The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted due to their handling of her $198 million estate.
Oregon's new certificate of deposit linked to the S&P 500 Index offers a guarantee and possible growth.
Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.
Conference Board says worries about the stock market and rising gasoline prices led to 7.9-point drop in November.
Wiley and Fisher Investments create joint venture to publish books written by asset manager's employees.
Prices of existing U.S. homes fell 4.5% in the third quarter, according to the S&P/Case-Shiller Home Price Indices.
Barclays PLC said earnings will be in line with consensus, despite a £1.3 billion ($2.7 billion) write-down.
The number of asset managers participating in model portfolio programs has doubled over the past four years.
Financial advisers lack interest in new retirement income products, with many reporting that the products are too complicated and costly, according to observers.
I would like to respond to recent comments of Sallie Krawcheck, chief executive of Citigroup Inc.'s global-wealth-management division, as quoted in "Krawcheck: Accept the F[iduciary] word" (InvestmentNews Daily, Nov. 8.).
While many retirees are happier than their counterparts who are working, few who have retired have actually formulated a financial plan for their retirement years.
Some brokers at Merrill Lynch & Co. Inc. and Morgan Stanley have been hesitating to use new advisory options that their firms have deployed as replacements for fee-based brokerage accounts.
As early as next year, retirees may see a new hybrid investment product that blends mutual funds with insurance guarantees, possibly signifying an alliance between the two industries.
Optimism plummeted to its lowest level in two years this month, according to the UBS/Gallup Index.
The National Conference of Insurance Legislators has announced a new slate of officers.
Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.
Daniel Young will be responsible for the day-to-day management of the broker-dealer.
Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.
The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.
Consumer sentiment fell to the lowest level in two years, as rising fuel and food costs strained household budgets.
