President Barack Obama said today that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts, and demanded "painful concessions" from creditors, unions and others as their price for survival.
Bank stocks retreated today amid fresh concerns that financial firms will need additional capital to weather the ongoing credit crisis and recession.
There's some good news about mutual funds returns and other economic indicators, but it's not yet time to start popping Champagne corks, industry experts say.
Mercer and Callan Associates halted plans to merge their investment consulting businesses, according to a Callan news release.
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.
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.
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.
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.
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.
Three decades after Ronald Reagan launched a determined campaign to ease government regulations on business, the pendulum is swinging the other way.
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.
The cost of health care in retirement has risen 50% since 2002, according to research released today by Fidelity Investments.
Two congressmen think that a new consumer watchdog agency is needed in the wake of the financial crisis.
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.
The Obama administration today unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
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.
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.
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.
