Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS JUN 03, 2008
Factory-made goods move in April

Orders for factory-made goods unexpectedly rose 1.1% in April, due to a strong increase across several industries.

INVESTING MUTUAL FUNDS JUN 03, 2008
Direxion launches Dollar Bull fund

Dollar Bull 2.5x Fund seeks daily investment results, before fees and expenses, of 250% of the performance of the U.S. Dollar Index.

INVESTING ETFS JUN 03, 2008
Gold Trust ETFs strengthen SEC, CFTC bond

The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them.

INVESTING MUTUAL FUNDS JUN 03, 2008
Pershing adds array of funds

The firm had added American Funds, JennisonDryden, OppenheimerFunds Inc. and Van Eck Global to its mutual fund platform.

INVESTING ALTERNATIVES JUN 02, 2008
REITs outperform broader market in 2008

Real estate investment trusts outperformed other major market benchmarks during the first five months of the year.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 02, 2008
MassMutual to buy First Mercantile

MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.

RETIREMENT RETIREMENT PLANNING JUN 02, 2008
Boomers' retirement plans in jeopardy

The economic downturn is forcing some baby boomers to raid their 401(k) plans and halt their savings, which could have a negative effect on their retirement, according to a new study.

YOUR PRACTICE FINTECH JUN 02, 2008
Pershing offers document managementc

Pershing LLC subsidiary iNautix LLC on Wednesday will introduce a next-generation document management solution geared toward introducing broker-dealers, investment professionals and independent registered investment advisers.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 02, 2008
New annuity-wrapped managed account sparks interest, confusion

The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.

NEWS OPINION JUN 02, 2008
Harvest your capital gains?

A mantra of tax-efficient investing is to harvest capital losses and defer all gains.