U.S. workers were more productive in the first quarter than previously estimated, the government said Thursday, as rapid layoffs meant companies were forced to make do with fewer employees.
The IRS is working on new rules that could require paid tax preparers to be licensed to improve tax compliance and reduce fraud, IRS Commissioner Doug Shulman announced today.
Ramani Ayer, chairman and chief executive of the Hartford (Conn.) Financial Services Group Inc., said today that he will step down by the end of the year.
While investors are likely to see an end to the recession later this year, the current stock market rally be a harbinger of better times, according to an investment report presented by MFS Investment Management of Boston yesterday.
Sen. Herb Kohl, D-Wis., chairman of the Senate Special Committee on Aging, questioned regulators and representatives of the long term care insurance industry at a committee hearing yesterday and focused on the financial viability of LTC insurers.
Two of the primary pillars of retirement security are not just on the ropes, but actually on life support.
Rydex Financial Services, the brokerage arm of Rydex Investments of Rockville, Md., is being sold to Boston-based CEROS Financial Services Inc., a unit of CEROS Holding AG of Luzern, Switzerland.
The U.S. service sector shrank last month at the slowest pace since late last year and orders to U.S. factory orders rose in April, but the improvements were incremental and economists say a real recovery will be long and slow.
A trade group says its measure of the health of the U.S. services economy shrank in May at the slowest pace since October.
Job losses will continue to mount as the nation is expected to lose an average of 500,000 to 600,000 jobs each month for the next few months, the report said.
Federal Reserve Chairman Ben Bernanke is urging Congress and the Obama administration to start plotting a strategy to curb record-high U.S. budget deficits. Failing to do so could eventually erode investor confidence and endanger the economy's prospects for long-term health, he said.
Orders to U.S. factories rose 0.7 percent in April, the second increase in three months and further evidence that manufacturers may be recovering.
As the stock market plummeted in 2008 and chaos reigned on Wall Street, Finra regulators found less reason to levy fines and enforcement actions against broker-dealers and their registered reps, according to a study.
As some insurers recently made stock and debt offerings in lieu of participating in the government’s Troubled Asset Relief Program, Moody’s Investors Service said that it will review the way these recapitalization options affect carriers’ ratings.
Money managers saw assets sold through unaffiliated third-party defined contribution record keepers shrink less than their retail mutual funds last year, according to a report released yesterday by Boston-based Financial Research Corp.
If proposed cap-and-trade legislation aimed at restricting corporate carbon emissions is passed, advisers and investors will have to re-evaluate companies on an individual basis, as the real-money effects of this law would vary dramatically from firm to firm, according a new research report.
The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, a sign that sales are finally coming to life after a long and painful slump.
John Hancock Financial Services today released a variable annuity called the John Hancock AnnuityNote.
Jamie Dimon, JPMorgan Chase & Co.'s chief executive, expressed frustration about how bankers have been vilified since the financial crisis began last year.
Seven years after being spun off by Citigroup Inc., Travelers Cos. is supplanting its former parent as a member of the Dow Jones industrial average.
