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LIFE INSURANCE AND ANNUITIES NOV 26, 2007
Jackson Life selects senior VP

Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.

By Bloomberg
OPINION NOV 26, 2007
SEC should not require climate change risk disclosure

The Securities and Exchange Commission should resist calls for it to require, at this time, greater disclosure of the business risks to companies from climate change.

By Investment News Team
INDUSTRY NEWS NOV 26, 2007
NFP Securities taps prez and COO

Daniel Young will be responsible for the day-to-day management of the broker-dealer.

By Bloomberg
INDUSTRY NEWS NOV 21, 2007
Goldman aims for $1B charitable fund

The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.

By Bloomberg
INDUSTRY NEWS NOV 21, 2007
Unemployment claims fall last week

Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.

By Bloomberg
INDUSTRY NEWS NOV 21, 2007
Conference Board sees slowing economy

Seven of the 10 indicators were in negative territory, led by building permits and initial claims for unemployment insurance.

By Bloomberg
INDUSTRY NEWS NOV 21, 2007
'Devastating' oil prices daunt consumers

Consumer sentiment fell to the lowest level in two years, as rising fuel and food costs strained household budgets.

By Bloomberg
INDUSTRY NEWS NOV 20, 2007
Eaton Vance profits soar 59%

The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.

By Bloomberg
INDUSTRY NEWS NOV 20, 2007
Housing starts up but permits plummet

Construction of new homes rebounded in October, increasing for the first time since June.

By Bloomberg
LIFE INSURANCE AND ANNUITIES NOV 20, 2007
Gary Wendlandt named NYLI vice chairman

He joins chief executive Sy Sternberg and Ted Mathas, chief operating officer on the board.

By Bloomberg
LIFE INSURANCE AND ANNUITIES NOV 20, 2007
Woods to retire from LIFE Foundation

Mr. Wood's retirement ends a 13-year career at the Life and Health Insurance Foundation for Education.

By Bloomberg
INDUSTRY NEWS NOV 20, 2007
Sinking dollar sends oil sky high

The dollar slid to a new low against the euro today, sending the price for a barrel of crude oil to a new record high.

By Bloomberg
BROKER DEALERS NOV 19, 2007
How to prepare for NASD arbitration

One of the most useful ways for the registered representative to envision the [arbitration] process is to realize that it is a marathon and not a sprint.

By Investment News Team
WIREHOUSES NOV 19, 2007
Indies seeking an edge in fight for breakaway reps

Registered investment adviser and independent-contractor-broker-dealer firms looking to attract high-producing wirehouse brokers are increasingly seeking to differentiate themselves in a crowded and competitive marketplace.

By Bloomberg
LIFE INSURANCE AND ANNUITIES NOV 19, 2007
Birthday gift annuities relieve worries

Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.

By Investment News Team
INDUSTRY NEWS NOV 19, 2007
LPL buying spree yields robust results

The firm reported income of $53.3 million over the first nine months of the year, compared to $20.4 million a year ago.

By Bloomberg
LIFE INSURANCE AND ANNUITIES NOV 19, 2007
Swiss Re takes $878M subprime hit

The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.

By Bloomberg
LIFE INSURANCE AND ANNUITIES NOV 19, 2007
NAILBA announces board picks

Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.

By Bloomberg
REGULATION AND LEGISLATION NOV 19, 2007
Chinese banks said to freeze lending

Regulators have asked local banks and foreign banks’ Chinese subsidiaries to ensure that loans at year’s end do not exceed the total outstanding by Oct. 31.

By Bloomberg
INDUSTRY NEWS NOV 19, 2007
Builders' confidence at 22-year low

Home builders’ confidence stayed at basement levels in November, due to an increased inventory of unsold homes.

By Bloomberg