Giving by community foundations reached a record level last year, but is expected to decline in 2009, according to a report released yesterday by the Foundation Center, a New York-based non-profit service research organization focused on philanthropy.
Variable annuity net sales rose nearly $1 billion from the fourth quarter of 2008 to the first quarter of 2009, according to a report released today by NAVA Inc., a Reston, Va.-based VA trade group.
The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.
As it grapples with major changes, GunnAllen Holdings Inc. has bought an independent broker-dealer.
Arthur J. Samberg, founder, chairman and CEO of hedge fund manager Pequot Capital Management, today told clients he will shutter the firm, close its core funds and spin out two funds into separate businesses, according to a client letter obtained by Crain's Pensions & Investments.
Pat Robertson — the controversial founder of The Christian Broadcast Network — is attempting to answer the prayers of investors who are fast losing faith in their advisers.
Private coverage for the average individual costs an extra $370 a year because of the cost-shifting, which happens when someone without medical insurance gets care at an emergency room or elsewhere and then doesn't pay.
Fixed annuities continued to outsell their variable counterparts in the first quarter, according to data from LIMRA International Inc. of Windsor, Conn.
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Treasury Secretary Tim Geithner announced Wednesday that organizations working in 33 states would receive $1.5 billion in business tax credits fueled with federal stimulus money and aimed at creating and saving jobs in areas hit hard by the economic downturn.
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.
The Vanguard Group Inc. today announced expense cuts across the lineup of investment options in The Vanguard 529 College Savings Plan, sponsored by the state of Nevada.
Progressive Insurance is paying the state $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.
TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan.
The International Monetary Fund has said Russia's GDP could drop as much as 6% this year — the most pessimistic outlook so far.
In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.
Investments that adhere to Islamic law have at least one advantage at the moment: hey restrict the use of leverage, according to a report from State Street Corp.
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.
Individual retirement account owners under 59½ who take a distribution from their IRA are subject to a 10% penalty on the taxable amount of the distribution. But there are several exceptions to the penalty.
The Obama administration's strategy to ad-dress the economic crisis may be making the problem worse.
