If Charles Massimo had it to do all over again, he still would choose to leave Smith Barney and become an independent broker.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
The factory sector grew in January, marking the 75th straight month of expansion according to the latest ISM report.
Operational complexity was identified as the second-leading factor holding back the growth of 529 plans.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
U.S. employers cut 17,000 jobs in January, according to a report released by the Department of Labor.
Net income for the New York Mercantile Exchange increased 50% to a record $63.5 million in the last quarter.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
