The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
The United States shed 598,000 jobs in January and the unemployment rate rose to 7.6% from 7.2%.
Wachovia Securities reached a settlement with the SEC in which it agreed to pay investors more than $7 billion to buy back failed auction rate securities.
After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.
New orders for manufactured goods fell 3.9% in December, marking the fifth consecutive month of declines.
New claims for jobless benefits rose to a 26-year high last week, signaling that the U.S. economy remains stuck in a deep recession.
The ICCR has compiled “climate-risk profiles” on more than 150 companies that are the subjects of 2009 shareholder resolutions.
Will Fuller has joined Lincoln Financial Distributors of Philadelphia as president and chief executive, effective Feb. 13.
A survey of 506 registered investment advisers finds half their new assets are coming from wirehouses and other broker-dealers.
The Department of Labor today delayed implementation of a rule that would have allowed most investment advisers to give specific advice to 401(k) participants.
Lazard, an investment bank, said profit for its fourth quarter, ended Dec. 31, had fallen by about half to $61.2 million, or 50 cents per diluted share.
ING Groep has sold off its 70% stake in its Canadian property/casualty unit, ING Canada Inc., in an attempt to bulk up its balance sheets.
Iowa’s insurance commissioner yesterday posted a bulletin that would allow life insurers in that state to apply deferred tax assets toward 15% of their statutory capital and surplus levels.
Aviva announced that full-year 2008 life insurance and pension sales hit a company record of 11.9 billion pounds ($17.2 billion) in the United Kingdom.
A New York accounting firm has compiled a short list of candidates and plans to let its clients vote on the ultimate Tax Turkey.
Three former brokers, who were first with UBS Financial Services Inc. and then with Merrill Lynch & Co. Inc., have been barred from working in New Jersey.
Employers eliminated 650,000 jobs last month, bringing the total number of job cuts in the United States since September 2008 to 2.3 million.
Your clients, a married couple, realize that this is a home-buyer’s market and are interested in purchasing a home. The couple has come to you about tax savings opportunities related to a purchase. They are newlyweds and both previously lived in an apartment.
