The non-manufacturing sector is experiencing anemic growth, reflecting difficult economic times and the financial crisis.
The House of Representatives on Friday approved a $700 billion bailout package and passed it along to President Bush who immediately signed it into law.
The U.S. economy shed 159,000 jobs in September, marking the highest number of jobs cut since March 2003.
The Securities and Exchange Commission today charged five brokers in the Los Angeles area with securities fraud.
A program that allows seniors to make charitable contributions from their individual retirement accounts was extended to 2009.
Not mentioning its broker-dealer network, AIG said it wants to sell a number of business lines, but not its core property and casualty insurance lines.
As part of the agreement, Hilb Rogal shareholders could either choose to receive Willis common stock or a combination of stock and cash.
The proposed legislation would have specified the requirements to obtain a life settlement license, as well as disclosure requirements at the point of solicitation.
Gloom, doom, pain and much suffering are all in the forecast for at least the next five years, according to renowned market bear David Tice, founder and president of David W. Tice & Associates LLC in Denver.
The broker-dealers in the AIG Advisor Group Inc. will be included as part of the massive asset sale that parent company American International Group Inc. could unveil as early as tomorrow, according to an investment banking source who asked not to be identified.
Confidence among wealthy investors fell to all-time lows last month as economic turmoil and market conditions had investors fretting, according to a report by Spectrem Group.
Jon A. Boscia has joined Sun Life as its president and will handle the company’s overall U.S. business, with the exception of Massachusetts Financial Services Co. He will oversee worldwide marketing.
Two days after the House rejected a $700 billion financial services bailout bill by a vote of 228 to 205, the Senate will be voting this evening on a slightly revised package in the hopes of pushing the controversial legislation forward.
U.S. private-sector companies lost 8,000 jobs in September, far fewer than expected after 37,000 positions were shed in August, according to the monthly ADP National Employment Report released today.
If the outlines of the administration’s bailout plan are approved, the next secretary will have to take shots in the dark while walking a tightrope.
The Senate breathed new life into the government’s scuttled $700 billion bailout package this evening when it approved a modified version of the bill by a vote of 74 to 25.
The ability of parents to save for their children’s college tuition has declined since last year, according to a study released today by Fidelity Investments of Boston.
Financial advisers, economists, and others fear that the country may plunge into a deep recession — and possibly even a depression — if congressional leaders don’t hammer out an alternative rescue plan following Monday’s failed vote.
“It matters little what path a bill takes to become law. What matters is that we get a law,” said President Bush today.
