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NEWS INDUSTRY NEWS AUG 13, 2008
Ameriprise to buy H&R's advisory unit

H&R Block's more than 900 brokers and advisers will be added to Ameriprise's employee platform.

RETIREMENT TAX AUG 13, 2008
Most corporations skirt federal tax

A GAO study found that about 66% of U.S. corporations didn't pay any federal income tax.

NEWS INDUSTRY NEWS AUG 13, 2008
U.S. trade gap narrows

In an unexpected move, the nation's trade imbalance in June fell to $56.8 billion, a 4.1% decline.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Conseco to turn LTC unit into indie trust

Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.

NEWS INDUSTRY NEWS AUG 13, 2008
ING profits dive in second quarter

ING Groep recorded a 25% decline in profits as it dealt with weak financial markets and write-downs from subprime mortgages.

RETIREMENT RETIREMENT PLANNING AUG 13, 2008
Despite turbulence, workers stick with plans

The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.

NEWS INDUSTRY NEWS AUG 13, 2008
Retail sales dip to five-month low

July retail sales dipped 0.1% after rising 0.3% in June, with the drop attributed to a 2.4% decline in the automotive industry.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Alabama insurance commish to step down

Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.

NEWS INDUSTRY NEWS AUG 12, 2008
Morgan Stanley to buy back ARS

The repurchase program will begin sometime before Sept. 30 and involve $4.5 billion of auction rate securities.

NEWS INDUSTRY NEWS AUG 12, 2008
LPL hikes transfer and termination fees

LPL Financial will increase its outgoing account transfer fees for retail accounts and termination fees by $20.