Oil prices tumbled this morning on news of a stronger dollar, despite fears over a supply shortage after the threat of a terrorist attack.
The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.
UBS AG has agreed to buy back $19.4 billion in auction rate securities on which the value collapsed in February.
In an arbitration case allegedly involving stolen stock, Wachovia Securities was ordered to pay clients $5.3 million in damages.
Second quarter data was not as strong as the 2.5% rate that had been predicted by economists polled by Thomson Reuters.
Falling oil prices and a recovering stock market have halted the precipitous drop in consumer confidence prevalent throughout 2008, according to new data.
The nation's largest brokerage firm will buy securities held by 30,000 clients.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
Twelve finalists for the second annual Community Leadership Awards have been named.
Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.
The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.
The Massachusetts pension board fired five managers, including Legg Mason Capital Management.
The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Freddie Mac of McLean, Va., today reported a second-quarter loss of $821 million, a decline of $1.63 per diluted share.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
Samuel Israel III, founder of Bayou Group LLC, pled guilty to charges related to his attempts to jump bail and flee.
Ameriprise Financial Inc. has made a splash in the roiling M&A acquisitions market for independent broker-dealers.
A number of Eaton Vance's closed-end funds will redeem approximately $176 million in ARPS.
