Bloomberg

Bloomberg
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INVESTING ETFS OCT 24, 2007
Barclays debuts iPath ETNs

Barclays has launched eight exchange-traded notes to track commodities on NYSE Arca today.

NEWS WIREHOUSES OCT 24, 2007
Merrill reels from $7.9B write-down

The worse-than-expected third-quarter losses raise questions as to the fate of chief executive Stanley O’Neal.

INVESTING ETFS OCT 24, 2007
Claymore unveils dividend-rotation ETF

The Claymore/Zacks Dividend Rotation ETF will follow the Zacks Dividend Rotation Index from Zacks Investment Research Inc.

RETIREMENT RETIREMENT PLANNING OCT 24, 2007
Transparency urged at 401(k) hearing

Legislation mandating complete transparency in 401(k) fees is set to be introduced in the Senate this week.

RETIREMENT LIFE INSURANCE AND ANNUITIES OCT 24, 2007
NYLI elects chief administrative officer

The board of New York Life Insurance has elected Frank Boccio to the position of executive vice president and CAO.

RETIREMENT TAX OCT 23, 2007
Rangel proposes corporate-tax cut

Charles Rangel, chairman of the House Ways and Means Committee, has drafted a bill that would slash corporate income tax rates, The Wall Street Journal said.

RETIREMENT LIFE INSURANCE AND ANNUITIES OCT 23, 2007
NYSE Reg creates risk unit

The Risk Group will be responsible for identifying, tracking and addressing key external market and industry trading developments.

INVESTING ALTERNATIVES OCT 23, 2007
Hedge funds thrive in third quarter

Investors pumped $45.2 billion into the hedge fund industry during the third quarter, according to data from Hedge Fund Research.

RETIREMENT RETIREMENT PLANNING OCT 23, 2007
Labor Dept. nixes 401(k) default

The Labor Department has turned down stable-value funds as a default investment in 401(k) retirement plans.

NEWS INDUSTRY NEWS OCT 22, 2007
The largest managers

BS AG remained the world’s largest money manager in terms of assets under management, with $2.45 trillion, to lead the Pensions & Investments/Watson Wyatt Worldwide ranking of the world’s 500 largest money managers in 2006.