Industry News

Displaying 34247 results
NEWS INDUSTRY NEWS DEC 29, 2009
Seven in a row? Futures signal another winning day for stocks

Stocks are looking to extend their gains into a seventh straight day as investors anticipate positive readings on home prices and consumer confidence.

NEWS LIFE INSURANCE AND ANNUITIES DEC 29, 2009
As rules change, a watchdog growls

New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.

NEWS INDUSTRY NEWS DEC 29, 2009
Morgan Stanley's money management biz finally lands its star exec

Morgan Stanley shakes up management as Gorman preps for CEO spot
NEWS INDUSTRY NEWS DEC 29, 2009
Morgan Stanley shakes up management as Gorman preps for CEO spot

Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1.

NEWS WIREHOUSES DEC 29, 2009
'Too-big-to-fail' could jack up loan costs for brokerages, banks

Provisions in legislation aimed at “too-big-to-fail” financial firms will increase borrowing costs for large institutions — and will make it harder to get secured lending, according to financial industry officials.

NEWS INDUSTRY NEWS DEC 29, 2009
Wells Fargo to return $1.3B to auction-rate investors

Wells Fargo Investments LLC will return about $1.3 billion to investors who suffered losses in the auction-rate-securities market, according to the North American Securities Administrators Association Inc.

NEWS INDUSTRY NEWS DEC 29, 2009
Unlicensed securities broker pleads gulty to charges in $50M Ponzi scheme

A Lubbock businessman pleaded guilty Thursday to two charges related to his bilking $50 million from investors in a Ponzi scheme.

NEWS INDUSTRY NEWS DEC 29, 2009
There's gold in them thar commodities

The secular bull market in commodities, which took a breather during the stock market downturn last year, is back on track and poised for an extended rally, according to money managers and market watchers.

NEWS INDUSTRY NEWS DEC 28, 2009
Stocks edge higher on retail sales data

Stocks edged higher Monday as investors returning from a long holiday weekend were heartened by good news on retail sales.

NEWS INDUSTRY NEWS DEC 28, 2009
Moniker for coming decade: Terrible Teens

The decade ahead could be a brutal one for America's unemployed — and for people with jobs hoping for pay raises.

NEWS INDUSTRY NEWS DEC 28, 2009
Stock futures inch higher on overseas gains, retail sales

U.S. stock futures are creeping higher as investors return from a long holiday weekend to find good news on retail sales

NEWS INDUSTRY NEWS DEC 28, 2009
Nobel laureate Stiglitz: Economy could shrink in 2010

Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year.

NEWS MUTUAL FUNDS DEC 28, 2009
Trend spotter calls U.S. large-caps next new thing

If the trend is your friend, U.S. large-cap stocks will be the place to invest over the next several months, says Jim Porter, manager of the Aston/New Century Absolute Return ETF Fund (ANENX).

NEWS MUTUAL FUNDS DEC 28, 2009
How to play the rally —and potential pullbacks

The stock market's relentless charge from its March lows shouldn't be taken for granted, since no rally lasts forever, according to portfolio manager Jeffrey Beamer, who maintains a constant hedge on every position in his Lacerte Guardian Fund (LGFIX) offered by Lacerte Capital Advisers LLC.

NEWS INDUSTRY NEWS DEC 27, 2009
Guess which NY area stock climbed 1,800% in '09?

Heading into 2009, it looked as if Avis Budget Group Inc. was doomed to wind up in bankruptcy court. Not only did the car renter avoid that sad fate, it ended the year as far and away the best-performing stock in the New York area.

Is high unemployment an ugly long-term trend?
NEWS RETIREMENT PLANNING DEC 27, 2009
Is high unemployment an ugly long-term trend?

The nation's 10.2% unemployment rate — the highest level in 23 years — is being viewed by some analysts not as a peak but as the beginning of a sustained period of above-average unemployment.

NEWS INDUSTRY NEWS DEC 23, 2009
Disappointing housing data drives stocks down

An unexpected drop in sales of new homes last month is stalling a three-day rally on the stock market, leaving indexes narrowly mixed.

NEWS INDUSTRY NEWS DEC 23, 2009
World markets up on U.S. economic news

World stock markets rose Wednesday amid mounting optimism about the speed of the U.S. economic recovery ahead of further data later.

NEWS LIFE INSURANCE AND ANNUITIES DEC 22, 2009
Singapore sling: Prudential to shell out $307M for bank's insurance unit

Prudential Plc, Britain's second-largest insurer, agreed to buy Singapore-based United Overseas Bank's life insurance unit to help expand in Southeast Asia.

NEWS INDUSTRY NEWS DEC 22, 2009
Stock futures point to higher opening

Stock futures pointed to a higher opening Tuesday as investors placed bets that new data on economic output and housing sales will show the economy is continuing to recover.