Moody's downgrade of FMR Corp.'s debt rating reflects an unseen mountain of unrated debt the company has accumulated in recent years, according to the rating agency.
A 2008 recession could last longer and be more severe than any since the end of World War II, say economists.
Asset management might be at the heart of what drives an individual toward financial advice, but savvy financial planners are realizing that it takes more than asset management to bring lasting value to the advisory relationship.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
President George W. Bush proposed $145 billion in tax relief and other incentives to revive a sputtering economy.
Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
Wilmington Trust's earnings fell 7% and LaBranche posted a net-income loss of 54%.
The index of leading indicators decreased by 0.2% in December, according to The Conference Board.
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.
TD Ameritrade’s net income increased 65% on client assets and greater trading activity.
Cconstruction began on 1.353 million new homes and apartments in 2007, the lowest number since 1993.
The Fed chief warned, however, that a stimulus package provided at the wrong time could prove "counterproductive."
Twenty-eight percent of the RIA firms surveyed have experienced growth of more than 100%.
The number of mortgage applications filed increased by 28.4% for the week ended Jan. 11.
JPMorgan Chase said forth-quarter profit fell 34% after the firm posted a $1.3 billion write-down on subprime mortgages.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.
Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.
The new indexes measure the performance of companies in accord with the values and principles of Dharmic religions.
