It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.
J. Andrew Kalbaugh is the new chief executive of Mutual Service Corp. of West Palm Beach, Fla.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
Morgan Stanley CEO John J. Mack has identified Zoe Cruz, a co-president, as the leading candidate to succeed him.
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
Consumer confidence fell this month to the lowest level in more than two years, according to the RBC Cash Index.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
A bill that would protect 21 million taxpayers from paying the AMT “will not become law,” said the congressman.
Raymond James has surpassed the $1 billion mark in revenue this year — only the second indy B-D to reach that level.
Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.
A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.
Brokers at Merrill Lynch & Co. Inc. of New York are upbeat about the prospects for their company following the departure of chief executive E. Stanley O'Neal last week.
