Industry News

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NEWS INDUSTRY NEWS NOV 25, 2009
Thomson Reuters to offer company events data in real time

Advisers using the Thomson Reuters' Quantitative and Event Driven Trading solution set will soon have one more morsel of data coming their way to help them gain an edge in their trading strategies.

NEWS INDUSTRY NEWS NOV 25, 2009
Stocks rise following drop in jobless claims

Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.

NEWS INDUSTRY NEWS NOV 25, 2009
Consumer spending up a stronger-than-expected 0.7%

NEWS INDUSTRY NEWS NOV 25, 2009
Durable goods orders fall an unexpected 0.6% in October

NEWS INDUSTRY NEWS NOV 25, 2009
Weekly jobless claims drop below 500,000

NEWS FIXED INCOME NOV 25, 2009
Six-month Treasury rates hit record low

Interest rates on six-month Treasurys hit their lowest level on record and three-month bills their lowest point in 11 months in Monday's auction of T-bills.

NEWS LIFE INSURANCE AND ANNUITIES NOV 25, 2009
MBIA reinsures troubled competitor's portfolio

MBIA Insurance Corp. will reinsure a $184 billion portfolio of bonds previously backed by the troubled Financial Guaranty Insurance Co.

SEC orders use of XBRL for corporate filings
NEWS INDUSTRY NEWS NOV 25, 2009
SEC orders use of XBRL for corporate filings

The SEC today ordered that corporations use the interactive data standard XBRL for regulatory filings to make it easier for investors to analyze the information.

NEWS LIFE INSURANCE AND ANNUITIES NOV 25, 2009
MBIA chief mulls business split

John Brown told Bloomberg that the insurer would either divide its guarantee business into two entities or raise capital.

NEWS LIFE INSURANCE AND ANNUITIES NOV 25, 2009
FGIC plans new bond insurer

Financial Guaranty Insurance Co. wants to split itself into two companies.

NEWS RETIREMENT PLANNING NOV 24, 2009
What do you get when you cross a therapist with a financial planner?

Tensions at home were mounting after Jeremy Field lost a second construction job as the recession hit. He spent his days on the Internet and the phone looking for work. His wife, Kelly, who had been home caring for their toddler son, reluctantly returned to teaching preschool. But her part-time work meant a huge cut in wages and benefits, forcing them to sell a car and slash Christmas spending.

NEWS INDUSTRY NEWS NOV 24, 2009
Stock futures boosted by Bank of America's TARP pay plan

Wall Street is looking at a stronger open on news that Bank of America Corp. will repay its $45 billion in government bailout money.

NEWS LIFE INSURANCE AND ANNUITIES NOV 24, 2009
FundQuest adds Fidelity VA to platform

FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.

NEWS INDUSTRY NEWS NOV 24, 2009
Stocks slide on news of slow economic growth

Stocks are sliding modestly in early morning trading after a new report showed the economy grew at a slower pace in the third quarter than first anticipated.

NEWS INDUSTRY NEWS NOV 24, 2009
Stock futures point to higher opening

NEWS INDUSTRY NEWS NOV 24, 2009
Futures little changed ahead of opening

Stock futures are giving up modest gains after a new report shows the economy grew at a slower pace in the third quarter than first anticipated.

NEWS RETIREMENT PLANNING NOV 24, 2009
Skewed IRA, 401(k) data present window for advisers

NEWS LIFE INSURANCE AND ANNUITIES NOV 24, 2009
Prudential may pursue deal for ING's U.S. retirement business: Analyst

A Wells Fargo Securities analyst today speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.

NEWS RETIREMENT PLANNING NOV 24, 2009
Approach Roth IRA calculators with caution

Financial advisers beware: All Roth IRA conversion calculators are not created equal.

NEWS RETIREMENT PLANNING NOV 24, 2009
Helping clients tap retirement savings

Chances are, you have clients in financial distress, with a need for ready cash.