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NEWS INDUSTRY NEWS AUG 07, 2008
SEC settles with Citigroup over ARS

The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.

INVESTING FIXED INCOME AUG 07, 2008
Prudential agrees to settle with SEC

Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.

INVESTING ALTERNATIVES AUG 07, 2008
Hedge fund index falls

The Hennessee Hedge Fund Index slipped 1.95% last month and was down 3.23% for the year-to-date.

INVESTING ALTERNATIVES AUG 07, 2008
Pending sales index reports increases

The pending-home-sales index rose 5.3% in June, after hitting a six-year low in May, according the National Association of Realtors.

NEWS INDUSTRY NEWS AUG 07, 2008
Euro central bank leaves rates unchanged

The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.

INVESTING MUTUAL FUNDS AUG 07, 2008
Newsletter releases ‘Fund Lemon List’

Products of some top fund companies included on Doug Fabian's roster.

INVESTING MUTUAL FUNDS AUG 07, 2008
Vanguard reopens two mutual funds

The Vanguard Group reopened the Vanguard Explorer Fund and the Vanguard Health Care Fund to new shareholders.

NEWS INDUSTRY NEWS AUG 07, 2008
CLA awards finalists unveiled

Twelve finalists for the second annual Community Leadership Awards have been named.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 07, 2008
Marsh & McLennan profits plunge 63%

Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.

INVESTING ALTERNATIVES AUG 06, 2008
Israel pleads guilty to jumping bail

Samuel Israel III, founder of Bayou Group LLC, pled guilty to charges related to his attempts to jump bail and flee.