A congressman who raised eyebrows last month when he seemed to imply that annuities are the answer to the need for lifetime retirement income claims he was misunderstood.
Merrill Lynch & Co. Inc. continues to lead the wirehouse race for net new client assets.
A California court ruling late last month may make it easier for states to sue financial firms, according to legal experts.
The securities arbitration system should be reformed or else investors should be given the option of taking their disputes to court, according to a group that represents state securities regulators.
The Bush administration’s push for an increased use of alternative energy has shed new light on an emerging category of relatively untested and untapped investment opportunities.
Real estate investment trusts that focus on office properties and those investing internationally will continue to show strong performance this year, even though REITs overall have outperformed the broad market for the past seven years, according to industry experts.
NEW YORK — Recent reports of an uptick in home invasions in many parts of the United States may increase the popularity of a policy that covers medical and other costs of the invasions.
OTTAWA — After much consultation, the Canadian Securities Administrators’ Regulation Reform Project is about to surface, though exactly when isn’t clear.
WASHINGTON — Proponents of allowing insurers to be federally regulated are taking heart in the inclusion of that proposal in a report recently issued by New York Mayor Michael Bloomberg and Sen. Charles Schumer, D-N.Y.
Corporate America received a dose of common sense when The Home Depot Inc. said that its new chief executive, Frank Blake, would be paid a fraction of what his predecessor was taking home.
IRVINE, Calif. — Wachovia Securities LLC of Richmond, Va., is expected to roll out in coming weeks a significant new incentive program.
NEW YORK — The negative savings rate in the United States has been a cause for concern to some economists — who contend that Americans are spending away their futures.
NEW YORK — Exposure to global markets is playing an increasingly important role in the confidence investors have in a company and its stock, according to evaluations of 2006 fourth-quarter company reports published last month by Goldman Sachs & Co. Inc.
Lower gas prices and a thriving labor market boosted consumer confidence to its highest level in two years, according to the monthly index of consumer sentiment that Reuters and the University of Michigan released today.
The Department of Labor's Employee Benefits Security Administration released its first Field Assistance Bulletin of the year, which provides guidance to field investigators regarding an exemption for investment advice in the Pension Protection Act.
The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.
KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
Three executives of National Planning Corp., Sean Haley, Bryan Jacobsen and Austin Moon, have received promotions.
The Pending Home Sales Index, which measures signed sales contracts, increased 4.9% in December.
