There are few places in the tax law where one can “undo” an earlier taxable act.
Call it the ultimate teaser rate.
At the same time that LPL Holdings Inc. and the three broker-dealers it bought from Pacific Life Insurance Co. were filing suit against the insurer, LPL was reaching out to its advisers to reassure them that the dispute wouldn't affect their businesses.
French bank BNP Paribas on Tuesday raised its savings target from the acquisition of Belgian lender Fortis, saying it expects annual synergies of euro900 million ($1.35 billion) by 2012.
As shoppers around the nation crowded stores and malls in the wee hours Friday to grab discounts and hard-to-find items, early reports pointed to some renewed spending vigor.
Advisers using the Thomson Reuters' Quantitative and Event Driven Trading solution set will soon have one more morsel of data coming their way to help them gain an edge in their trading strategies.
Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.
Interest rates on six-month Treasurys hit their lowest level on record and three-month bills their lowest point in 11 months in Monday's auction of T-bills.
MBIA Insurance Corp. will reinsure a $184 billion portfolio of bonds previously backed by the troubled Financial Guaranty Insurance Co.
The SEC today ordered that corporations use the interactive data standard XBRL for regulatory filings to make it easier for investors to analyze the information.
John Brown told Bloomberg that the insurer would either divide its guarantee business into two entities or raise capital.
Financial Guaranty Insurance Co. wants to split itself into two companies.
Tensions at home were mounting after Jeremy Field lost a second construction job as the recession hit. He spent his days on the Internet and the phone looking for work. His wife, Kelly, who had been home caring for their toddler son, reluctantly returned to teaching preschool. But her part-time work meant a huge cut in wages and benefits, forcing them to sell a car and slash Christmas spending.
Wall Street is looking at a stronger open on news that Bank of America Corp. will repay its $45 billion in government bailout money.
FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
Stock futures are giving up modest gains after a new report shows the economy grew at a slower pace in the third quarter than first anticipated.
