CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
The U.S. economy has “all but stalled and could contract,” said Janet L. Yellen, San Francisco Fed president.
The U.S. economy shed 80,000 jobs for the month, part of the longest period of decline since early 2003.
The number of U.S. workers applying for unemployment benefits grew by 38,000 last week.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
Wealthy donors may be more open to online relationships than charities may realize.
The economy could contract in the first half of this year, Ben Bernanke said in testimony today.
As with all of the firm's funds, socially-conscious investing criteria -- including environmental, social and governance considerations — will be given priority.
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
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.
