Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Where some see devastation and loss, others see opportunity.
However, the Portland-based investment brokerage boasted a gain of 123% in total revenue.
Dow Jones Indexes of New York continues to add components to its 2008 Summer Games Index, which measures the performance of the official partners, sponsors and suppliers of the 29th Olympic Summer Games in Beijing.
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
Last year, National Planning Corp. and its sister broker-dealers shocked the independent-contractor broker-dealer industry with its lucrative recruiting packages to independent representatives.
In a move that has stunned the Section 529 college savings plan business, James Fadule has left his position as president of industry powerhouse Upromise Investments Inc.
The fight against global warming is making carbon emissions the hot new commodity.
Advanced Equities Financial Corp., a Chicago-based securities firm that has carved a niche of financing companies backed by venture capital firms, is preparing for an initial public offering.
Financial advisers and clients can be their own worst enemies when drafting plans for retirement income, making common — but crucial — errors that can ruin distribution plans, according to an influential academic.
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
Philly Fed president Charles Plosser was one of two voting members of the FOMC to oppose last week's cut in the Fed Funds rate.
U.S. consumption edged up by a scant $12 billion, a gain of only 0.1%.
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
March's reading of the Reuters/University of Michigan Index of Consumer Sentiment was the worst since 1992.
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
The U.S. economy grew at 0.6% annual rate in the first quarter, marking the slowest quarter since 2002.
The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.
