Germany saw output plunge by 3.8% as demand for its cars and factory machinery collapsed.
Consumers are becoming more optimistic about the economy recovery, according to the preliminary results from the Reuters/University of Michigan Surveys of Consumers, released today.
The Financial Industry Regulatory Authority Inc. will likely take a more active role in the examination of registered investment advisers as a result of regulatory reform, the Tower Group Inc. concluded in a study to be released Monday.
Although parents are worried about the rising cost of college, the recession isn’t stopping most of them from saving, according to a survey that is to be released Monday by OppenheimerFunds Inc.
Consumer prices were unchanged in April as both food and energy costs declined to offset gains elsewhere. Prices over the past year fell by the largest amount in more than a half-century.
Six major insurance companies yesterday received preliminary approval from the Department of the Treasury to participate in the Troubled Asset Relief Program, according to published reports.
On the back of strong recruiting and the ability to attract new clients, LPL Investment Holdings Inc. of Boston has reported net income of $14.8 million for the first three months of this year — an increase of 26.8% over the same period in 2008.
Shares of Fortress Investment Group LLC fell today after the investment manager said it priced a stock offering.
In a Harris Poll that surveyed 2,401 U.S. adults online April 13-21, 35% of respondents said they were “very happy” — the same percentage as a year ago.
A rebound on Wall Street helped Europe's main stock markets close higher Thursday despite big selling in Asia earlier and ongoing unease about the scale and speed of any global economic recovery.
First-quarter overall annuity sales rose 8% to $2.6 billion at Jackson National Life Insurance Co. year over year, propelled by large gains in traditional fixed-annuity sales.
House Democrats are looking at big health care changes, including federal aid to help families earning up to $88,000 pay for insurance and a requirement that all must carry coverage.
The Charles Schwab Corp., the dominant broker-dealer for registered investment advisers, said today that RIA trades on behalf of clients in April fell 25% from the previous month to an average of 22,600 a day — the lowest volume level since last August.
The legislative proposal is the administration's first major step in overhauling the nation's financial regulatory system.
The Labor Department said Thursday the number of new claims rose to a seasonally adjusted 637,000, from a revised 605,000 the previous week. That's above analysts' expectations of 610,000.
The Labor Department said Thursday that wholesale prices climbed 0.3% last month, a larger increase than the 0.1% that economists had expected.
Members of Congress today weighed the implications of the federal government’s regulating the insurance industry.
A former employee of Ladenburg Thalmann Financial Services Inc. of Miami has filed $5 million arbitration claim against the firm and its subsidiary, Investacorp Inc., for alleged breach of contract.
Managed accounts industry assets fell by 7% during the first three months of the year to $1.2 trillion, according to the Money Management Institute in Washington.
