John Thain may bring aboard Nelson Chai of NYSE Euronext as he takes the helm at Merrill, The Wall Street Journal reported.
Josh Brooks, chief investment officer for large-cap equities at Putnam Investments, is leaving the firm.
The firm will change its pay policies to comply with a wage-and-hour lawsuit the firm settled last year.
The price index for personal consumption expenditures increased 0.3% for the second consecutive month in October.
The White House toned down its forecast for economic growth for 2008, but still predicted "solid growth" throughout the year.
Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
The third-quarter economy expanded at its fastest pace in four years, growing 4.9%, according to a Department of Commerce report.
Individual life insurance premium sales jumped 20% during the third quarter, according to LIMRA International.
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
The dollar rose against the euro this morning, trading at $1.4743, up from $1.4841 yesterday.
Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.
The portal gives advisers access to fund attribution analysis, portfolio commentaries, portfolio holdings analysis, and sector/security attribution.
Sales of existing homes fell in October pushing supply of homes to the highest level since 1985.
Michael John Brooks is charged with four counts of second degree criminal sexual misconduct.
Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.
The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted due to their handling of her $198 million estate.
Wiley and Fisher Investments create joint venture to publish books written by asset manager's employees.
Oregon's new certificate of deposit linked to the S&P 500 Index offers a guarantee and possible growth.
Conference Board says worries about the stock market and rising gasoline prices led to 7.9-point drop in November.
Prices of existing U.S. homes fell 4.5% in the third quarter, according to the S&P/Case-Shiller Home Price Indices.
