Industry News

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NEWS INDUSTRY NEWS JUN 28, 2009
Equity issues hitting market at record pace

Record levels of stock issuance by public companies over the past several weeks could come back to haunt the market and hurt investors, at least in the near term.

NEWS INDUSTRY NEWS JUN 28, 2009
Knocking indexing

Despite the widely held view that indexing is the safest way to invest, not everyone is a proponent.

NEWS RIAS JUN 28, 2009
SEC doesn't need a defibrillator after all

At the beginning of the year, after it missed cues for seemingly everything from the massive Madoff Ponzi scheme to the credit crisis, the Securities and Exchange Commission was being written off as all but dead.

NEWS RIAS JUN 28, 2009
Schwab to waive fees for its RIAs' new clients

The Charles Schwab Corp. is dipping into its deep pockets to help independent advisers capture business from full-service brokers.

NEWS INDUSTRY NEWS JUN 26, 2009
May incomes up 1.4%; savings rate surges to 6.9%

NEWS LIFE INSURANCE AND ANNUITIES JUN 26, 2009
Better days seen for life, annuity insurers, A.M. Best says

As life and annuity insurers emerge battered from 2008 and the first quarter this year, there appear to be some hints of recovery amid the wreckage, according to a report from A.M. Best Co.

NEWS INDUSTRY NEWS JUN 26, 2009
Stock market declines as savings rate jumps

Investors are nervous about the savings rate outpacing spending.

NEWS INDUSTRY NEWS JUN 25, 2009
BlackRock’s Doll: U.S. market will generate hefty returns this year

Equity markets in the United States will wind up posting double-digit percentage gains this year, according to Robert Doll, the vice chairman and chief investment officer of New York-based BlackRock Inc.

NEWS LIFE INSURANCE AND ANNUITIES JUN 25, 2009
The Hartford closes deal to buy Federal Trust Corp.

The Hartford (Conn.) Financial Services Group Inc. yesterday said that it has closed its deal to purchase Federal Trust Corp. for $10 million.

NEWS LIFE INSURANCE AND ANNUITIES JUN 25, 2009
Obama’s proposal could tighten restrictions on insurers, pressure ratings, according to report

President Obama’s proposed financial regulations could tighten restrictions on insurance companies and pressure the companies’ ratings, according to a new report from Moody’s Investors Service.

NEWS INDUSTRY NEWS JUN 25, 2009
Schwab waiving fees for new clients of its RIAs

In a move that could create a price war among custodians of registered investment advisers’ assets, Charles Schwab Corp. said today it will waive commissions on electronic equity trades and reimburse account-transfer fees to new clients of independent investment advisers whose assets are held in custody at the San Francisco-based firm.

NEWS LIFE INSURANCE AND ANNUITIES JUN 25, 2009
Texas Insurance Department will try to implement protective provisions of annuity legislation

The Texas Department of Insurance yesterday said that it will try to implement provisions of legislation vetoed last week by Gov. Rick Perry that was designed to protect annuity customers.

NEWS INDUSTRY NEWS JUN 25, 2009
SEC charges Massachusetts-based manager with running a Ponzi scheme

A Wayland, Mass., money manager settled charges Wednesday with the Securities and Exchange Commission in connection with a multimillion-dollar Ponzi scheme.

NEWS INDUSTRY NEWS JUN 25, 2009
Stock futures decline after rise in jobless claims

An unexpected rise in jobless claims is causing investors to sell again.

NEWS INDUSTRY NEWS JUN 24, 2009
Warren Buffett compliments Bernanke and Geithner

Billionaire Warren Buffett says the United States has a good team leading the Treasury Department and Federal Reserve as it fights what he's called an economic war.

NEWS LIFE INSURANCE AND ANNUITIES JUN 24, 2009
Life insurance companies to thrive in the long term, study suggests

Life insurance companies are struggling to emerge from the shadows of 2008’s losses, but in the long run they will prosper, according to a study from Conning.

NEWS INDUSTRY NEWS JUN 24, 2009
May new home sales dip 0.6 percent

The government says new U.S. home sales fell slightly last month, in another sign that the housing market's recovery is likely to be gradual and prolonged.

NEWS INDUSTRY NEWS JUN 24, 2009
Oil drops below $69 as traders eye US dollar

Oil prices fell below $69 a barrel Wednesday, but were up from earlier lows, as investors continued to focus on the value of the U.S. dollar, which typically trades inversely to commodities, and awaited a policy statement from the Federal Reserve.

NEWS INDUSTRY NEWS JUN 24, 2009
Fed mulls tweaks to economic revival programs

Wanting to snuff out any rise in inflation expectations, the Fed could slow down purchases of either government debt or mortgage-backed securities.

NEWS INDUSTRY NEWS JUN 24, 2009
U.S. durable goods orders rise unexpected 1.8% in May