Associated Press

Associated Press
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NEWS INDUSTRY NEWS NOV 06, 2009
State Street to buy Italian bank's securities services biz for $1.87B

State Street Corp. said Tuesday that it will buy the securities services business of Italian banking group Intesa Sanpaolo for about $1.87 billion in cash.

NEWS INDUSTRY NEWS NOV 06, 2009
Obama: Government working to restore economy

President Barack Obama says new figures showing national unemployment has hit the double-digit mark are regretful and says he's working hard to restore the struggling economy.

NEWS INDUSTRY NEWS NOV 06, 2009
Ex-Bear Stearns hedge fund managers never lied to clients, defense argues

Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.

NEWS INDUSTRY NEWS NOV 06, 2009
Obama signs $24B stimulus bill

President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

NEWS INDUSTRY NEWS NOV 06, 2009
Jobless rate tops 10% for first time since '83

The unemployment rate has surpassed 10 percent for the first time since 1983. Nearly 16 million people can't find jobs and employers cut a net total of 190,000 jobs last month, the Labor Department says.

NEWS INDUSTRY NEWS NOV 06, 2009
Stocks rise despite poor jobs report

Stocks rose early Friday as investors shrugged off news that more jobs were lost in October than expected, pushing the unemployment rate above 10 percent for the first time since 1983.

RETIREMENT LIFE INSURANCE AND ANNUITIES NOV 05, 2009
Long-time Principal exec to retire

NEWS INDUSTRY NEWS NOV 05, 2009
Stocks jump as jobs, productivity data boost mood

Encouraging news on jobs and workers' productivity gave investors new reason to be optimistic about the economy and send stocks to big gains.

NEWS INDUSTRY NEWS NOV 05, 2009
New jobless claims drop to 512K, lowest in 10 months

The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals.

INVESTING MUTUAL FUNDS NOV 03, 2009
Mutual fund fee fight should be settled by judges: Supreme Court

The federal courts should resolve the question of whether mutual funds are charging too much in fees, the Supreme Court says.