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RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 29, 2007
Commerce Bank CEO steps down

Commerce Bank N.A. of Cherry Hill, N.J. has announced the departure of chairman and CEO Vernon W. Hill.

INVESTING MUTUAL FUNDS JUN 29, 2007
Fidelity buyback may lead to restructuring

Fidelity has bought back preferred shares from stockholders, possibly paving the way for a new ownership structure.

NEWS INDUSTRY NEWS JUN 29, 2007
Beware of bonds, says AllianceBernstein CIO

AllianceBernstein’s chief investment officer warned today that investors must be prepared for lower returns in equities and bonds.

NEWS INDUSTRY NEWS JUN 29, 2007
JPMorgan to boost India investments

JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months.

INVESTING ETFS JUN 28, 2007
Claymore launches ETFs

Claymore Securities has launched two exchange traded funds on the American Stock Exchange today, themed on brokerages to vaccines.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 28, 2007
HSBC aims to set up shop in China

HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 28, 2007
Chicago spared more LaSalle layoffs

LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.

NEWS INDUSTRY NEWS JUN 28, 2007
Cantor to step down from 529 program

Diana Cantor will be leaving her post as founding executive director of the Virginia College Savings Plan, the country's largest 529 program.

NEWS INDUSTRY NEWS JUN 28, 2007
Keep one step ahead, says exec

The economy contains some upcoming pitfalls for investors, said James Rothenberg, chairman and principal of Capital Research and Management Company.

INVESTING MUTUAL FUNDS JUN 28, 2007
Large trades costly to fund performance

On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.