A 2008 recession could last longer and be more severe than any since the end of World War II, say economists.
Moody's downgrade of FMR Corp.'s debt rating reflects an unseen mountain of unrated debt the company has accumulated in recent years, according to the rating agency.
Upon implementation of the Pension Protection Act one year ago, sponsors of 401(k) plans gained the opportunity to limit their liability for advice given to participants under eligible investment advice arrangements.
Asset management might be at the heart of what drives an individual toward financial advice, but savvy financial planners are realizing that it takes more than asset management to bring lasting value to the advisory relationship.
While Fidelity Investments has reopened its famed Magellan Fund, advisers remain skeptical and are keeping a close eye on its performance.
President George W. Bush proposed $145 billion in tax relief and other incentives to revive a sputtering economy.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
Wilmington Trust's earnings fell 7% and LaBranche posted a net-income loss of 54%.
The index of leading indicators decreased by 0.2% in December, according to The Conference Board.
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
