Borrowers are turning to other providers, but don’t expect banks to die out any time soon, the Fed chief said today.
Barclays Global Investors of San Francisco has launched the iShares Dow Jones EPAC Select Dividend Index ETF on NYSE Arca today.
Columbia Acorn has increased the minimum initial investment for Columbia Acorn Select accounts from $50,000 to $100,000.
Brokers at A.G. Edwards and Wachovia Securities got details of their retention packages today.
Taxing some private equity firms as corporations could result in the funds themselves being taxed the same way.
Marsico Capital Management founder and chief executive Thomas F. Marsico has agreed to buy back management firm from Bank of America.
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
Goldman Sachs Group Inc. will purchase a stake in ICICI Financial Services in Mumbai, India, published reports said.
Bear Stearns today said its earnings dropped, while Goldman Sachs reported a slight decline in revenues.
Surging energy prices pushed the producer price index up 0.9% in May, according to the Department of Labor.
