Second-quarter profits edged up 1% at The Charles Schwab Corp. to $295 million, or 26 cents a share.
The CPI has risen 5% since June 2007, marking the highest year-over-year increase since the 5.3% jump between February 1990 and February 1991.
UBS plans to buy back up to $3.5 billion of its auction rate securities after it was accused of fraudulent practices.
State Street Corp. posted a 50% second-quarter earnings increase today while U.S Bancorp reported that profits dropped 18%.
The producer price index for June brought more bad news for the economy, posting an increase of 1.8% as inflation took its toll.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
The euro reached a high of $1.6036 on the dollar today, its highest level since the currency debuted in January 1999.
Dow Jones and Brookfield Asset's indexes serve as benchmarks of companies that own infrastructure assets.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
Watching institutional investors achieve big gains in alternative investments has whet retail demand for mutual funds that incorporate alternative strategies.
On the heels of the stock market's worst June performance since 1930 and the official start of a bear market, financial advisers are calming clients' nerves and preparing them for more bad news.
While investors may want to make changes in the face of a volatile stock market, most financial advisers don't move assets around during challenging times.
The increasing popularity of exchange traded funds has led advisers to seek new ways of incorporating ETFs in client portfolios.
Distressed debt is about to have its day, according to some prominent investment managers.
In the wake of a security breach that affected more than 10,000 clients, LPL Financial has taken several steps to increase data protection.
One of the broker-dealers in the ING Advisors Network Inc. is on the brink of losing representatives and advisers who generate $21 million in fees and commissions to rival firms.
In casual conversation about the troubled financial markets, the words "risk" and "uncertainty" often are treated as synonyms.
Pink-sheet stocks, which represent thousands of public companies not listed on any U.S. stock exchange, are gaining appeal among some investors, thanks to increased efforts to hold the companies more accountable to shareholders.
More investors are looking to sell illiquid auction rate preferred securities issued by closed-end mutual funds even though in many cases, they must sell at hefty discounts.
