MetLife Inc. of New York said that State Street Global Advisors in Boston will subadvise a pair of exchange-traded-fund-focused asset allocation portfolios for the carrier’s variable annuities.
Now that the Federal Reserve Board has cut the federal funds rate to 1%, the focus needs to be on increasing liquidity, St. Louis Federal Reserve Bank president James Bullard said yesterday.
Roger W. Crandall, co-COO, executive vice president and chief investment officer, will take on the role of president, presently held by chairman and chief executive Stuart H. Reese.
The number of Americans filing claims for first-time unemployment benefits rose by 27,000 to a seasonally adjusted 542,000 for the week ended Nov. 15 — a 16-year high, according to data from the Department of Labor.
The Conference Board's index of leading indicators, which measures the economic outlook for the next three to six months, fell 0.8% in October in a sign that the economy will continue to suffer in the months ahead.
The exposure was in four transactions: two collateralized-debt-obligation squared transactions and two high-grade CDOs of asset backed securities.
This week, three more insurers announced their intentions to apply for to the Department of the Treasury’s Capital Purchase Program.
Entrepreneur Mark Cuban, owner of the NBA's Dallas Mavericks, is defending himself on his website against insider trading charges that the SEC levied against him this week.
The consumer price index, a key indicator of inflation, fell 1%, marking the largest monthly decline since the index was first computed in 1947, according to the Department of Labor.
The producer price index fell by a record 2.8% in October, as energy prices plunged by the largest amount in 22 years, the Department of Labor reported.
Index annuity sales crept up during the third quarter, hitting $6.7 billion, according to data from AnnuitySpecs.com of Pleasant Hill, Iowa.
There are more enrollees in consumer-directed health plans this year than last, and those individuals are more likely to have higher income and enjoy better health than their traditional plan counterparts, according to a study.
Massachusetts Secretary of the Commonwealth William Galvin today charged Oppenheimer & Co. Inc. with fraud and unethical conduct in the sales of auction rate securities.
Four more insurers have lined up to become banks in the hopes of qualifying for some money from the Treasury’s Troubled Asset Relief Program.
Japan is in a recession for the first time since late 2001 as the country’s gross domestic product contracted for two consecutive quarters — the definition of a recession — Japan’s Cabinet Office announced today.
Politics isn't the only place where people are opting for change.
Sensing an opportunity when a new administration and Congress take over in January, the Section 529 college savings plan industry is pushing for an expansion of current rules and regulations governing the programs.
As we wade through the fallout from the credit crisis, it is easy for investors to be fearful instead of seeing long-term opportunities.
