Sales of previously occupied homes jumped in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.
As Florida weighs proposed legislation that could make it easier to toss annuity salespeople into prison, agents and the insurance industry are rallying to fight the bill.
The possibility that Barclays' iShares exchange traded fund business could be sold to another big ETF provider, reducing competition by creating an industry behemoth, is worrying advisers.
Janus Capital Group Inc. paid its chief executive $7 million in 2008, including a bonus, which represents a 27.8% pay cut from the previous year, according to a proxy statement filed with the Securities and Exchange Commission yesterday.
The Securities and Exchange Commission is investigating whether hedge funds gave favored employees or investors “preferential redemptions” by allowing them to withdraw money while freezing redemptions for other clients.
U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.
Although older baby boomers account for the majority of individual long term care insurance sales, it is largely younger boomers and those under 45 who buy group LTC insurance.
The Vanguard Group Inc. is offering what it says is the first of its kind: a fund that offers exposure to small-cap stocks in both emerging and developed markets outside the United States.
A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.
Sales of variable annuities fell in the fourth quarter as premium flows hit $33.3 billion, according to data from NAVA Inc.
A full 20% of the hedging shops that blew up last year were feeder funds for Bernie’s Ponzi scheme that thought they were overseeing $16 billion. They weren’t.
<b>Situation:</b> Under the new tax act, a hefty cash refund is available to so-called “first-time” home buyers.
Most Americans and Europeans would rather see the construction companies bailed out than the banks or car manufacturers, according to a recent survey conducted by the Financial Times of London and Harris Poll.
The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the U.S. out of recession by lowering rates on mortgages and other consumer debt.
The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry.
Insurer Conseco Inc. said Tuesday it will miss its planned filing date for 2008 financial results with the Securities and Exchange Commission.
Iowa Sen. Charles Grassley suggested that AIG executives should accept responsibility for the collapse of the insurance giant by resigning or killing themselves.
More layoffs are expected at American Funds this year, although the announcement will not be finalized until June.
Investors who are still awaiting payouts from Reserve Management Co. Inc. — the New York-based firm whose $63 billion money market fund "broke the buck" last year — appear to be taking matters into their own hands.
Individuals who invest for themselves — without the help of a financial adviser — show more awareness and commitment to exchange traded funds than their adviser-directed peers.
