Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.
The bond market is in for more volatility, but a turnaround could start to emerge in the next six months, according to the head of Invesco Ltd.'s worldwide fixed-income division.
U.S. exchange traded fund assets totaled about $575 billion as of June 30, down 5.4% from the beginning of the year.
Junk bond funds are beginning to look more attractive to investors, even though their returns haven't been impressive.
A recently released SEC study provides further evidence that mutual fund prospectuses need fixing.
Morgan Stanley Investment Management is counting on overseas growth to help get it back on track as revenue continues to fall.
Because of slumping second-quarter sales of variable annuities, industry observers believe fixed annuities could benefit.
Adam Levinson, who has been with Fortress since 2002, will join five principals who hold around 77% of the stock.
The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.
Indexes apply environmental, social and governance performance factors to a U.S. fixed-income asset class.
Jim Pallotta, a fund manager at Tudor Investment Corp., will start his own investment firm in 2009.
After posting an 11.25% drop in June, real estate investment trusts rebounded in July, rising 2.8% for the month, NAREIT and FTSE Group reported today.
The Hennessee Hedge Fund Index slipped 1.95% last month and was down 3.23% for the year-to-date.
The pending-home-sales index rose 5.3% in June, after hitting a six-year low in May, according the National Association of Realtors.
Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.
The Vanguard Group reopened the Vanguard Explorer Fund and the Vanguard Health Care Fund to new shareholders.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Janus Capital Management LLC will begin sending out checks to investors Aug. 15 as restitution from its 2004 market-timing settlement.
Products of some top fund companies included on Doug Fabian's roster.
