Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.
Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens.
A California life insurance agent will face a preliminary hearing Friday as he contends with grand-theft and identity theft charges.
Treasury Secretary Timothy Geithner said he sees positive signs that the economy is recovering, although the recession remains "alive and acute" for families dealing with unemployment and facing home foreclosure.
Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
Gilbert Van Hassel has been named global CEO of the unit, while Jeff Becker will now be the CEO of ING Investment Management in the Americas
Former Societe Generale SA trader Jerome Kerviel was convicted on all counts Tuesday in one of history's biggest trading frauds, sentenced to three years in jail and ordered to pay the bank a mind-numbing euro4.9 billion ($6.7 billion) in damages.
Stocks fell Wednesday after a drop in sales of new homes gave investors another reason to be cautious.
US consumer confidence takes surprising hit, slips further in October, research group says
It's about to become official: The recession is over — but not the pain.
Touchstone Investments is looking to adopt funds to fill out its product lineup.
Investors will be paying close attention to the direction of the equity markets in the coming days in light of the recent market volatility that has tested the strength of the eight-month rally, according to Uri Landesman, head of global growth at ING Investment Management Americas.
New opportunities for insurers and asset managers are on the horizon as they seek a way to put a guaranteed wrapper around target date funds, according to an insurance company executive.
Life insurer Hartford Financial Services Group Inc. said Monday that its chief financial officer, Lizabeth Zlatkus, will be named its chief risk officer and the company will begin looking externally for a new CFO.
New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target the fee-based-adviser market, according to Matthew Grove, its vice president.
A federal judge has refused to approve a settlement over contact information stolen from online brokerage TD Ameritrade Holding Corp.
After leading Chicago's unsuccessful effort to land the Olympics, Patrick Ryan is jumping into something he knows a lot better than the Byzantine politics of the International Olympics Committee — the insurance business.
