The number of first-time jobless claims was 573,000 for the week ending Dec. 6, a 58,000 increase from the previous week.
Excise taxes imposed on retirement savings account holders who do not take minimum distributions by age 70½ would be suspended for 2009 under legislation unanimously approved last night by the House of Representatives.
Most investors are satisfied with the way their portfolios have held up in the market downturn, according to a survey by Natixis Global Associates of Boston.
The Allstate Corp. of Northbrook, Ill., has announced the departure of James E. Hohmann, president and chief executive of Allstate Financial LLC, who is leaving on Jan. 5.
Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.
Fidelity Investments today announced the formal launch of its Fidelity <a href="http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20071029/FREE/710290351/1009/TOC&ht=" target=”_blank”>WealthCentral</a> management platform for registered investment advisers.
The Kansas City, Mo.-based tax services provider reported a net loss of $134.9 million, or 41 cents a share, for the quarter ended Oct. 31, compared with a net loss of $502.3 million, or $1.55 cents a share, in the year- earlier period.
The ARS had been bought by three of New York-based BNY Mellon’s funds prior to mid-February, when the market for these debt instruments dried up, according to Fund Action.
Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.
The National Association of Insurance Commissioners of Kansas City, Mo., yesterday adopted a new proposal to modernize state-based regulation of reinsurance.
MetLife Inc. today said that its fourth-quarter profits will be up from the 2007 period and that it will reap the benefits of investment gains.
The end of each year is a time of reflection and anticipation.
The stock market's near free fall since September could play right into a concentrated bond offering by Kessler Memorial Hospital.
The following is an edited transcript of the round-table discussion.
The outlook for traditional retail-brokerage firms has never been so uncertain.
Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.
Where are the advocates for businesspeople and investors in President-elect Barack Obama's incoming administration?
Demand to buy financial advisory firms remains strong despite a drop in the value of assets under management and turmoil in the financial markets.
With the stock market down more than 40% from the start of the year, the idea of portfolio re-balancing has taken on new meaning for many financial advisers and their clients.
As much as executives at custodian firms dream about scores of wirehouse brokers going independent, they say that it's just not happening.
