The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
Whether they like it or not, advisers have become well-versed in financial manias, panics and bubbles.
You won't find diplomas from Harvard or Wharton on his office walls.
Goldman Sachs said it would likely sever its links with the Institute of International Finance in a dispute over accounting rules.
Despite rising energy costs, the Dow Jones Transportation Average has increased 19% since March, exceeding the 7.5% of the Dow Jones Industrial Average.
NYSE Euronext Inc. has selected Michael S. Geltzeiler to become the exchange operator’s chief financial officer and group executive vice president .
Home prices fell by a seasonally adjusted 1.7% in the first quarter, marking the largest quarterly decline on record.
UBS AGwill raise more than $15.5 billion of capital by issuing sharply discounted shares in an attempt to recover from mortgage-related losses.
Proposals voted on at Citigroup, JPMorgan and Morgan Stanley that allow investors to weigh in on pay were not well received.
Brinker Capital Inc. has surpassed the $10 billion mark in assets under management.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The economy will probably avoid going into recession, said Marci Rossell, a former chief economist for CNBC Inc. television.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
Taxes are going up after the expiration of the Bush tax cuts in 2010, even if John McCain, R-Ariz., is elected president in November.
For the first time, starting in July, Citigroup Inc.'s managed-account platforms will start advising Smith Barney reps and Citi private bankers on when to buy and sell specific money managers and mutual funds for their clients.
