Investment bank Piper Jaffray Cos. said Wednesday that its first-quarter loss widened, but results were better than analysts had forecast.
UBS AG, Switzerland's largest bank, said today it expects a first quarter loss of nearly 2 billion Swiss francs ($1.75 billion) and announced plans to cut 8,700 jobs worldwide by the end of next year.
Clearing giant Pershing LLC has rolled out a program to help client firms attract fee-based advisers who do some commission business.
The Labor Department said Wednesday that consumer prices edged down 0.1 percent last month as a drop in energy prices offset the biggest rise in tobacco prices in more than a decade. It was a better performance than the 0.1 percent rise in the Consumer Price Index that economists had expected.
Investors picked up consumer staples and industrials stocks today but remained cautious after getting more evidence that the economy is still struggling.
Charles Schwab says its earnings fell 29% in the first quarter, but results easily beat Wall Street's expectations.
New vehicle sales could start to recover in the next several months, which could give a needed boost to automotive stocks, an analyst said Tuesday.
Lower fees for defined contribution retirement plans are related to factors such as the size of the plan, higher contribution rates by employers and employees, and greater use of automatic enrollment.
MetLife Inc. has backed out of the Department of the Treasury’s Troubled Asset Relief Program, saying its strong balance sheet shows it doesn’t need federal aid.
Federal Reserve Chairman Ben Bernanke said Tuesday there have been "tentative signs" that the recession may be easing.
President Obama aimed to juggle his glass-half-full take on the economy with a determination to not be stamped as naive or overly rosy in the face of stubborn problems that linger In a speech at Georgetown University today,
The Richmond, Va.-based insurer’s shares fell as low as $1.92 in this morning’s trading, as the impact of Genworth’s ineligibility for help through the Department of the Treasury’s Troubled Asset Relief Program took hold.
Goldman Sachs Group Inc. has beat Wall Street's earnings expectations, reporting profit of $1.7 billion during the first three months of this year. It's another sign that banks may be turning themselves around.
Morgan Keegan has been stung in another arbitration case involving its bond funds, this time losing a $950,000 claim to an ex-NFL Pro Bowl star with the Kansas City Chiefs.
Investor's confidence in the stock and bond markets has been shaken, not just by economic weakness but also by the feeling that professional speculators are using tools not available to ordinary investors to plunder the markets.
Woodrow Wilson may have been right when he said, "Loyalty means nothing unless it has at its heart the absolute principle of self-sacrifice."
Although the sector is challenging, select companies boast attractive returns American society is melding with technology at an ever-increasing pace, especially as a way to cut costs.
Wachovia Securities last month stopped offering recruitment packages to potential recruits to its profit-formula platform.
Trust is a five-syllable word. That word is fiduciary. As investors discuss "gates" in hedge funds and losses in portfolios, the term "in a client's best interests" is open to debate.
