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.
As discussed in earlier columns, there are two types of structured-note products — those without a principal guarantee and those that guarantee the return of principal as a worst-case scenario.
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.
The Securities and Exchange Commission should resist calls for it to require, at this time, greater disclosure of the business risks to companies from climate change.
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.
Seven of the 10 indicators were in negative territory, led by building permits and initial claims for unemployment insurance.
Construction of new homes rebounded in October, increasing for the first time since June.
The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.
