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.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
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 .
The new business will take over certain operations from B-Ds that clear and custody their own trades.
"Existing-home sales could start to show a sustained increase within a few months ... ," said Laurence Yun, NAR’s chief economist.
Five brokers at the collapsed firm have filed a $36 million arbitration complaint against National Financial Services.
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
Broker-dealer executives whose firms clear trades through and use the custody services of Bear Stearns Securities Corp. say that their fears have been calmed for the moment by the deal under which JPMorgan Chase & Co. will acquire parent company The Bear Stearns Cos. Inc.
Four in 10 American adults are holding off on major life decisions because they are worried about the economy.
Since the tax laws are so complex, and often inconsistent, it's no wonder that the tax treatment of investment management fees varies widely.
Judging by the heated reaction of members of Congress, Wall Street, the insurance industry, the savings-and-loan and regional-bank industries, etc., Treasury Secretary Henry Paulson's plan to revamp the nation's financial regulation is pretty good.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
“It is a far cry from everything we need to do,” but it will help keep homeowners in their homes, Sen. Christopher Dodd said.
The U.S. economy has “all but stalled and could contract,” said Janet L. Yellen, San Francisco Fed president.
The U.S. economy shed 80,000 jobs for the month, part of the longest period of decline since early 2003.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
The number of U.S. workers applying for unemployment benefits grew by 38,000 last week.
