Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS SEP 04, 2007
Credit crisis sours securities industry outlook

IRVINE, Calif. — Credit market turmoil has soured the outlook for the securities industry through next year. The fallout from the subprime-mortgage mess continues to roil much of Wall Street’s product origination and trading side.

RETIREMENT RETIREMENT PLANNING SEP 04, 2007
Workers want planning help from employers

NEW YORK — Workers know they need financial planning, and they are looking at their employers to guide them to sound decisions, according to a study from Ameriprise Financial Inc. in Minneapolis.

NEWS INDUSTRY NEWS SEP 04, 2007
CEOs enthusiastic about emerging markets

NEW YORK — Chief executives are feeling more confident about expanding their companies’ reach into emerging markets, but portfolio managers are still wary of investing in the sector.

NEWS INDUSTRY NEWS SEP 04, 2007
New fund eyes India’s infrastructure, demographics

WASHINGTON — Investment opportunities in India are on the rise, as experts predict that the country’s potential lies well beyond customer call centers. Greenwich (Conn.) Advisors LLC recently created an open-end fund that will invest in 25 to 40 Indian companies in a range of industries, including software, banking, infrastructure, retail, pharmaceuticals and real estate.

NEWS INDUSTRY NEWS SEP 04, 2007
Former manager sues Janus for $3.8 million

PHILADELPHIA — Even though he was aware that it would violate their contracts, Gary Black, chief executive of Janus Capital Group Inc., told the company’s portfolio managers last October that they would receive pay cuts, according to a lawsuit filed last month.

NEWS REGULATION AND LEGISLATION SEP 04, 2007
FINRA urged to cut industry ties for arbitrators

IRVINE, Calif. — Critics of the industry arbitration system want the Financial Industry Regulatory Authority to require that “public” arbitrators have no ties to the industry. In a rule awaiting approval at the Securities and Exchange Commission, New York- and Washington-based FINRA has proposed limiting to $50,000 a year the amount of revenue a public arbitrator could receive from brokerage firms for handling customer disputes.

NEWS INDUSTRY NEWS SEP 04, 2007
Credibility of financial blogs is questionable

NEW YORK — Investors surveyed by Spectrem Group admitted to reading at least one Internet blog to obtain financial information.

NEWS INDUSTRY NEWS SEP 04, 2007
How the PGA jumped into a huge retirement pool

PONTE VEDRA BEACH, Fla. — Thanks to the largesse of the FedEx Cup, the best retirement plan in sports just got better.

RETIREMENT IRA ALERT SEP 03, 2007
Legacy Financial closes shop

INVESTING ALTERNATIVES AUG 31, 2007
Bear funds denied bankruptcy protection

A judge denied bankruptcy protection for its two failed hedge funds and refused to protect the firm from U.S. lawsuits.