RIA News

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RIA NEWS APR 01, 2009
Help not wanted: 100,000 fewer online job ads posted

A New York-based nonprofit research group says 100,000 fewer job advertisements were posted online in March.

By Bloomberg
RIA NEWS APR 01, 2009
Construction spending falls for 5th straight month

Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction.

By Bloomberg
RIA NEWS APR 01, 2009
Manufacturing index shows contraction in March

A trade group's measure of the health of the U.S. manufacturing sector contracted for the 14th straight month in March, and while the pace of decline was slower than expected, any pickup in jobs is still highly unlikely before next year.

By Bloomberg
LIFE INSURANCE AND ANNUITIES APR 01, 2009
MetLife CEO compensation fell 13% in 2008

MetLife Inc. Chairman and Chief Executive C. Robert Henrikson received compensation of $12.4 million in 2008, down 13 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Tuesday.

By Bloomberg
RIA NEWS APR 01, 2009
Spectrem millionaires inch toward optimism

The Spectrem Millionaire Investor Index rose eight points in March to -26, returning to a “mildly bearish stance.”

By Jamie Burns
RETIREMENT PLANNING APR 01, 2009
Delaplane: Auto IRAs high on Obama's to-do list

President Obama has his eye on automatic enrollment in individual retirement accounts and an expansion of the Saver’s Credit Act as a way to encourage Americans to prepare for retirement, according to a retirement policy expert.

By Darla Mercado
RIA NEWS MAR 31, 2009
Gloomy forecast for foundation giving

Foundation giving went up in 2008, but is expected to decline this year, according to a survey released today by the Foundation Center.

By Sue Asci
RIA NEWS MAR 31, 2009
Consumer confidence stays steady in March

An index of consumer sentiment based on 5,000 households remained relatively flat this month, according to a report released today by The Conference Board, a business research firm.

By Sue Asci
RIA NEWS MAR 31, 2009
Euro zone inflation drops to record low

Inflation in the 16 nations that use the euro hit a record low in March, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said Tuesday.

By Bloomberg
RIA NEWS MAR 31, 2009
European markets recover but G-20 worries persist

European stock markets rose modestly Tuesday following a mixed Asian session as investors picked up beaten-down stocks but remained acutely aware that the rally could run out of steam in the run-up to this Thursday's G-20 summit of world leaders.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAR 31, 2009
Advisers seek to skirt VA roadblocks

Advisers are being pelted with a dizzying array of new insurance products. But as quickly as products develop, so, too, do the challenges, which include evaluating carriers’ financial health and deciding which product might be favorable in a given economic environment.

By Darla Mercado
RIA NEWS MAR 31, 2009
IRS offers Ponzi victims safe harbor

Your client was a victim of a Ponzi scheme and wants to know whether he can deduct a loss on his tax return for the fraudulent behavior of the investment adviser.

By Michelle M. Musacchio
RIA NEWS MAR 31, 2009
Stocks rebound on last day of quarter

Wall Street has ended a tumultuous March on a high note, managing its first winning month this year and its best monthly performance in nearly seven years.

By Bloomberg
RETIREMENT PLANNING MAR 31, 2009
Employers flock to gov't funds to safeguard DC plans

More employer-sponsored retirement plans may start to offer Treasury and government money market mutual funds to minimize the risk of losses, according to a survey of plan consultants released today by Pacific Investment Management Co. LLC.

By Sue Asci
RIA NEWS MAR 31, 2009
Dependence on fuel stokes bad economy, Gore says

The economic crisis is deeply interconnected with other crises facing the nation, former Vice President Al Gore told more than 2,000 people at the Citi Performing Arts Center Wang Theatre in Boston last night.

By Sue Asci
RIA NEWS MAR 31, 2009
ARS suit against UBS dismissed

By Dan Jamieson
RIA NEWS MAR 30, 2009
World markets off sharply in Monday trading

By Associated Press
RIA NEWS MAR 30, 2009
Mercer, Callan pull plug on merger

Mercer and Callan Associates halted plans to merge their investment consulting businesses, according to a Callan news release.

By Douglas Appell
RIA NEWS MAR 30, 2009
Obama rejects GM, Chrysler restructuring plans

President Barack Obama said today that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts, and demanded "painful concessions" from creditors, unions and others as their price for survival.

By Bloomberg
RIA NEWS MAR 30, 2009
Don’t bank on upbeat indicators, experts say

There's some good news about mutual funds returns and other economic indicators, but it's not yet time to start popping Champagne corks, industry experts say.

By Bloomberg