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NEWS INDUSTRY NEWS OCT 26, 2007
Consumer confidence drops

Falling home prices and higher food and fuel prices drove consumer confidence lower this month.

NEWS INDUSTRY NEWS OCT 26, 2007
Merrill's O'Neal talked merger with Wachovia

Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.

NEWS REGULATION AND LEGISLATION OCT 26, 2007
FINRA to help firms affected by wildfires

The regulator said it would give temporary leeway to firms affected by the California wildfires.

RETIREMENT RETIREMENT PLANNING OCT 26, 2007
In California, advisers worry about clients

Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.

NEWS REGULATION AND LEGISLATION OCT 26, 2007
E-M Management hits up investor for cash

After his business fell apart, Ed May asked a former client to put money into a new set of investments.

NEWS RIAS OCT 26, 2007
Oregon unveils hybrid 529 savings tool

The Oregon College Savings Plan will combine principal protection with upside potential.

RETIREMENT TAX OCT 25, 2007
'Ax the tax,' cry Michigan advisers

In addition to advising services, the new tax would also apply to astrology reading, escort services and ski-lift tickets.

NEWS INDUSTRY NEWS OCT 25, 2007
New-home sales rise, durable goods fall

Sales of new one-family homes rose 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August.

RETIREMENT LIFE INSURANCE AND ANNUITIES OCT 25, 2007
MBIA in red for third quarter

MBIA, the world’s largest bond insurer, reported third-quarter earnings with a net loss of $36.6 million, or 29 cents per share.

RETIREMENT TAX OCT 25, 2007
Rangel moves to abolish AMT

The move would “hinder America’s ability to compete in the global economy,” said Treasury chief Henry Paulson.