Hedge fund GLG Partners yesterday announced that it will temporarily stop paying a quarterly dividend.
First time jobless claims fell by 94,000 for the week ended Dec. 27, the Department of Labor reported today.
The volume of residential mortgage applications was essentially unchanged for the week ended Dec. 26, even as the interest rates charged on mortgages continued to decline, according to data from the Mortgage Bankers Association of Washington.
In order to receive a deduction for charitable contributions in 2008, the client must meet new, stricter substantiation rules.
The Conference Board Consumer Confidence Index fell to a reading of 38 in December, down from 44.7 in November and matching the record low set in October.
Home prices in the 20 largest U.S. cities fell 18% in October, a record year-over-year decline.
IndyMac Bancorp Inc. is close to being sold to a consortium of private-equity and hedge fund firms in a deal that will be partially financed by the federal government, people involved with the deal told The New York Times.
Advisers’ confidence in the economy and the stock market improved for the second consecutive month in December, according to Rydex AdvisorBenchmarking’s Advisor Confidence Index.
What do Wall Street investment banks and retired investors have in common? They both must live off the return on their capital.
Personal spending fell 0.6% in November, as job losses began to mount and the economy continued to slow, according to the Department of Commerce.
