm Lipper Inc.
Investors poured money into equity mutual funds, including exchange traded funds, in April in a reversal from the previous month, when those funds experienced net outflows, according to a report released yesterday by Financial Research Corp. of Boston.
Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.
U.S. home prices are at levels not seen since the end of 2002, but a closer look at data released Tuesday shows the worst may be over for some metropolitan areas.
European indexes followed Asian markets lower, with trading gaining momentum as Britain and the U.S. come back from a long weekend.
Progressive Insurance is paying the state $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.
Optimal Investment Services, the Geneva-based hedge fund arm of Banco Santander SA, has reached a settlement with Irving Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, for $235 million.
Many pension managers are allotting more assets to long-term investment-grade corporate bonds, reported Standish Mellon Asset Management Co. LLC of Boston today.
The pool of money available to compensate victims of Bernard Madoff's massive pyramid scam is getting bigger.
The International Monetary Fund has said Russia's GDP could drop as much as 6% this year — the most pessimistic outlook so far.
Financial advisers who handle retirement plans have noted that plan sponsors are now very much aware of the performance of target date funds. But sponsors don't really understand the reason for the performance, according to 76% of advisers polled by my firm.
Lubos Pastor may upend the world of equity investing. In his recent academic paper “Are stocks really less volatile in the long run?” the professor at the college's Booth School of Business argues that stocks are riskier than generally perceived.
The Obama administration's strategy to ad-dress the economic crisis may be making the problem worse.
Fidelity Investments had the most internally managed active-domestic-equity assets for U.S. institutional tax-exempt assets clients last year.
The Nebraska Supreme Court has ruled against a group of investors who tried to muscle a state guaranty association into paying about $1 million for the group's failed viatical investments.
Congress is likely to begin a review of the financial oversight system next month, with an eye toward revamping regulation. Banking, of course, will take center stage, especially now that the federal government has a direct stake in many of the nation's largest banks.
Mutual funds that invest in technology stocks are producing great returns — a sign that the market in general is improving, some say — and investors are starting to respond.
Although carriers' acceptance into the TARP program has led to share price gains and cautious approval from ratings agencies, some financial advisers are still keeping the insurers' products and securities at arm's length.
Wealth managers and tax attorneys are advising wealthy clients who may need to minimize gift and estate tax payments to consider taking advantage of a popular tax-planning tool while they still can.
