Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation.
JPMorgan, Wells Fargo, BlackRock and Knight showed first-quarter profits, while Piper Jaffray swung to a loss.
The U.S. dollar fell to a record low against the euro today, depreciating 1.1% to $1.5965.
State Street posted a 69% increase in profit for the first quarter, helped by $600 billion in new assets.
Before JPMorgan stepped in to buy Bear Stearns at a bargain basement price in March, the firm was already flailing.
The increase in the producer price index was the largest increase since the it rose 2.6% in November 2007.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
Both GunnAllen Financial Inc. and a former top executive are claiming victory after a lengthy arbitration battle that focused on whether the independent broker- dealer had the right to fire David McCoy, its former chief operating officer and national sales director, who was dismissed in 2005.
This year's proxy season could be a pivotal one in the battle for improved corporate governance.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
On March 31, Treasury Secretary Henry Paulson released the Treasury's "Blueprint for a Modernized Financial Regulatory Structure."
"Rep-as-adviser" programs are gaining interest among brokerage firms as an alternative to the banned fee-based brokerage accounts, according to a report by Cerulli Associates Inc.
The Pittsburgh-based money manager reported that its preliminary net income rose to $55.8 million, or 55 cents per share.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
Fueled by a drastic jump of 9.1% in petroleum import costs, the price of imports increased 2.8%.
The RBC CASH Index fell to 29.5 in April, down from 33.1 in March — an all-time low since it made its debut in January 2002.
The U.S trade gap grew by 5.7% in February to $62.3 billion, trumping economists’ expectations for a slight deficit decline.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
"Existing-home sales could start to show a sustained increase within a few months ... ," said Laurence Yun, NAR’s chief economist.
The new business will take over certain operations from B-Ds that clear and custody their own trades.
