Surging energy prices pushed the producer price index up 0.9% in May, according to the Department of Labor.
The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.
AIG has sued former chairman Maurice R. Greenberg and ex-CFO Howard I. Smith for more than $1 billion in damages, published reports said.
To rev up its top reps and advisers, Raymond James is giving bonuses to its biggest-producing brokers.
Goldman Sachs Group Inc. will purchase a stake in ICICI Financial Services in Mumbai, India, published reports said.
The Vanguard Group Inc. today said it has added AXA Rosenberg Investment Management LLC to the advisory teams of the $12.8 billion Vanguard Explorer Fund and the $1.6 billion Vanguard U.S. Value Fund.
Bear Stearns today said its earnings dropped, while Goldman Sachs reported a slight decline in revenues.
It’s only the third week of June, but hedge fund gossip has headed to the Hamptons for the summer.
NYSE firms that do business with the public reported a dip in profits and increased revenues in the first quarter.
Hedge managers should pay more than double their current tax rate, said a former Treasury secretary.
