Industry News

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NEWS INDUSTRY NEWS JAN 18, 2008
Bush calls for tax cuts to revive economy

President George W. Bush proposed $145 billion in tax relief and other incentives to revive a sputtering economy.

NEWS LIFE INSURANCE AND ANNUITIES JAN 18, 2008
New York Life joins forces with China insurer

Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.

NEWS INDUSTRY NEWS JAN 18, 2008
Earnings: Wilmington Trust and LaBranche

Wilmington Trust's earnings fell 7% and LaBranche posted a net-income loss of 54%.

NEWS INDUSTRY NEWS JAN 18, 2008
Report: No quick end for 'sluggish' economy

The index of leading indicators decreased by 0.2% in December, according to The Conference Board.

NEWS LIFE INSURANCE AND ANNUITIES JAN 18, 2008
Greenberg checks up on AIG's fiscal health

Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.

NEWS LIFE INSURANCE AND ANNUITIES JAN 18, 2008
Hartford executive steps down

David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.

NEWS INDUSTRY NEWS JAN 17, 2008
Earnings: Ameritrade, Blackrock, PNC, BonY

TD Ameritrade’s net income increased 65% on client assets and greater trading activity.

NEWS INDUSTRY NEWS JAN 17, 2008
Home starts continue to falter

Cconstruction began on 1.353 million new homes and apartments in 2007, the lowest number since 1993.

NEWS INDUSTRY NEWS JAN 17, 2008
Goose economy, Bernanke and Bush say

The Fed chief warned, however, that a stimulus package provided at the wrong time could prove "counterproductive."

NEWS RIAS JAN 17, 2008
RIA assets on the rise, study says

Twenty-eight percent of the RIA firms surveyed have experienced growth of more than 100%.

NEWS INDUSTRY NEWS JAN 16, 2008
Mortgage apps skyrocket in New Year

The number of mortgage applications filed increased by 28.4% for the week ended Jan. 11.

NEWS INDUSTRY NEWS JAN 16, 2008
Earnings: JPMorgan, Schwab, Knight and more

JPMorgan Chase said forth-quarter profit fell 34% after the firm posted a $1.3 billion write-down on subprime mortgages.

NEWS LIFE INSURANCE AND ANNUITIES JAN 16, 2008
NAIC report slammed by insurance group

“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.

NEWS INDUSTRY NEWS JAN 16, 2008
Consumer prices inched up in December

U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.

NEWS INDUSTRY NEWS JAN 15, 2008
December retail and producer prices fall

Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.

NEWS LIFE INSURANCE AND ANNUITIES JAN 15, 2008
Jackson National and Curian name CFO

Doug Townsend has been the vice president and controller of both entities since January 2004.

NEWS LIFE INSURANCE AND ANNUITIES JAN 14, 2008
Interstate insurance group names regulators

The Interstate Insurance Product Regulation Commission today added two new regulators.

NEWS INDUSTRY NEWS JAN 14, 2008
Some advisers are buying stocks despite rockiness of the market

Many financial advisers are in a mood to buy stocks despite the drubbing their portfolios have taken in the first few trading sessions of 2008.

NEWS BROKER DEALERS JAN 14, 2008
Ameriprise loses top producer to LPL

Ameriprise Financial Inc. has experienced the defection of another top representative, this time a leading producer in its franchisee group, to LPL Financial.

NEWS INDUSTRY NEWS JAN 14, 2008
With contracts inked for N.J., Iowa, 529 industry now eyes Michigan

Two of the Section 529 college savings plan industry's most sought-after contracts up for renewal this year have been taken off the table, leaving Michigan as the biggest prize for ambitious program managers in 2008.