In one of the single largest securities arbitration awards ever, Merrill Lynch & Co. Inc. has been ordered pay $39.8 million to a group affiliated with the Freemasons.
Bank stocks retreated today amid fresh concerns that financial firms will need additional capital to weather the ongoing credit crisis and recession.
The Obama administration and Congress should immediately halt any effort to assess a punitive tax on bonuses paid this year by companies that received bailout funds from the Troubled Asset Relief Program.
Public pensionN executives are accelerating a move into indexed assets in the face of disappointing returns from active managers and to get a better handle on their risks.
A marketing technique called framing is being looked at with suspicion even thought it often produces a positive result — getting people to save for retirement.
In his new role atop Fidelity Investments' custodian business, Charles Goldman is trying to revamp its service culture while keeping up troop morale amid constrained budgets.
The stock market's historic implosion over the past year has only worked to bolster the spirits of true dividend-investing junkies.
The governmnet says more states logged double-digit unemployment rates in February, with North Carolina and Rhode Island seeing their rates hit record highs.
The Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, in line with expectations. That follows a huge 1 percent jump in January that was even better than the 0.6 percent rise originally reported.
Three decades after Ronald Reagan launched a determined campaign to ease government regulations on business, the pendulum is swinging the other way.
For a 10th straight week, the number of Americans who are continuing to claim jobless benefits increased, fresh evidence that the labor market remains weak despite other hopeful signs that the recession may have bottomed out.
Two congressmen think that a new consumer watchdog agency is needed in the wake of the financial crisis.
The cost of health care in retirement has risen 50% since 2002, according to research released today by Fidelity Investments.
The U.S. economy shrank at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century, and probably isn't doing much better now.
The Obama administration today unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
In his White House press conference last night, President Obama defended his proposal to reduce the tax deduction for philanthropic gifts, stating that the measure would not deter donors from giving.
Mercer LLC announced today that it will offer its defined contribution plan administration services directly to financial advisers after ending an exclusive relationship with Putnam Investments of Boston.
Putnam Investments of Boston today launched a new defined contribution platform for advisers and clients, signaling its expansion into the 401(k) market.
Thirty-four percent of U.S. employers have reduced or eliminated matching contributions in their defined contribution plans in 2008, and 29% of employers plan to do so in the next 12 months, according to a study released today.
Health care costs of Alzheimer's disease are at least $33,007 annually per patient, compared with $10,603 for an older person without Alzheimer's, according to a report issued Tuesday by the Alzheimer's Association.
