German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Board members and fund executives polled are now spending more than 50 hours per quarter managing board responsibilities.
The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.
