Bloomberg

Bloomberg
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INVESTING ETFS SEP 27, 2007
U.S. ETF assets top $507 billion

Total assets of the 546 ETFs listed in the U.S. rose 3.7% to $507.11 billion in August.

NEWS WIREHOUSES SEP 27, 2007
Analyst sees calamitous quarter for Merrill

Goldman Sachs analyst William Tanona expects Merrill's third-quarter earnings to decline by 89% to $208.9 million.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 27, 2007
LIMRA and LOMA to join forces

Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.

INVESTING MUTUAL FUNDS SEP 27, 2007
Vanguard floats new funds of funds

The Vanguard Group today filed for a new series of mutual funds designed to provide monthly payments to retirees.

INVESTING ETFS SEP 27, 2007
PowerShares launches five ETFs

The PowerShares International Listed Private Equity Portfolio has generated quite a lot of buzz.

NEWS INDUSTRY NEWS SEP 27, 2007
Firms have fighting chance with FINRA

B-Ds facing litigation from FINRA might be better off fighting rather than settling, according to a study.

NEWS INDUSTRY NEWS SEP 27, 2007
B-Ds slammed for fraudulent auction practices

The SEC has filed settled enforcement actions against two B-D firms and their CEOs for fraudulent auction practices.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 26, 2007
New York Life taps chairman and CEO

New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.

INVESTING ALTERNATIVES SEP 26, 2007
Read, Mindich to helm hedge committees

Two leaders in the asset management world will head efforts to define best practices for hedge funds.

NEWS WIREHOUSES SEP 26, 2007
Wachovia poaches three from Merrill

Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.