A Florida Senate bill that would levy heavy penalties on agents and financial advisers who make fraudulent annuity sales has moved closer to becoming law — though not without a few insurance industry-friendly changes.
Stock futures surged Thursday as the world's finance leaders discussed the global economy. Investors were enthusiastic about word from the London meeting of financial regulatory changes and increased funding for the International Monetary Fund.
The European Central Bank has lowered its benchmark interest rate to a record low of 1.25 percent as it tackles the economic downturn plaguing the 16 countries that use the euro.
Authorities have begun sweeping up some of the leftovers of disgraced financier Bernard Madoff's opulent Palm Beach lifestyle — including a mansion and vintage yacht — but it won't go far repaying investors defrauded of billions.
The Spectrem Millionaire Investor Index rose eight points in March to -26, returning to a “mildly bearish stance.”
President Obama has his eye on automatic enrollment in individual retirement accounts and an expansion of the Saver’s Credit Act as a way to encourage Americans to prepare for retirement, according to a retirement policy expert.
A New York-based nonprofit research group says 100,000 fewer job advertisements were posted online in March.
MetLife Inc. Chairman and Chief Executive C. Robert Henrikson received compensation of $12.4 million in 2008, down 13 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Tuesday.
A trade group's measure of the health of the U.S. manufacturing sector contracted for the 14th straight month in March, and while the pace of decline was slower than expected, any pickup in jobs is still highly unlikely before next year.
Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction.
Advisers are being pelted with a dizzying array of new insurance products. But as quickly as products develop, so, too, do the challenges, which include evaluating carriers’ financial health and deciding which product might be favorable in a given economic environment.
Foundation giving went up in 2008, but is expected to decline this year, according to a survey released today by the Foundation Center.
European stock markets rose modestly Tuesday following a mixed Asian session as investors picked up beaten-down stocks but remained acutely aware that the rally could run out of steam in the run-up to this Thursday's G-20 summit of world leaders.
Inflation in the 16 nations that use the euro hit a record low in March, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said Tuesday.
An index of consumer sentiment based on 5,000 households remained relatively flat this month, according to a report released today by The Conference Board, a business research firm.
Wall Street has ended a tumultuous March on a high note, managing its first winning month this year and its best monthly performance in nearly seven years.
More employer-sponsored retirement plans may start to offer Treasury and government money market mutual funds to minimize the risk of losses, according to a survey of plan consultants released today by Pacific Investment Management Co. LLC.
