Industry News

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NEWS INDUSTRY NEWS SEP 18, 2009
As stocks keep rallying, IPOs return

Eight companies are looking to raise as much as $3.7 billion when they go public next week, the most activity the U.S. IPO market has seen in a single week in nearly two years.

NEWS INDUSTRY NEWS SEP 17, 2009
August housing construction rises 1.5%, highest level in 9 months

NEWS INDUSTRY NEWS SEP 17, 2009
New jobless claims drop unexpectedly to 545,000, lowest in 2 months

NEWS LIFE INSURANCE AND ANNUITIES SEP 17, 2009
California AG launches probe of credit rating agencies

California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.

NEWS LIFE INSURANCE AND ANNUITIES SEP 17, 2009
Vast majority of non-qualified annuity holders earn less than $100K, survey shows

NEWS INDUSTRY NEWS SEP 17, 2009
Fed: Americans' wealth increased for first time in nearly two years

Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded.

NEWS INDUSTRY NEWS SEP 17, 2009
College savings rate found insufficient, but 529s shine

While the recession has taken a toll on Americans' ability to save money for college, there are some encouraging signs from families using Section 529 college savings plans, according to a trio of reports released today as part of College Savings Month.

NEWS INDUSTRY NEWS SEP 16, 2009
Urgency for new rules for finance is slipping away

The rule book for Wall Street may not change that much after all.

NEWS INDUSTRY NEWS SEP 16, 2009
U.S. factories produce more, inflation is in check

U.S. factories made more cars, clothing and other goods than expected in August, and inflation remained in check in the early stages of a broad economic recovery.

NEWS INDUSTRY NEWS SEP 16, 2009
Back on the sidelines: Wary portfolio managers opting for cash

While most portfolio managers remain optimistic about global economic recovery, more managers are keeping additional cash on the side as they re-evaluate the markets, according to a new survey of fund managers.

NEWS RIAS SEP 16, 2009
The RIA Giants: $124B in assets and counting

NEWS RIAS SEP 16, 2009
More assets, more attention: Asset managers zero in on RIAs

Asset managers are courting RIAs with a slew of marketing and education materials. Yet, advisers aren't always impressed with the outreach, according to a new survey from Morningstar and SwanDog.

NEWS LIFE INSURANCE AND ANNUITIES SEP 16, 2009
Former Merrill rep stripped of insurance license and fined in funeral trust case

NEWS INDUSTRY NEWS SEP 15, 2009
Bernanke says recession 'very likely over'

Federal Reserve Chairman Ben Bernanke said today that the worst recession since the 1930s is probably over.

NEWS LIFE INSURANCE AND ANNUITIES SEP 15, 2009
Genworth opens $500M public stock offering

Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.

NEWS INDUSTRY NEWS SEP 15, 2009
U.S. wholesale prices soar 1.7% in August

U.S. inflation at the wholesale level shot up at double the expected rate in August as gasoline prices soared by the largest amount in a decade.

NEWS INDUSTRY NEWS SEP 15, 2009
Retail sales rise more than expected in August

Retail sales jumped in August, spurred by widespread gains beyond the increases of auto and gasoline sales that economists expected.

NEWS LIFE INSURANCE AND ANNUITIES SEP 15, 2009
New York Insurance Department to hold hearing on life insurance and annuities sales to seniors

The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.

NEWS WIREHOUSES SEP 15, 2009
Schwab sees surge in breakaway brokers in just last six weeks

The Charles Schwab Corp. said its campaign to help wirehouse brokers become independent investment advisers is picking up speed at summer's end.

NEWS INDUSTRY NEWS SEP 15, 2009
Affluent more upbeat and likely to fuel recovery, report suggests

In what could be an indicator that the economy is <a href=http://www.investmentnews.com/ article/20090915/REG/909159984>approaching recovery</a>, optimism is rising among affluent adults in the United States, according to data from Ipsos Mendelsohn's third online Affluent Barometer survey of this year.