The figure comes in much higher than market expectations and the biggest monthly increase in a year.
A report from UCLA says the U.S. will escape recession in 2008, but most polled by Bloomberg aren't buying it.
Sandy Praeger was voted in as the Kansas City, Mo.-based association's new president.
Daniel Glaser, currently managing director of AIG’s European arm, will start Dec. 10, filling the position vacated in August by Brain Storms.
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
The rep claimed ex-colleagues spread lies about him, saying that he was headed toward a nervous breakdown.
Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
Growth in the manufacturing sector slowed for the fifth consecutive month, according to the monthly Institute for Supply Management report.
The Investment Management Consultants Association has named Garry Bridgeman president for 2008 and 2009.
Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
The securities industry work force is not noticeably more diverse today than it was two years ago, even as the nation's largest investment firms strive to hire more women and minorities, according to a new survey.
Investment advisers can thank the 2006 Pension Protection Act for giving them a new opportunity.
Many of the retirement income solutions currently being developed by financial services companies involve software — most of which is designed to model financial outcomes once someone has retired.
Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.
Crude-oil prices may be skyrocketing, the dollar plummeting and housing sinking, but money matters will be of great importance to only 17% of Americans when they make their New Year's resolutions for 2008, according to a survey conducted by Country Insurance and Financial Services of Bloomington, Ill.
It's time for all investors, institutional and individual, to tell boards of directors: "We're mad as hell, and we're not going to take it anymore!"
Morgan Stanley co-president Zoe Cruz is the latest casualty of the mortgage crisis, leaving after 25 years at the firm.
