Bloomberg

Bloomberg
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INVESTING ETFS JUN 20, 2008
Barclays might receive cash infusion

Barclays PLC might receive about $927 million from Sumitomo Mitsui Financial Group Inc. to bolster its depleted balance sheet.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 20, 2008
New York Life hires retail chief

New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.

INVESTING MUTUAL FUNDS JUN 20, 2008
Mutual funds report $75 billion of inflows

Investors put more than $75 billion into mutual funds in May, as stock, bond and money market funds reported positive inflows.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 20, 2008
AIG Advisor picks leader for B-Ds

Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.

INVESTING ALTERNATIVES JUN 20, 2008
Israeli action sends oil prices higher

Crude oil prices soared today on the news of an Israeli Air Force exercise that experts say was a show of force aimed at Iran.

INVESTING FIXED INCOME JUN 20, 2008
Bill would curtail separate muni ratings

Legislation that would require municipal bonds to be rated similarly to corporate bonds was introduced today in the House.

NEWS REGULATION AND LEGISLATION JUN 20, 2008
Former UBS employee testifies against firm

A former UBS AG banker testified against the firm yesterday, claiming it participated in schemes to help hide $20 billion in assets and avoid income tax laws.

YOUR PRACTICE FINTECH JUN 20, 2008
Tech Bits

SightSpeed upgrades video conferencing system, the widget economy grows, and NYSE execution quality improves.

INVESTING MUTUAL FUNDS JUN 19, 2008
Target date funds tops for retirement plans

Target date funds are benefiting from the requirement that 401(k) plans include qualified default investment alternatives.

NEWS INDUSTRY NEWS JUN 19, 2008
Economy shows signs of life

Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.