A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
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.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
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.
The United Nations cited expectations of only 1.8% growth for 2008, compared with growth of 3.8% in 2007.
The U.S. financial markets have calmed down, but more turmoil lies ahead, the secretary said today.
Construction of new homes swung up unexpectedly in April, as the number of new multifamily housing units grew.
Consumer confidence fell to its lowest level since 1980 and its fifth-lowest reading ever.
Joe Moglia will be succeeded by Fred Tomczyk, who has been TD Ameritrade's chief operating officer since July 2007.
What would be the financial consequence if one of your clients lost his or her physical and/or mental independence?
U.S. industrial production fell 0.7% in April as the manufacturing sector recorded its worst drop in nearly three years.
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
A former banker at UBS has been charged with helping clients avoid paying taxes by opening secret bank accounts.
The firm posted a 19% drop year over year in first-quarter profit due to weaker returns in its real estate and private-equity businesses
The U.S. consumer price index inched up 0.2% last month, due largely to rising gasoline costs.
